Independent Contractors—How to Classify Workers

Business Owner/Self Employed, Tax

If you hire contractors for your business, you should review the list of determining factors provided by the IRS to help you classify workers either as employees or independent contractors. When reviewing the checklist, the IRS will make its decision on the whole picture of the professional relationship, not just a single factor. For more information on classifying workers, read this C.P.A. Insight.

What’s In Your Money Market Fund?

Investment Selection

Money market funds often used for emergency reserves or short term cash needs. Money market funds are generally considered a safe investment; however, it is still important for an investor to know the underlying investments before a purchase is made. For a general description of some of the investments found in money market funds, read this Investment Whys.