Something must be in the water. Hot on the heels of the IRS notice that they’re cracking down on companies that use independent contractors inappropriately, the federal Department of Labor is now going after unpaid internships that may violate minimum wage laws. From The New York Times: Convinced that many unpaid internships violate minimum wage … Read More
Businesses that use independent contractors (ICs) take note: The IRS is launching a program to examine 6000 randomly chosen businesses over the next three years to see if they have correctly classified workers as ICs or employees. The federal government expects to raise $7 billion over the next 10 years through tougher enforcement. In addition, … Read More
When I finished my book in January, I often fantasized about the unfettered downtime I would have when I finished the book. Well, it’s been a couple months and I’m finally getting there. I totally underestimated how much damn stuff I had been ignoring for all that time, and how long it would take me … Read More
Judging from the endless stream of articles and blog posts about how to get start-up funding, you’d think that start-up funding was the most pressing issue small start-ups face. But is it? According to a 2005 study (a few years old, true, but the most recent I’ve found looking at this exact question), Access to … Read More
Just finished my gross receipt tax filing last night—15 minutes past midnight, so I got socked with a late fee. Grrr. I’ll look on the bright side, though. I’ve had a solid system in place now for several years that makes it really easy to get this filing done. With correctly categorized income entries—including separate categories for income that’s subject to tax, tax collected, and income that’s not subject to tax at all—generating a report is simple.
The book is done! Well, it’s in production. Except for a couple graphic files. And one sidebar. Oh, and the acknowledgments. OK, I have a few small stragglers to hand off to my editor in the next few days—but really, for all intents and purposes I’m finally, finally done. It will take a while for me to get my brain wrapped around this.