by Doug Kook | May 20, 2019 | Financial Planning, Small Business, Tax, Uncategorized
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply...
by Doug Kook | Feb 18, 2019 | Financial Planning, Small Business, Tax, Uncategorized
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the IRS has been cracking down on LLC...