In tax terminology, an independent contractor is someone who performs services for a business but who is not an employee of the business.
One time I was helping a small business owner who was going through a rough time with her business. It was leaking cash, she was taking almost nothing out for herself, and she was burned out. Her business only took in about $50,000, but somehow she had two employees working for her. That was where […]
There are tax considerations and non-tax considerations when you have employees. You should think about both before making the leap and hiring employees.
Payroll tax refers to taxes an employer pays when the employer has employees.