Are You an Independent Contractor or an Employee?
There are two types of worker classifications in the United States, an independent contractor and an employee. Do you know where you stand? Prior to the pandemic, it was a little clearer, perhaps, and we all relied on the interpretation of the IRS.
Now with the changes created by COVID-19, many workers are not traveling to their employer’s office. Instead, they work from their homes and submit their work View full post…
Best Way to File Your Taxes if You Are Self-Employed
If you’ve just started a new business, or are planning to open one, you will need to know the best way to file your taxes. The steps that you need to take are not complicated, but some of the detail might be. Whatever you do, don’t put off filing, or for that matter paying quarterly estimates, if required.
The last thing you want, is to end the year with a nice profit, and have a big tax bill for income taxes and self-employment taxes. Like most new business owners, you’ve View full post…
6 things to consider before making the jump to becoming a freelancer
(BPT) – Considering the economic challenges the world is faced with today, including some of the highest unemployment numbers in recent history, now could be an excellent time to begin a career as a freelancer.
Recent nationwide furloughs and layoffs caused by the struggling economy and the social distancing necessitated by COVID-19 make that particularly true. But statistics show the number of freelancers has been growing over the past decade, partly because people enjoy the flexibility, control and better work-life balance that can come with the role. And independent contractors span a range of professions these days, from law to graphic design to engineering.
In a survey conducted in the nation’s top 30 cities for freelancing last year, for example, some six million independent contractors were collectively earning View full post…