By Cliff Ennico “I started an online retail business earlier this year, and have generated so much income already that I know I’m going to get a Form 1099 from PayPal this year. When do I need to sign my business up for federal and state taxes? I know I have to do this […]
By Cliff Ennico Few things in life are more unsettling than getting a letter from the IRS. Especially if you don’t think you did anything wrong. But don’t panic. Millions of people get these every year, and most of the time, there’s nothing to worry about. In the vast majority of cases, either: The IRS […]
I get a lot of questions from my community about using independent contractors and/or freelancers instead of going through the hassle and expense of actually hiring employees. It’s tempting to categorize workers as independent contractors (ICs) rather than employees, because ICs are people considered to be in business for themselves. Therefore, your business is not […]
If wishes were horses, beggars would ride. I’ve been reminded of that old English proverb in recent weeks as I’ve scanned the news for articles on the state of small business in the US. The proverb comes to mind because when I read the news I begin to think about the way I “wish” it […]
The situation in Washington D.C. reminds me of the scene in “Rebel Without a Cause” when Buzz (Corey Allen) and Jim (James Dean) are playing a deadly game of “Chicken Run” in their cars, racing toward a cliff and testing who would be the first to pull up. The big difference is that Congress and […]