Obtaining the funds to start or expand a small business doesn’t always come easy. If your family member can’t secure a loan from a commercial lender, you may be willing to help out by lending them the money yourself — but should you? Before handing over the cash, here are some best practices to consider: […]
Archives for September 2020
Employee vs. Independent Contractor — Why Worker Classification Matters
Should a worker be treated as an employee or an independent contractor? There are legal differences between the two — and major tax distinctions as well. For an employee, a business must generally withhold income and FICA (Social Security and Medicare) taxes from the employee’s pay and remit those taxes to the government. In contrast, […]