The document summarizes the three main types of tax relationships for technical consultants: W-2, corp-to-corp, and 1099. With a W-2, the client company pays portions of taxes and offers benefits but has liability. With corp-to-corp, the consultant pays all taxes through their own S-Corp or LLC but has more control over benefits and liability. A 1099 is rarely used due to IRS regulations holding clients responsible for unpaid taxes. The document advises consultants to examine the tax payments, liability, and benefits of each to determine the best fit.
American Incorporators has been helping businesses incorporate for more than 35 years. Here, we break down the pros and cons of the most common business entities: C-Corporations, LLCs and S-Corporations.
CTKnowledgeShare: CT Corporation is dedicated to educating our customers on the most current and essential topics for corporate legal and compliance professionals.
S corporations are legally structured in a way that allow them to go untaxed. This is because income that is recognized by owners is taxed at the personal level and not via the business. Moreover, an S corporation is a pass-through or flow-through entity, which means income passes through to the shareholders. This newsletter details tax management information and methods used by and relevant to S corporations.
Can real estate investors have a 401(k) plan - Kurt AltrichterKurt S. Altrichter
There are several ways to invest in real estate. However, it depends on a few factors if real estate investors can have a 401k plan.
While the joys of being a real estate investor are many, so are the stressors. One of the main stressors is that you have to plan for retirement by yourself, unlike when you are employed.
Luckily, there are various retirement savings plans that were created to house all kinds of professions. One such plan is the 401k plan. This is a retirement savings plan that allows individuals to save a certain percentage of each paycheck directly to a long-term investment account. So, to answer the question “can real estate investors have a 401k plan,” the answer is yes.
There are many people creating new entities in order to protect their assets and liability. This small presentation of running an S-Corporation has been provided to offer some "Basic" understanding of certain requirements that are often overlooked when choosing the S-Corporation entity type.
American Incorporators has been helping businesses incorporate for more than 35 years. Here, we break down the pros and cons of the most common business entities: C-Corporations, LLCs and S-Corporations.
CTKnowledgeShare: CT Corporation is dedicated to educating our customers on the most current and essential topics for corporate legal and compliance professionals.
S corporations are legally structured in a way that allow them to go untaxed. This is because income that is recognized by owners is taxed at the personal level and not via the business. Moreover, an S corporation is a pass-through or flow-through entity, which means income passes through to the shareholders. This newsletter details tax management information and methods used by and relevant to S corporations.
Can real estate investors have a 401(k) plan - Kurt AltrichterKurt S. Altrichter
There are several ways to invest in real estate. However, it depends on a few factors if real estate investors can have a 401k plan.
While the joys of being a real estate investor are many, so are the stressors. One of the main stressors is that you have to plan for retirement by yourself, unlike when you are employed.
Luckily, there are various retirement savings plans that were created to house all kinds of professions. One such plan is the 401k plan. This is a retirement savings plan that allows individuals to save a certain percentage of each paycheck directly to a long-term investment account. So, to answer the question “can real estate investors have a 401k plan,” the answer is yes.
There are many people creating new entities in order to protect their assets and liability. This small presentation of running an S-Corporation has been provided to offer some "Basic" understanding of certain requirements that are often overlooked when choosing the S-Corporation entity type.
When a business owner decides to sell the company, there are different scenarios to consider ensuring the sale benefits the seller as much as possible. It’s imperative that the owner should understand the tax implications and how they relate to the company’s corporate structure. When starting a business or changing your business structure, one of the most common options business owners evaluate is whether to form an S corporation or C corporation. These are the two most common ways to incorporate, and the choice really depends on your business goals.
Personal Accounting
Gift & Estate Tax
Income Tax
Personal Employee Payroll
Specialized Accounting
Tax & Wealth Planning
Tax Estimations
Tax Service
IRS Problems
IRS Problems Home
Tax Resolution Services
Tax Payment Plan
Late Tax Payments
Underpayment Of Taxes
IRS Tax Audit
IRS Negotiation
Offer In Compromise
IRS Foreign Bank Account
Are you looking for someone to manage your book keeping? Are you finding it hard to keep your taxation in order? Are you looking for some financial advisory? If you answered yes to any of the questions, get in touch with us today!
GET STARTED
Eliminating IRS Debt with a Tax Payment Plan. If you owe the IRS a lot of money, and you’re unable to pay off the debt, you might be able to set up a tax payment plan.
