In 2020, we went from a booming economy to an unprecedented unemployment rate we've had in recent times due to the lockdown caused by the novel coronavirus (COVID-19). In 2021,...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 01/26/2021
One of the most common mistakes businesses make is not having the right status for a worker. The options are employees or self-employed.An independent contractor (IC) carries out an...
Posted by Carmen Garcia on 01/18/2021
One of the things every first time business owners need to know is filing tax. As long as they pay employees, quarterly filing of taxes is essential. This is where Form 941 comes in....
Posted by Flynn Financial Group Inc on 09/24/2020
With precautions and careful consideration during the Coronavirus Pandemic, many people all over the country are still turning to ridesharing to bring in extra income with apps like...
Posted by Larry Hurt on 08/13/2020
As the on-demand economy grows, being a delivery driver can be a great way to earn money, full time, or as a part-time job. Whether you work for companies like Amazon, UPS, or a new...
Posted by Unifirst Financial & Tax Consultants on 08/13/2020
Taxes on self-employed entrepreneurs include federal income tax, self-employment tax, local taxes, and state taxes. Independent and independent contractors report taxes on Form 1040...
Posted by Larry Hurt on 09/30/2019
An independent contractor can also be called as self-employed or someone who is an independent business person. It’s really just getting paid for your work in a different manner....
Posted by Valderas Financial Solutions LLC on 09/26/2019
There are critical tax favorable circumstances for Independent Contractors (IC) versus workers. ICs deduct costs of doing business, though, the new tax law (TCJA) suspended "unreimbursed...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 09/25/2019
If a specific US taxpayer is an independent contractor, he is commonly seen asking how independent contractors should file taxes if he does not own any business. And most importantly,...
Posted by Wolf Financial Group LLC - Tax Services on 12/14/2018
