When Do You Know Your Subcontractor Is Really An Employee?
It is so important to understand and correctly apply the rules for classifying a worker as an employee or as an independent contractor. The relationship between the worker and the employer determines if an employer must withhold income taxes and pay Social Security,...
How Does Self-Employed Tax Work?
Who Is Self-Employed? You are most likely self-employed if any of the following applies to you: If you perform a trade as a sole proprietor or independent contractor If you are a member of a partnership that performs a trade or business You are otherwise in business...
Nanny Tax Q&A
When hiring a nanny, most parents (like myself) focus on things like how well will they take care of my kids, do they do laundry, like to cook, etc. However, you need to remember that most likely when you hire a nanny, you need to know the how and when do you pay and...