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  • articleWhat Is a Trade Secret? Definition and Examples

    …sell that trade secret. You’ll need a clear contract denoting the sale and the agreement around the sale. What happens if a trade secret is stolen? Theft or unlawful…

  • articleWhat Is a Tax Levy and How Do You Resolve It?

    …tax debt.  What are my rights if I receive a levy notice? In most cases, you have a right to appeal collection actions to the IRS Independent Office of Appeals…

  • articleMy Home-Based Business Is Being Audited: Now What?

    …t use the area claimed for anything else. Employees ineligible. Only independent contractors and businesses can claim the home office deduction. Inadequate documentation. Receipts or other documentation must substantiate the…

  • articleWhat to Look for in Your Franchise Agreement

    …just the right to use them. Relationship. The franchisee is always described as an independent contractor and not as an employee of the franchisor. Schedule. The agreement lays out the…

  • articleWhat Are Estimated Quarterly Tax Payments?

    …people subject to estimated quarterly tax payments include landlords, investors, self-employed individuals, independent contractors, and those who earn royalties. Conversely, typical income sources that are not subject to withholding…

  • articleWhat to Include in Your Consulting Agreement

    …client's employees. A statement that the relationship between the parties is that the consultant is an independent contractor and not the client's employee or partner. A statement describing…

  • articleStarting a Band: What You Need to Know from a Business POV

    …out a W-4 to withhold taxes from their paychecks.  They can be independent contractors . Independent contractors need to fill out a W-9 and pay their own taxes.  If you and…

  • articleDoes Your Business Owe Back Taxes? What to Do if You Cannot Pay Your Tax Liability

    …sole proprietor or independent contractor, the payment plans you have available are the same as those set for individual filers. Another way to look at it is if you file…

  • article1099 NEC vs. 1099 MISC

    …Miscellaneous Income. If you're a small business owner or independent contractor, what does this new IRS form mean for you? How to use form 1099-NEC The IRS relies…

  • articleDo-It-Yourself Contract? When to Call in the Pros

    …money is at stake, it makes sense to invest up front in legal advice. The contract is specific to your industry and you aren't sure what the customary contract…