Toland Hansley & Company PA

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Toland CPA Group, P.A., a professional association of Certified Public Accountants, has as its guiding principles "Delivering excellence through quality client service." We emphasize assistance to our clients in reaching their tax and financial objectives.

Many employees have had to crack open their retirement plan savings to meet pressing needs because they do not have other resources. This is an unfortunate fact of life, due to the current economic situation.

On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (The Act) into law.
The Act provides approximately $275 billion of temporary tax breaks and incentives impacting individual and business taxpayers.

For your convenence, we now accept payment by credit card. We accept Visa, Mastercard and Discover Card. We do not
accept American Express.

Employee misclassification is int the spotlight as a way to reduce the tax gap.
Employee misclassification of workers as independent contractors is in the spotlight as the Government Accountability Office (GAO) and Congressional Research Service (CRS) have released reports and recommendations on the issue. IRS reportedly is embarking on an employment tax audit of selected employers nationwide, and a recently introduced bill would revammp so-called "Section 530" relief.
The CRS recently summarized the employee-vs-independent contractor issue and reported that the last IRS estimate ws that 15% of employers misclassified 3.4 million workers as independent contractors rather than as employees causing an estimated total loss of $1.6 billion in taxes.
Representative James McDermott (D-WA) has introduced legislation that would make it more difficult for employers to receive protection from a potentially large employment tax assessment after incorrectly classifying a worker as an independent contractor. The legislation, if passed, would also increase information reporting penalties.