Posts Tagged ‘independent contractor’
5 Ways Tax Planning Can Help the Average Joe
August 18th, 2010 | 
Author: 
Tax planning for Average Joes? You bet!
Many people don’t think they make enough to worry about tax planning, but what they don’t realize is no matter what your income level, tax planning can help you make adjustments that will significantly reduce your tax liability.
Fast and Easy Cash Accounting….oh, it’s Accrual World
Holy Cow! I'm Not Equipped to Make These Decisions Yet!
Accrual Method or Cash Method Accounting?
Making Work Pay Tax Credit
Yes, we are back, rested and ready to hit the road running after a little break over the Holiday season! To start off the new 2010 tax year, I wanted to cover a topic that will affect most taxpayers in a positive way , the Making Work Pay Tax Credit.
Posted in Personal Finance, taxes | 
Tags: accounting, American Rcovery and Reinvestment Act of 2009, earned income, earned income credit, find a good accountant, Fredrick James, independent contractor, IRS form 2210, Making Work Pay Tax Credit, Schedule M, tax, tax credit, taxable income, taxes | 
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New to Self-Employment Business Orientation: How to Avoid Tax Problems & Pave the Way to Success
Today people have more choices than ever before when it comes to making a living. Even those who keep their regular full time positions as employees are taking on side work as independent contractors and some are choosing to make the leap to full time self employment or starting their own small business.
Make sure you have your “parachute” packed when making the leap from employee to sole proprietor!
Finding the Right Accountant to Help Build Your Business
You know you need an accountant to help you figure out your financials and you’re worried about the looming possibility of being hit with a big tax bill in the spring. The problem is, you’ve heard horror stories from friends and family about awful accountants. So now you’re left wondering, how do you know what you’re getting yourself into?
Last week I went over the different types of accountancy services generally available to business owners. This week I wanted to follow up with some advice on an even more individual level: finding an accounting professional you can get along with, communicate with and work with. Yes, that’s a big deal.
Employee or Contractor, Which Will It Be?
Last time we went over some of the tax differences between employees and independent contractors and why it’s important to choose carefully. Today I want to discuss the method used to classify a worker as either an employee or independent contractor in an attempt to help clarify a somewhat murky area.
Employee or Contractor?
Posted in Business Finance, taxes |
Tags: business taxes, common law, contractor, employee, form SS-8, independent contractor, taxes |
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Starting Your Own Business: Choosing Your (Tax) Words Carefully
“Small businesses create most of the nation’s new jobs, employ about half of the nation’s private sector work force, and provide half of the nation’s nonfarm, private real gross domestic product (GDP), as well a s a significant share of innovations.” -SBA 2008 report to the President
There has been so much media coverage about the current economic decline here in the US that it is easy to find ourselves feeling helpless and, at times, hopeless that the situation will ever turn around. Fear not, my fellow Americans, the end is far from near. Adversity is actually a good thing for our economy—economic upheavals, historically, have proven to be the motivation needed to shake Citizens out of their industrial stupor and get them thinking about new ways to do business, new niche products or services that are not being provided and creative ways to make a living.
Posted in Business Finance, taxes |
Tags: deductions, economic downturn, employees, federal tax, income taxes, independent business, independent contractor, Medicare, new business, payroll taxes, Social Security, tax, tax deductions, tax law, tax payments, tax withholding, taxable income |
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