Employee vs Contractor – which is the right classification?

Employee vs Contractor – which is the right classification?

Employee vs Contractor – which is the right classification? As a business owner, you may be managing a few special projects that may require hiring an expert. Many situations, employers classify contractors as employees and vice versa without understanding the primary criteria that the Internal revenue service uses to distinguish employees vs independent contractors. So,Read more about Employee vs Contractor – which is the right classification?[…]

IRAs-Individual Vs Roth IRA and how they can help you save taxes?

IRAs-Individual Vs Roth IRA and how they can help you save taxes?

Individual Retirement  Arrangements (IRA) An IRA account is a tax-favored personal savings arrangement for your retirement. There are two popular types of IRAs, traditional and Roth IRA. An IRA can be set up with the bank or any financial institution. Traditional IRAs The contribution limits to IRAs for those under the age of 50  inRead more about IRAs-Individual Vs Roth IRA and how they can help you save taxes?[…]

Part 2 : What is a 401k Plan and how you can save taxes by contributing to a 401K Plan?

Part 2 : What is a 401k Plan and how you can save taxes by contributing to a 401K Plan?

Part 2 : What is a 401k Plan and how you can save taxes by contributing to a 401K Plan?   Roth 401 k Contributions : Many employers offer Roth 401 (k) contributions that you can contribute. With the Roth 401 (k) contributions, all funds grow tax-free. Also, you get to take all withdrawals tax-freeRead more about Part 2 : What is a 401k Plan and how you can save taxes by contributing to a 401K Plan?[…]