Donna Bordeaux
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Tax MythBusters: The Top 5 Tax Tips to Amaze your Friends and Family
I commonly find there are sooo many misconceptions about taxes out there. I have heard a lot of them so many times, they make me laugh. I would like to dispel some untruths about taxes and educate you just a little. Here is my top 5:nn1. "I cannot afford to earn any more money this year because I will jump into the next tax bracket." or "Boy, I would not want to win the lottery. It would cost me too much in taxes."nTax Brackets: In the US, our tax brackets are marginal. Only
April 7, 2008
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Employee Or Independent Contractor: Whatâs The Difference?
New entrepreneurs need to have a strong respect for employee issues and legal regulations. Employee rights law has become a major issue in todayâs workplace. It is crucial that employees are classified correctly as there are large tax implications and penalties when they are misclassified. nnAn employer must generally withhold income, social security and Medicare taxes, and pay unemployment taxes as well as the employerâs portion of social security and Medicare taxes on a
April 7, 2008