Ads
related to: independent contractor business credit card
Search results
Results from the WOW.Com Content Network
Like most employees, the taxes for an independent contractor are typically due on April 15 of each year. The independent contractor files a Form 1040, just like an employee. However, there is a ...
Form 1099-K, 2015. In the United States, Form 1099-K "Payment Card and Third Party Network Transactions" is a variant of Form 1099 used to report payments received through reportable payment card transactions (such as debit, credit, or stored-value cards) and/or settlement of third-party payment network transactions. [1]
Businesses have credit scores just like individuals do, and in some cases, lenders will report small business credit card activity to both the business credit bureaus and the personal credit ...
Since the card doesn't cost your business anything, getting and keeping a no-annual-fee card open is a great way to build business credit. You won't need to worry about finding ways to offset the ...
Current proposals [6] to the regulations include tax withholding on payments to independent contractors, a requirement for credit card companies to report to the IRS the gross receipts for businesses that accept their cards, and the elimination of corporate exemption to 1099 reporting.
The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...
Ads
related to: independent contractor business credit card