Brands Retreat

Indices closed in the red zone on Friday. JPMorgan Chase, Bank of America and Intel led decliners. Brands took a breather amid news of credit downgrades for France, Italy and Spain.
Tax Strategist: Independent Contractor vs. Employee Status: A New Focus of the IRS

If you are a small-business owner, whether you hire people as independent contractors or as employees will affect the amount of taxes you withhold from their paychecks, as well as how much and what types of taxes you pay. Read this Tax Strategist for more.