In tax terminology, an independent contractor is someone who performs services for a business but who is not an employee of the business.
Image courtesy of user "Geralt" on Pixabay.com One time I was helping a small business owner who was going through a rough time with her business. It was leaking cash, she was taking almost nothing out for herself, and she was burned out. Her business only took in about $50,000, but somehow she had [...]
There are tax considerations and non-tax considerations when you have employees. You should think about both before making the leap and hiring employees.