Libre Tax Service

Are you classifying your team correctly? The IRS uses a 20-factor test to determine if a worker is an employee or an independent contractor. This test focuses heavily on behavioral control, financial control, and the exact nature of your working relationship. Misclassification can lead to severe penalties, back taxes, and compliance headaches for your business. Don't leave your payroll up to guesswork!

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Unlocking the full value of your workspace? Depreciating your home office can be a powerful way to maximize your tax deductions and lower your tax liability. Let's ensure you are accurately calculating your workspace benefits and taking advantage of every deduction you deserve.

Call now on 562-925-7100

Did you know that cryptocurrency earned through staking or mining is treated as ordinary income? The moment those tokens hit your wallet and you gain control over them, the IRS requires you to report their fair market value as income.Later, if you decide to sell, trade, or spend those same coins, you will also trigger a separate capital gains tax event based on the change in value. Staying compliant means keeping meticulous records of your dates, values, and transactions to avoid unexpected penalties. Call now on 562-925-7100