by Innov8ive Marketing | Nov 24, 2022 | Uncategorized
Independent contractors are a vital part of the American workforce. They work for themselves, usually providing services to other businesses. While this setup offers many advantages to both the contractor and the hiring business, it can also create tax problems. You...
by Innov8ive Marketing | Oct 3, 2022 | Uncategorized
Due to rising gas prices, the Internal Revenue Service (IRS) announced an increase in the standard mileage rate for business travel. As a result, small businesses that make use of the standard mile rates can deduct 62.5 cents per mile for business mileage. This is...
by Innov8ive Marketing | Sep 12, 2022 | Uncategorized
Case Study: Avoid common mistakes as a new business startup Starting a new business can be an exciting and challenging experience. There are many things to consider when launching a new venture and making mistakes can be costly. There will be a lot we will be...
by Innov8ive Marketing | Sep 1, 2022 | Uncategorized
What is the difference in Independent Contractors VS Employees If you have found yourself asking why your boss has paid you as a 1099 independent contractor instead of a w-2 employee, look no further. There are various tax implications for individuals who receive...
by Innov8ive Marketing | Aug 25, 2022 | Uncategorized
Have you had enough of paying large amounts of self-employment tax? For 2022, lawmakers levy the self-employment tax at the painfully high rate of 15.3 percent on the first $147,000 of net self-employment income. This 15.3 percent includes the Social Security tax of...
