When you want to bounce back from an audit, there are some tips that you will need to keep in mind. Being audited by the IRS can be an incredibly scary situation, so it is incredibly important that you learn the best ways to proceed. By taking these points into consideration, you will have
While some businesses start out with a single person behind them, most people eventually wind up hiring a few employees. Of course, if you're going to bring on employees, you'll need to make sure you compensate them appropriately. If you don't know what you should pay your employees, keep on reading. You'll be able
Hiring independent contractors can be a liberating experience. While they set their own price, their prices are generally cheaper than many name brand companies. If you want to hire an independent contractor to do freelance work for you and/or your company, then there are three things that you should know before doing so. Liability Problems
Elance and Odesk are both websites that employers can use to connect with those who are looking for freelance work. Freelance work is similar to the work contractors do because both are given a fixed pay for work that is done within a timeframe. After that work has been completed, they are no longer connected
Contractor filing can sometimes be difficult to understand because there are certain requirements that each contractor and employer must follow in order to make sure the forms are completed. Understanding the process is the first step to making sure you complete the forms correctly. Who Needs to File Companies that have hired independent contractors in
A 1099-MISC form is used to report all income made by a contractor, as long as it is $600 or more for one taxable year. The 1099-MISC form must be filled out by the employer or client who hired the contractor. One of the most important parts of the 1099-MISC form is the Taxpayer Identification
