The BayTown Group

Accounting & Business Support for Contractors and Sub-Contractors. We're experts in the industry!

It's National Women in Construction Week! So to those women in the trenches, answering the phones or doing to financials, know that you're appreciated each and every day!



https://wicweek.org/?fbclid=IwAR1GO86CljA-W1lOzoqQ9LfqWjuY0X5mMzNVYAKJiqDvftW9PfgvBKhejs4

Women in Construction Week WIC Week™, or Women in Construction Week™, celebrates and promotes the role of women in the construction industry. Founded by NAWIC.

Fall Back In Love With Your Business! Let us help make that love connection!

Avoid the IRS headaches as much as possible! Stay on top of your finances and taxes by staying organized throughout the year or hiring a professional if you need support.

Construction companies have to make difficult choices among many financial alternatives, like bidding on one project over another, selecting financing for materials or equipment, or setting a project’s profit margin. On top of that, construction is a notoriously volatile industry with a high failure rate, slow time to payment, and inconsistent cash flow.

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Small Business Bookkeeping and Accounting | BLOG | The Baytown Group Take a look at our BLOG page. The Baytown Group is a full service tax, accounting and business consulting firm located in Knoxville, TN and in the Burlington, VT, area.

Tax Implications When Employed in the Family Business
When a family member employs someone, the tax implications depend on the relationship and the type of business. Taxpayers and employers need to understand their tax situation. Here is what to know:
Married People in Business Together
Generally, a qualified joint venture whose only members are a married couple filing a joint return isn't treated as a partnership for federal tax purposes.
Someone who works for their spouse is considered an employee if the first spouse makes the business's management decisions and the second spouse is under the direction of the first spouse.
The wages for someone who works for their spouse are subject to income tax withholding and Social Security and Medicare taxes, but not to FUTA tax.

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Small Business Bookkeeping and Accounting | BLOG | The Baytown Group Take a look at our BLOG page. The Baytown Group is a full service tax, accounting and business consulting firm located in Knoxville, TN and in the Burlington, VT, area.