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You've purchased a some graphics for your business from the great freelance designers at 99designs; the cost is a deductible business expense.
99designs' freelance artists are a contracted labor force working on your behalf (technically [...]
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Posted by: Paul O'Brien, February 15, 2010
Business owners get stressed over where to properly categorize expenses, when most of the time it does not matter.
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Posted by: Wray Rives, February 11, 2010
The deadlines for sending 1099’s to contractors and the IRS can get a little confusing. Use this post to mark your calendars and never worry about 1099 deadlines again! And, of course, never forget that Outright has you covered when it comes to collecting form W-9 from contractors and filing your 1099’s on time.
February 1, [...]
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Posted by: Jennifer Escalona, February 5, 2010
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1099’s were due to contractors on February 1st and are due to the IRS by March 1st when paper filing and March 31st when e-filing. We’ve mined our team of experts at the Outright Community to find the most common 1099-related mistakes and how you can prevent them. (Or, oops, rectify them!)
It’s February 3rd. What [...]
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Posted by: Jennifer Escalona, February 3, 2010
IRS form W-9, also known as the Request for Taxpayer Identification Number and Certification, is used to request information for tax reporting in the US. W-9 is used for just about any person you pay money to, except for employees. You should ask for a W-9 from independent contractors, vendors or other service providers. The form [...]
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Posted by: Wray Rives, November 15, 2009
Our tour of the country is off to a tremendous start with the San Francisco and Los Angeles Unintentional Entrepreneur meetups behind us.
Kevin Reeth, kicked us off with an overview of the financial fundamentals of being self employed.
"As a Business Owner you must… Generate your own income, fund your expenses, contribute to Social Security and [...]
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Posted by: Paul O'Brien, July 24, 2009