Making Money In Business

5 posts

12 Common Bookkeeping Mistakes

12 Common Bookkeeping Mistakes to Avoid 1. Commingling funds – So many business owners are guilty of either using the business account to pay for personal expenses or paying business expenses through the personal account. This is a big NO NO! 2. Misclassifying workers – Times are tough and staffs […]

Employee or Independent Contractor?

When determining whether your workers are employees or independent contractors, there are several factors you must consider.  The traditional test to determine a worker’s status involves the concept of control.  The IRS developed 20 factors to resolve a worker’s status as an independent contractor under the common law.  The burden […]