Self employed people in the United States feel differently when it comes to having to shrug out hard earned cash in the form of taxes. Self employed individuals have to pay as much tax as an employer and an employee combined – so much for helping the unemployment scenario in the country! This is a [...]
There is no strict definition of self employment as opposed to not being self employed however the basic rule is if you have income other than is taxed under the paye system then you may be self employed. If this income is irregular and not part of an ongoing business then you are probably not [...]
In November 2009, the IRS launched a new National Research Program Initiative (the Initiative): an industry wide detailed random audit of employment taxes for 6,000 businesses over the course of the next three years. The purpose of the Initiative is two fold: (1) assess systemic employment tax compliance; and (2) collect assessments from delinquent employers. [...]
