Archive for October, 2009
The Costs of Taking Credit Cards
October 26th, 2009
Figuring out the best deal on credit card processing takes some effort and they don’t make it easy. There are only a handful of credit card processors, but there are thousands of companies (including your bank) selling the service. They usually base the rate on your average ticket amount and average monthly total amount. It is difficult to compare costs because some use the tier method, others use cost plus. The best deal for the merchant (you) is usually the cost plus method.
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Tags: Employee or Independent Contractor?
October 26th, 2009
More and more individuals are working as freelancers and independent contractors these days—and the IRS is not particularly happy with that.
The problem is that it is sometimes difficult to determine whether an individual is an employee or an independent contractor—and this can lead to disputes with the IRS. Regardless of what label you put on a relationship, the key issue as far as taxes are concerned is control—the more control a company has over the work, the greater the chance the worker should be classified as an employee instead of an independent contractor.
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