Archive for General Business
Why Websites?
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Written July 2001 by Tom Umstattd, CPA. Why your business should get and use a website to promote its products and services. Having a website is a new way of reaching your targeted clients and customers. With today’s computer savvy economical climate, it is becoming more and more imperative that we have at least a minimal website for our businesses. So, what are some of the other reasons to use a website?
It is critical that whatever you are trying to accomplish, your website must be integrated into your sales and marketing strategy. Have your employees: sales people, receptionists, etc. frequently refer to your website to receive and deliver information about your business. They should be very familiar with what information is on the website, so there is more time for salesmanship, and less time spent reporting technical data to potential customers. While communicating with my clients and perspective customers, I find myself referring more and more to my websites, as well as other websites, while we talk on the phone. Listening to my voice while simultaneously looking at my website’s pictures, forms, contracts and the like is tremendously effective, facilitates the communication of difficult subjects, and saves lots of time.
Your marketing strategy must take into account the new and often-ignored characteristics of the World Wide Web, the technology behind it, and the attitudes of the public as they update to connect into this culture-changing phenomenon. Also more and more people are expecting savvy businesses to be on line. Advertisements everywhere include a website address. Perspective customers ask: “What’s your website?” Web presence alone could be the difference of making a sale or not. I think that sooner or later most businesses will have websites.
I frequently refer to my own websites, so that clients, perspective business associates, buyers, sellers, mortgage lenders, governmental bureaucrats, brokers, and yes, even friends, can quickly familiarize themselves with the technical qualifications, capabilities, services, products and experiences of my businesses. That way we can spend more time on the phone, at lunch, etc. negotiating the deal, connecting, winning favor, and best of all having a little fun together. I used to be obliged to render a pontification my credentials and accomplishments, running the risk of being interpreted as merely having an ego trip. Now I just refer to my website; and when they get enough, they do not have to be rude, but just click <back. |
Employee vs. Independent Contractor Classification
Posted by: | CommentsSO YOUR EMPLOYER MADE YOU AN INDEPENDENT CONTRACTOR AND DIDN’T PAY ANY FICA TAX:
HOW TO HAVE YOUR CAKE AND EAT IT TOO
by Robert Atkins Walker and Clifton L. Kling
I. Introduction
A. Purpose
Continuing controversy surrounds the employee versus independent contractor classification issue.1 To date, research on worker status has concentrated on the factors used by the courts and the IRS to determine whether workers are employees or self-employed independent contractors.2 Some research has addressed worker misclassification issues from the employer’s standpoint,3 but no article to our knowledge has specifically dealt with the misclassification issue from the employee’s perspective.4 We investigate the effects and remedies for misclassified employees because they typically are not in an advantageous or knowledgeable position to redress the misclassification.
We focus on four employee-related employment tax and benefit issues: (1) how misclassified workers may avoid paying any self-employment tax (SECA), (2) how they possibly may avoid paying the employee’s half of FICA tax as well, (3) how they may secure reclassification as employees through the help of the IRS – in recent years, about 90% of the Private Letter Rulings addressing the issue have classified workers as employees rather than independent contractors,5 and (4) how they may have their earnings record updated to obtain maximum Social Security benefits after retirement despite paying neither self-employment nor FICA tax on the misclassified earnings. The proper action for misclassified workers is to report their independent contractor earnings as wages and pay no self-employment tax. The following is an example of one such worker that one of the authors met during the writing of this article.