Posts Tagged by taxes

Independent Contractor vs. Employee | Worker Classification

Tax Bag with Cash

There has been a lot of discussion in the news recently about Independent Contractor status vs. being an Employee and how to tell the difference, both from the worker’s and the company’s perspectives. Is someone you have working for your business or are considering bringing on to your company an Employee vs. Independent Contractor? There […] continue reading

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Choose To Pay Less Taxes – Follow-up

Form 1040

One of my previous posts on a specific strategy for paying less in taxes generated some controversy and rebuttal on the strategy, so I thought I would expand upon that point and explain my position a little more. As a quick recap, I advocated a strategy that is available to owners of an S-Corp to […] continue reading

How Would You Like To Choose To Pay Less In Taxes?

Tax Bag with Cash

One of the advantages of being the owner of a business, specifically one that is taxed as an S-Corp is that you have some flexibility in how, when and how much you pay in taxes. In case the S-Corp term is unfamiliar to you, it is basically forming a corporation or an LLC and filing […] continue reading

Are You Still Filing a Schedule C For Your Business?

2010 Form 1040 (Schedule C)

There is a better way and I can show you how. If you are running your business as a sole proprietor, then you are filing a Schedule C as part of you annual 1040 income tax filing, but even thought that is technically a business, it is likely not the best business structure for you […] continue reading

What are the Tax Implications of the Various Business Types?

In my previous post I discussed the various types of business structures that are available when you are creating your business. You can also change from one structure to another at a later time, but depending on your initial choice, that can sometimes be complicated and expensive, so it is best to get educated up […] continue reading

What are the Types of Business Structures to Choose From?

There are a number of different types of business structures to choose from, so you need to be careful and choose the one that is going to be right for you and your particular situation. Sole Proprietor Partnership Corporation LLC continue reading

What’s the Scoop with Payroll Taxes and Being an Independent Contractor?

It is just a scaled down version of what you would have with a multiple employee business, but in this case you are the sole employee. There are 2 different taxes that make up what are called payroll taxes. The first is Social Security which is sometimes called FICA for Federal Insurance Contributions Act or OASDI […] continue reading