Stories similar to Independent Contractrors vs. Employees:

How To Deduct a Child's Wages as a Business Expense from Taxes 2 years 2 weeks ago

Business expenses on your taxes are recorded on the Schedule c form. There are a variety of expenditures that you should include on this form in order to determine the profit or loss from your business.

Line 26 of the Schedule C asks for the total wages that you paid out from your business. There are no age limits as to who you pay money to. A child’s wages are the same as an adults wages. If they provided a service and you paid them it is a deductible expense.

The Real Cost of Paying Employees 1 year 37 weeks ago

The problem of sticky wages and employers being reluctant to hire new employees or re-hire laid off employees was well illustrated in a recent Wall Street Journal article entitled "Why I'm Not Hiring" by Michael P. Fleischer.

How to Calculate theTaxes Deducted from Paychecks 2 years 38 weeks ago

With tax season coming around the corner, everyone is rushing to their tax preparer to file for their tax returns for 2008. Whether you use Turbo Tax software, a CPA or go to H & R Block to file your tax returns, one of the most necessary information you need is the amount of income taxes paid for the tax year. If you received 1099's, you are supposed to have been paying your estimated taxes quarterly.

How to file taxes as an independent contractor 2 years 20 weeks ago

When you are an independent contractor, you are your own boss. You are considered an independent contractor whether you are a freelance writer, copywriter, beauty consultant or just someone who sales products and services from home.

What Are Medical Transcriptionist Independent Contractors? 2 years 18 weeks ago

Medical transcriptionists can either be employees or work for themselves. Many are considered independent contractors. This article explains the pros and cons of being an IC in the medical transcription field and what ICs have to do differently than their employee counterparts.