AB150 & SB113 California SALT Tax Workaround WebinarMoskowitz LLP
Learn more about recent legislation governing state and local tax workarounds with this webinar from Moskowitz LLP.
For more information on this topic, please watch our full webinar at: https://moskowitzllp.com/webinars/watch-our-latest-webinar-on-ab150-sb113/
You can also subscribe to our monthly newsletter for more topical tax advice.
Make it Legal! Advantages of Legalizing BusinessesAffiliate Summit
Philip Akalp will change the way small businesses think about legalizing their business, as he scurries away falsities of Incorporating and forming LLC’s, while sharing many key advantages.
Experience level: Intermediate
Target audience: Affiliates/Publishers
Niche/vertical: Legalizing Business
Philip K. Akalp, CFO, Corpnet.com (Twitter @Corpnet)
Ten Tips In Forming Limited Liability Companiesrlechevallier
This presentation discusses the various pros and cons of registering your company as an LLC, including the tax implications for business owners and why it may be the best entity for real estate investors.
In depth presentation on considerations for choosing the most beneficial entity for a particular business or financial situation - LLC, Sole Proprietorship, General Partnership, etc. Contact Goldin Peiser & Peiser, LLP for more information or visit www.gppcpa.com.
EAG offers unique solutions for small business owners wishing to pass along their business without those painful estate taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube:http://www.youtube.com/watch?v=TgBPlYeUNyI
When a business owner decides to sell the company, there are different scenarios to consider ensuring the sale benefits the seller as much as possible. It’s imperative that the owner should understand the tax implications and how they relate to the company’s corporate structure. When starting a business or changing your business structure, one of the most common options business owners evaluate is whether to form an S corporation or C corporation. These are the two most common ways to incorporate, and the choice really depends on your business goals.
Personal Accounting
Gift & Estate Tax
Income Tax
Personal Employee Payroll
Specialized Accounting
Tax & Wealth Planning
Tax Estimations
Tax Service
IRS Problems
IRS Problems Home
Tax Resolution Services
Tax Payment Plan
Late Tax Payments
Underpayment Of Taxes
IRS Tax Audit
IRS Negotiation
Offer In Compromise
IRS Foreign Bank Account
Are you looking for someone to manage your book keeping? Are you finding it hard to keep your taxation in order? Are you looking for some financial advisory? If you answered yes to any of the questions, get in touch with us today!
GET STARTED
Eliminating IRS Debt with a Tax Payment Plan. If you owe the IRS a lot of money, and you’re unable to pay off the debt, you might be able to set up a tax payment plan.
AB150 & SB113 California SALT Tax Workaround WebinarMoskowitz LLP
Learn more about recent legislation governing state and local tax workarounds with this webinar from Moskowitz LLP.
For more information on this topic, please watch our full webinar at: https://moskowitzllp.com/webinars/watch-our-latest-webinar-on-ab150-sb113/
You can also subscribe to our monthly newsletter for more topical tax advice.
Make it Legal! Advantages of Legalizing BusinessesAffiliate Summit
Philip Akalp will change the way small businesses think about legalizing their business, as he scurries away falsities of Incorporating and forming LLC’s, while sharing many key advantages.
Experience level: Intermediate
Target audience: Affiliates/Publishers
Niche/vertical: Legalizing Business
Philip K. Akalp, CFO, Corpnet.com (Twitter @Corpnet)
Ten Tips In Forming Limited Liability Companiesrlechevallier
This presentation discusses the various pros and cons of registering your company as an LLC, including the tax implications for business owners and why it may be the best entity for real estate investors.
In depth presentation on considerations for choosing the most beneficial entity for a particular business or financial situation - LLC, Sole Proprietorship, General Partnership, etc. Contact Goldin Peiser & Peiser, LLP for more information or visit www.gppcpa.com.
EAG offers unique solutions for small business owners wishing to pass along their business without those painful estate taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube:http://www.youtube.com/watch?v=TgBPlYeUNyI
The outlook according to key players across the construction sector and the insurance industry
Key players in the construction sector recently met with leading construction insurers to discuss current trends and debate the future outlook for their industries. The meeting of minds was organised by Lucas Fettes & Partners and Constructing Excellence, the organisation charged with driving the change agenda in construction.
Read the report: The future for construction insurance
Lucas Fettes and Constructing Excellence have published a report that presents an overview of some of the insights that emerged from the initial discussion, including some direct extracts from the transcript of the evening.
