Independent Contractor Shortcut?
All factoring companies must be sure their client is properly paying their payroll tax obligations. Often, business owners think paying people as “independent contractors†with a year end 1099 will...
View Article1099’ers And The New Crackdown
From this New York Times article: Federal and state officials, many facing record budget deficits, are starting to aggressively pursue companies that try to pass off regular employees as independent...
View ArticleIRS Increased Scrutiny On 1099 Filings
Here is a relevant article regarding the Internal Revenue Service cracking down on misclassified filings of independent contractors. Many businesses attempt to avoid paying regular payroll taxes by...
View ArticleA Case Of Mistaken Identity
A business owner must wear multiple hats and have expertise in various areas. For example, when the company sells to a customer and offers credit terms, the business assumes the role of a bank. Money...
View ArticleIRS Audits of Small Business Software Files
The Internal Revenue Service has been ramping up enforcement of tax compliance. Previously I have posted about mis-catagorization of employees vs. contractors. It is important as a small business owner...
View Article1099 Scrutiny
This is another reminder of the increased crack down on misclassifying people working for companies. If you are considering someone working for you as an independent contractor, remember; If you tell...
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