Last week, we addressed how Collabrus helps clients determine the proper classification for projects and consultants. If you recall, when our example CPA had four corporate clients, plus several friends and family clients for year-end income tax service, she was considered an independent contractor (IC). However, when she converted to a single, full-time corporate client, even [...]
At Collabrus, we review working relationships and help clients determine the proper classification for projects and consultants: independent contractor (IC) or employee? If the consultants are ICs, we file the necessary reporting forms. If they are employees, we can put them on our temporary employee payroll and provide a full-range of benefits and protections. We [...]
It’s time to file taxes, and there are special advantages and special requirements if you’re an independent contractor (IC). An IC is a small business by definition, and as a small business enjoys tax breaks in the form of deductions for expenses employees do not. Deducting business expenses before you pay taxes ICs are entitled [...]
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