Für die Agile Kultur in großen Firmen sind funktionierende Communities of Practice ein wichtiger Baustein. Sie aufzubauen ist jedoch keine einfache Aufgabe. In der DATEV eG ist uns das gelungen. Aus der Leidenschaft für Clean Code eines Einzelnen wurde innerhalb von vier Jahren eine aktive Software Craftsmanship Community. Aktiv heißt etliche Code Retreats, unzählige Coding Dojos, zig Treffen der internen Software Craftmanship Community, entsprechende Kurse für Entwickler sowie noch vieles mehr.
Wir wollen Euch eine Übersicht unserer Reise vermitteln und Antworten auf folgende Fragen liefern: Was wurde unternommen, um die Community zu aktivieren? Welche Faktoren seitens des Managements, aber auch der Mitarbeiter waren für diesen Erfolg ausschlaggebend? Darüber hinaus wollen wir auch ein wenig in die Zukunft blicken, wo wir noch hin wollen und welche Ideen uns noch umtreiben. Last but not least wollen wir klären, warum jemand, der eine Community voranbringt, “verrückt” ist.
Autoren: Martin Heider, Andy Fischer & Daniel Bögelein
Tópicos essenciais em embriologia primeira e segunda semana do desenvolvimento embrionário. Especial para estudante das ciências da saúde e biológicas e estudante de áreas afim.
http://ekinsurance.com/financial/what-are-annuities/
Annuities can be a great way to make your money work, but many people may not understand the risks, rewards, or the workings of their annuities.
Startup Your Startup: Tips and Tricks for Founders at the Starting LineDavid Ehrenberg
When it comes to setting up your business, there are a lot of t's to cross and i's to dot before you can take off. This presentation, from Justworks and Early Growth Financial Services, provides a handy checklist of those things you need to consider and take care of (properly!) when you're starting up, including setting up an EIN, securing SUI, choosing your corporate entity, registering trademarks, and more.
The beauty of Entrepreneurship is that it provides freedom, wealth, financial stability, jobs and the opportunity for change, in your family, community, country or the world.
Entrepreneurs and small business owners create social and economic value, opportunity and employment far beyond their organizations. Specifically affecting the U.S. economy by playing key roles as suppliers, customers, and service providers for other businesses.
There is a path to success, you must be aware of what you’re doing in your business as well as how you’re doing it. Accounting will be your road map, there are few ways around it and shortcuts only cost more in the end.
How to Reduce Plaintiff Attorneys' Income Taxes and Build Wealth Using Contin...Greg Maxwell
This presentation was created by Greg Maxwell, Esq., CFP® of Amicus Settlement Planners. If you have any questions about deferring legal fees, you may schedule a complimentary call with Greg via this link: bit.ly/book-a-call-with-greg-maxwell, or you can email Greg at Contact@AmicusPlanners.com.
1. Think of at least one item in each of these areas that may impa.docxjeremylockett77
1. Think of at least one item in each of these areas that may impact your client's business. Then, explain how your client could respond to or plan for threats and opportunities to your business in each area of the PESTLE analysis.
2. Do the same as instructed in part 1, except complete the analysis using the Miami University Regional campuses as the focus.
16 Need-to-Know Small Business
Regulations
Gretchen Schmid
Original Source
Have you ever worked in an office with a poster that said “Employee Rights Under the
Fair Labor Standards Act,” or maybe one that said “Equal Employment Opportunity Is
the Law”?
Did you wonder why it was there?
It wasn’t just for wall decoration: Employers are often legally required to place these
posters in plain sight, depending on the structure and type of their business. That’s just
one of the many regulations—meaning a legal rule issued by a government agency—
that can affect a small business.
Consider this: The Code of Federal Regulations, a document published each year by
the federal government that lists all areas subject to regulation, is divided into 50 broad
subsections. It’s no surprise that small business owners often feel overwhelmed and
disheartened about the number of governmental regulations imposed on their business!
We’ve put together a guide to 16 of the most common types of regulations that you
need to consider when setting up and running your small business, from overtime pay to
health insurance to antitrust laws.
Setting Up Your Business
1. Size regulations
https://www.fundera.com/blog/small-business-regulations
First of all, you need to determine whether your small business is actually a small
business in the eyes of the federal government.
Why does that matter?
Because all the programs created by the Small Business Act in 1953 to help small
businesses, like loans, counseling, and contracts, are only available to businesses that
fit the size standards.
These standards differ from industry to industry: Some are based on number of
employees, while others are based on the business’s finances.
