Articles for tag: Independent Contractors, Schedule C, Self Employment, Self Employment Tax

Karla News

Pet Sitting Contracts

Pet sitting contracts are an absolute must if you are going to own and operate a professional pet sitting business. If you are going to provide dog walking and animal boarding you need a pet sitting contract to protect you and your clients. Your clients will expect for you to have a contract that clearly ...

Karla News

How Does the IRS Define an Employee?

Most dictionaries define an employee as an individual who works for another person, or for a business, and receives payment. Oh if it was only that simple. The IRS further defines the relationship between an employer, or payer, and an employee, or payee. Before employers know how to treat payments made to individuals performing a ...

Karla News

Basic Taxation for the Independent Contractor

An independent contractor is considered a self employed individual, and income earned by an independent contractor is considered self-employment income. “Self-employment income is income that arises from the performance of personal services, but which cannot be classified as wages because an employer-employee relationship does not exist between the payer and the payee” (Self-Employment Tax). Self-Employment ...