In my last post I said there are “7 Deadly Sins” that lead to the high failure rate among small business start-ups. These are the pitfalls to avoid in order to grow a profitable business. We covered Deadly Sin #1 in detail, now on to number 2….(drum roll!)… DEADLY SIN #2: A “Field of Dreams” Marketing […]
Is it OK to Pay Workers as 1099 Contractors?
Small business owners are always searching for ways to lower their taxes. One of the most common tactics is to classify workers as 1099 contractors, rather than as W-2 employees. When done within IRS guidelines, classifying a worker as an independent contractor will save your business a significant amount of money in payroll taxes and employee-related […]