Posts Tagged by taxes
Independent Contractor vs. Employee | Worker Classification
| August 29, 2011 | Posted by paul under Contract, Finances and Money, Legal, News, Taxes |
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
Choose To Pay Less Taxes – Follow-up
| April 25, 2011 | Posted by paul under Business Structure, Finances and Money, Legal, Taxes |
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?
| April 19, 2011 | Posted by paul under Business Structure, Finances and Money, Legal, Taxes |
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?
| April 7, 2011 | Posted by paul under Legal, Taxes |
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?
| March 18, 2011 | Posted by paul under Business Structure, Legal, Taxes |
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?
| March 14, 2011 | Posted by paul under Business Structure, Legal, Taxes |
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?
| February 13, 2011 | Posted by paul under Legal, Taxes |
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