The definition of an employee, according the IRS, is someone that you tell what you do, how to do it and monitor their work. If this is how you treat those that you hire, then they may be considered employees, not independent contractors. Independent contractors are actually running their own business and they should be [...]
Although personal income tax is fairly straightforward and simple, that of doing your own small business tax may be a bit more…challenging. If you do want to keep your own tax books and file your taxes at tax time, take this into consideration.The best way to do so would be to invest in a quality [...]
You start out the year planning to keep a notebook in your car to write down all of your mileage when you visit clients or have to head to that important meeting. By February, you’ve been too busy to keep up with it. While the tax code allows for business related driving to be tax [...]