Posted on September 24, 2007
Filed Under Business, Retirement, Small Business, self employed | Leave a Comment
Being self employed is about more than just sticking it to the man. You are your own boss. You have the freedom to take control of your business, make the decisions, and ensure the safety of your own future. This article, spanning several parts, will give you the down and dirty details on each of the options that you have for retirement.
SEP-IRA
Short for Simplified Employee Pension Individual Retirement Account, a SEP-IRA is a simple alternative that is treated much like a regular IRA, but has advantages over some of the other options.
Continue reading Retirement Options for Self Employed Part 1 - SEP IRA
Posted on September 14, 2007
Filed Under Business, Small Business, Taxes | Leave a Comment
Over the past couple of years I have noticed a trend where I see employees who think that they are independent contractors and vice versa. In order to [hopefully] prevent further confusion I have compiled the 20 guidelines that the IRS uses to distinguish between an employee and an independent contractor. Regardless of the agreement — written or not — you have worked out with your employer or client these guidelines will determine whether you are classified as an employee or contractor.
Continue reading Are You an Independent Contractor or Employee?
Posted on August 9, 2007
Filed Under Business, Finance, Insurance | Leave a Comment
COBRA
COBRA stands for Consolidated Omnibus Budget Reconciliation Act. But what does that mean?
Simply put, COBRA says that if you have employer-provided health care and lose your job (you’re fired, you quit, etc…) your employer must continue to offer you health care for 18 months (in most cases. Some cases have gone as long as 36 months.)
Continue reading Insurance - What is COBRA?
