Posts Tagged ‘Independent Contractors’
How to Not Become a Labor Department Enforcement Target
Over the last couple of years the Department of Labor has become fairly aggressive in its enforcement of wage and hours laws. It has been targeting industries suspected of being the most egregious offenders and it is going at enforcement in such a public way as to create a “ripple effect.”
Read More 7 Handy Payroll Tips for Small Business Owners
Having a proper handle on your payroll is essential. So here are some helpful payroll tips for small business owners that you can apply to your enterprise:
Read More Why You Should Be Outsourcing, Not Hiring
Being overworked is an American trademark. (How many times have we heard we’re lacking work/life balance?) And whatever workaholic labels are placed on your average worker bee, they’ll be tripled for business leaders and entrepreneurs.
Read More Payments to Independent Contractors
Payments to Independent Contractors can be a very grey area within the tax law. Often times I am asked the question, “Should my employees be given a W-2 or Form 1099-MISC for there pay?”
Read More 10 Key Outsourcing Mistakes Made By Entrepreneurs
These days, it is almost impossible to find a small business where everything is done at the home location, by full-time employees. We are in the age of outsourcing.
Read More The Independent Contractor Ranks Are Growing
The number of workers identifying themselves as “independent contractors” is growing in the United States. In 2005 the U.S. Bureau of Labor Statistics determined that the number of independent contractors rose from 6.4% of the workforce in 2001 to 27.4% of the workforce by 2005. In 2010, Navigant Economics claimed the following:
Read More Employers Face Stiff Affordable Health Care Act Excise Taxes
The Affordable Health Care Act (ACA) (“Obama Care”) may lead to stiff excise taxes for larger and midsize employers that misclassify employees as independent contractors.
Read More When is Tax Form 1099-MISC Due to Contractors?
Everyone needs a little help now and then. If these people are not your employees, they are contractors and need to be given a 1099-MISC.
Read More Is Your Small Business Victim to These Tax Myths?
If you ever aren’t sure on something a friend tells you about your taxes, always make sure to check the IRS site. If you can’t find the answer there, look to someone who is supposed to know tax laws before deducting anything on your taxes.
Read More Independent Contractor Versus Employee?
Is it better to be an independent contractor or an employee? For a small business owner (SBO), the question mostly is how to determine what business relationship exists between the person providing the services & the SBO, and if that relationship is that of an independent contractor or an employee.
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