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Whether you have the assistance of a tax professional or plan on handling the task yourself, there a steps you need to take to ensure accuracy with your Federal and State Returns

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E-Commerce and Gig Economy - You must report income earned from the gig economy on a tax return, even if the income is: From part-time, temporary or side work. Not reported on an information return form — like a Form 1099-K, 1099-MISC, 1099-NEC, W-2 or other income statement. 

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Construction Services -  Most construction businesses use two different tax accounting methods, one for longterm contracts and one overall method for everything else, which is often the accrual method. A special section of the IRS web site can help companies pick the best accounting method for their needs.  

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