2. Licenses and permits
Does your business sell alcohol or firearms, operate oversize vehicles or planes, import
or export animals, plants, or animal products, or broadcast information via radio? You’ll
need to apply for a federal permit.
If none of those apply to you, you’re not necessarily off the hook: Depending on your
state, you may need to apply for a state license or permit. Selling goods often requires a
sales tax license, for example, while operating a veterinary clinic or a hair salon might
require a professional license.
Almost every business needs some sort of license or permit to operate legally—the
tricky part is figuring out which ones you need. Check out the SBA’s directory of state
license requirements and their guide to federal licenses for more information.
Taking Care of Your Employees
3. Overtime
...
Here's my "Artist's Guide To Owning & Operating a Business." It's for creative entrepreneurs that want to help get their business up and running quickly. Contact my office to supercharge the findings in my report!
2. INTRODUCTION
It may not be tax season but, when you’re a technical consultant, you need to be
constantly aware of your tax relationship with your client company. Doing so allows
you to optimize on potential benefits as well as ensures that you know your tax
requirements.
On the surface, the three consulting tax relationship types (W2, Corp-Corp and
1099) look the same; they are the terms of service for the length of the contract.
However, there are key differences in how these types of tax relationships pertain to
the consultant. Today’s blog post will demystify the three tax types, letting you know
who pays the taxes, where the liability is, and what the benefits are with each one.
3. W2
With the W2 tax type, you are a contracted consultant. You are often paid an hourly rate
every two weeks through a direct deposit.
Taxes:
Your employer pays a portion of your taxes (Federal, Social Security, Medicare, State),
which usually works out to be 8-9%. Additionally, your employer withholds a portion
of your paycheck for you to help pay your taxes.
Liability:
You are given workers comp and your employer is responsible for any liability.
Benefits:
Your employer can offer benefits such as disability, health care, vacation and
retirement accounts.
4. CORP-CORP
With Corp-Corp, you are a standard contractor. You must be an S-Corp or an LLC,
which requires some paperwork and a couple hundred dollars to start. There are
minor legal hoops to jump through, such as filling your taxes quarterly.
You are paid monthly; your S-Corp or LLC invoices the agency, which generally
provides payment within 30 days. Unfortunately, this means you could go up to
60 days of work before receiving your first paycheck.
Taxes:
The consultant is responsible for all taxes. Due to tax liability, however, you
should expect a higher rate. This reflects the way in which the employer’s side of
social security and FICA are calculated.
5. CORP-CORP (CONTINUED)
Liability:
The contractor’s S-Corp or LLC is responsible for liability and liability
insurance.
Benefits:
As a business owner, you will have the ability to fashion your benefits package
however you would like. In some cases, young workers may find great deals on
individual health plans. In other cases, the ability to control the retirement plan
for your company will help to customize a plan that fits your financial goals.
As an example, in 2012, the SEP-IRA generally allows you to save $50,000 as a tax
deduction and the savings to grow tax deferred.
It is often argued that a corporation will also shield your personal assets from
lawsuits against the company. In practice, this varies widely from state-to-state.
6. 1099
Because of certain IRS regulations, few client companies will allow you to be a 1099 for
more than a few weeks. Historically, when 1099 consultants have failed to pay taxes, the
IRS has, at times, come after their employers and insisted that the employer owes the
tax liability.
Taxes:
No taxes are removed from your pay but the consultant is responsible for all taxes.
Liability:
You will likely need to get insurance to protect yourself from liability.
Benefits:
Since you are running a business with your 1099, you get many advantages of the corp-
to-corp relationship, including the ability to customize your retirement plan.
While the three types of tax relationships can be overwhelming, closely examine
each one. Determine what types of tax payments, liability and benefits are most
important to you. When you do so, you’ll easily figure out which tax relationship is
best for you.
7. RESOURCES
If you have more questions and could like more information, we’ve collected
these resources for you:
http://www.base36.com/2012/07/technical-consulting-taxes-w2-corp-corp-
1099/National
Internal Revenue Service:
IC or Employee: http://www.irs.gov/govt/fslg/article/0,,id=110344,00.html
Starting a Business:
http://www.irs.gov/businesses/small/article/0,,id=99336,00.html
Small Business and Self-Employed One-Stop Resource:
http://www.irs.gov/businesses/small/index.html
Small Business Administration:
http://www.sba.gov/
Startup Basics:
http://www.jamesserra.com/archive/2012/04/consultants-corp-to-corp-vs-
1099/