“Employee” or “Independent Contractor?”
Early stage businesses have need for a wide range of services, but not always on a full-time or continuous basis. Using an independent contractor to outsource these services is perfectly legitimate. My services as part-time outsourced CFO is a case in point. However the decision to hire and classify a…
Home Office Deduction – Simplified Option
New Home Office Deduction Rules The home office deduction is one of the most under-utilized tax breaks available to taxpayers. If you use an area of your home regularly and exclusively for business, then you are eligible to deduct a portion of your housing costs. (And please note that you…
Are You Ready For Disaster?
Disaster Recovery and Business Continuity Planning Developing a formal “disaster plan” may seem like an empty exercise or a distraction when you are running full-speed to keep up with the day to day of your business. However, this thought process will prove immensely helpful if you ever face this challenge….