The difference between a warrior and an ordinary man is that a warrior sees everything as a challenge, while an ordinary man sees everything as a blessing or a curse. Don Juan
Quote of the Month – August 2013
Not only is the Universe stranger than we think, it is stranger than we can think. Werner Heisenberg creator of the Uncertainty Principle
Independent Contractor versus Employee – How to Classify
It is additional work and more expensive to maintain a staff of employees compared to hiring independent contractors. But there are strict rules on determining a workers status. The courts analyze 7 factors to determine the classification of workers. The 7 factors are used to determine the degree of control and independence.
Independent Contractor versus Employee – Cost Differences
We reviewed the different filing requirements for treating workers as independent contractors compared to employees. Next we will review the cost differences between the two classifications. Continue reading…
Independent Contractor versus Employee – Filing Requirements
A common decision to be made for small businesses is whether to treat workers as employees or independent contractors. There are both legal and tax considerations for the treatment chosen. We will review the tax considerations for treating workers as independent contractors versus employees.
Quote of the Month – July 2013
It is not enough to do your best; you must know what to do, and THEN do your best. W. Edwards Deming
Tax Help Question: Claim Charitable Deduction for Providing Services
Question: I am donating business services to a church. Can I deduct my time spent as charitable contribution? If so, how do I record my time? Do I issue the church an invoice for my time?
Fake IRS Garnishment Notices
You are getting bombarded with calls and letters due to owing back tax balances. Watch out for all the tricks companies use to solicit your business.
Claim Significant Other as Dependent to File Head of Household
There are tax advantages for filing head of household compared to filing single. Can you file head of household by claiming your significant other, such as boyfriend or girlfriend, as a dependent?
Claiming Exemption for Spouse on Married Filing Separate Return
You may decided to file married filing separate because you do not want your spouse to be responsible for your taxes. If you do decide to file married filing separate, are you allowed an exemption for your spouse?