As a business owner, you should hire 1099 contractors when you need someone for short-term, project-based work or specialized tasks that don’t require close supervision. Contractors typically have more control over their schedules, work methods, and tools, and you won’t be responsible for pro...
If you work as a freelancer, gig worker, contractor, sole proprietor or small-business owner, you might receive one or more 1099-NECs from clients. Reviewing the 1099 meaning and what needs to be reported on a 1099 will help you understand when you need to issue or receive one. Video o...
Do you stop taking unemployment when you start a business? Morris Leste, the owner of Carlson Company, has three employees who earn $500, $575, and $1,055 per week. What are the total state and federal unemployment taxes that Morris owes for the first 11 weeks of the...
Georgia, a single taxpayer, operates a business that produces $100,000 of income before any amounts are paid to her. She has no dependents and no other income. She has itemized deductions of $18,000. Compute the total income that would be paid assuming th ...
Curious how much a business license cost in your state? Here is what you can expect to pay state by state. Read about the costs and resources for the state your business is operating in.
To transfer EIN to new owner isn't possible. EINs, or Employer Identification Numbers, are not transferable from one business owner to another. There are circumstances in which a business owner may need a new EIN, however. Does an LLC have to file a tax return?
Are you a business owner? There are a lot of questions and gray areas, and you may not know if you qualify for a business credit card. Here are the details.
What Is a 1099 Form? Finance What Is Life Insurance? Taxation What Is a Tax Haven? Economy What Is the Gold Standard? Finance What Is a Joint Account? Related Articles In Finance, what is Round-Tripping? What is a Traditional Economy: Understanding Its Role and Functioning ...
As a small business owner, you already have enough to worry about. By the time tax season comes around, the last thing you want to think about is the amount of tax you owe. With tax rates subject to change every year and the legal jargon that goes into discussing them, it can quickly...
· As a business owner, and perhaps the sole proprietor of the business loan, remember that it’s your responsibility to pay back the loan debt. · Read the fine print of the loan! You want to be fully in the know of when payments are due, so that one never falls through the cracks...