Fun Asia Show Recording-November 28, 2013
Independent Contractors – How to Avoid Tax Problems
Tax Issue
There is a real incentive for small business owners to try to avoid payroll taxes and the administrative red tape that goes along with hiring workers as employees. Treating workers as independent contractors is tempting when one considers that there is no corresponding payroll tax return to file, no employer matching for FICA, no unemployment tax, and no workers’ compensation insurance to purchase. The only administrative cost of treating a worker as an independent contractor is the requirement to issue a 1099 to the worker at […]