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March 2025

Two women are at a desk; one seated on the phone with a laptop, while the other stands and points at a document. They appear to be discussing the differences between W-2 employees and 1099 contractors. Shelves filled with books and plants set a backdrop to their conversation.

Understanding W-2 Employees vs. 1099 Contractors: What Are The Differences and Business Implications

Small Business & Self-Employed, Tax Corner I Blog, Tax Law Updates

Navigating the world of employment classifications can often be complex, especially when distinguishing between W-2 employees and 1099 contractors. The main difference lies in the level of control you have over their work and the nature of your relationship. A W-2 employee typically operates under your direct supervision, adhering to set schedules and using your […]

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Virginia Military Pension/Retirement Deduction: Key Tax Benefits Explained

Military, Tax Corner I Blog, Tax Credits & Deductions

Understanding the Virginia military pension and retirement deduction is key to maximizing your benefits if you’re a retired service member residing in the state. Virginia allows you to deduct a significant portion of your military retirement pay from your taxable income, making it a highly beneficial consideration for veterans. As of recent updates, the tax

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