Many small business owners rely on so-called handshake business agreements and, as long as everyone’s happy, these kind of agreements can work well. After all, your agreement doesn’t need to be in writing to be valid. However, when you and the other party...
According to the Small Business Administration (SBA), nearly 80 percent of small businesses in the United States are one-person operations, and many of those are home based businesses. Here are some legal tips for ensuring you and your business are protected if you...
Is the person you classified as an independent contractor really an employee (or “common-law employees as the IRS calls them) instead? The Internal Revenue Service (IRS) and the Department of Labor are cracking down on businesses that misclassify workers. Before...
As businesses in America have increasingly hired independent contractors as a way to manage or cut costs, the IRS has ramped up its crackdown on employee classification violations. And we’ve heard many States are cracking down as well. In California, for example,...
Representative Dave Camp (R-MI), the chairman of the House Ways and Means Committee and one of Congress’ top tax lawmakers, has released his proposal for small business tax reform and it contains a number of drastic changes to the current code. A Forbes article takes...