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Self-employed persons direct their own work, working for clients or selling services or products. Independent contracting is one common type of self-employment.
The law classifies different types of employees and non-employee workers, but it leaves many of the specifics to individual companies.
Independent contractor rights and responsibilities are different from those of an employee. This guide will cover everything you need to know.
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Which Business Entity is Right for You?
There are many diff...
There are many different types of business entities, each having their own advantages and disadvantages. This article intends to define and explain some of the most common entities. Since people have
Family Limited Partnerships (FLPs) have become very popular estate planning tools. The unique benefits of FLPs can allow families to minimize legal costs and administrative duties, lower potential es
Have ever wondered about what someone that files bankruptcy looks like? Does he or she look like the homeless guy begging for money at the freeway exit? Are they young, old, somewhere in between. Do you imagine they look sad, hungry, and ashamed, or are they happy, fat, and smug ...
The earnings from an S-Corporation that pass through to its owners is still not subject to the Self-Employment Tax. This break may not last much longer since President Obama has mentioned that he would like to eliminate this break. The SE tax is 15.3 percent of the net earnings f...
The means test was introduced to the Bankruptcy Code in 2005. It is designed to limit those individuals eligible to file for Chapter 7 bankruptcy. The Chapter 7 bankruptcy means test compares your current monthly income against the median income for households similar in size to ...
The FICA and Self employment tax rates are in for 2012. The only unknown at this time is whether the employee share of FICA (Social Security) will be reduced for 2012 as it was for 2011.
The Maximum FICA (OASDI) wage base for 2012 is $110,100. Up from $106,800 for both 2010 and 2...
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