Employers (Dental Practices) Engaging Independent Contractors are Prone to Scrutiny

Employers (Dental Practices) Engaging Independent Contractors are Prone to Scrutiny

The government acts strictly with employers who make attempts at evading taxes by resorting to unscrupulous means.  Many employers project their permanent employees as being independent contractors in order to…

Things to Know Before Hiring an Independent Contractor

Things to Know Before Hiring an Independent Contractor

Hiring an independent contractor for jobs around the home or the office is the easiest thing to do when trying to complete non-essential business jobs such as remodelling. Depending on…

Solo 401k Plan Explained for Self Employed

Solo 401k Plan Explained for Self Employed

Last week I talked about 401K plan and how shared an example explaining how your 401k plan contribution can earn you 25% return on investment. Today, I want to continue…

1099 Independent Contractor Tax Deduction

1099 Independent Contractor Tax Deduction

Recently we got a question asking about the tax deduction for the 1099 contractor. Caller wanted to know if he can deduct the travel expense from his home to his…

Understanding Self Employment Tax

Understanding Self Employment Tax

The word tax never fails to not to scare us right? No matter however much money we are paying to the government as tax it seems that when ever it’s…