Differentiating Between a 1099 Contractor and an Employee in New York State

Differentiating Between a 1099 Contractor and an Employee
Paying individuals as 1099 Contractors rather than employees is most commonly due to employers misunderstanding the difference between the two. Both the New York State Department of Labor (“NYSDOL”) and the Internal Revenue Service offer specific guidelines for qualifying a worker as a 1099 Contractor. 

Couldn't Get A Loan In '09? Try Again In '10

Of the 2,114 business owners surveyed in February of 2010 by the National Federation of Independent Business, close to 90 percent said they were able to achieve their borrowing needs. For anyone who was unable to obtain an SBA loan, it looks like a source of lending that has remained stagnant since the beginning of the economic crisis is providing help to those who need it most. That's right; banks are ramping up efforts to lend money to start-ups, small businesses and entrepeneurs.

Free Benefits for your Employees?!?!

I recently reviewed my employees benefits options with my long time friend and insurance broker James Harvey of Oberlander Dorfman.

SBA ARC loan $35,000 Stimulus - America's Recovery Act

To our valued clients:

How to hire a bookkeeper - Part III - Experience

Experience –Second to education when choosing a bookkeeper is experience. There are two things to look for when reviewing a candidate’s experience:

How to hire a bookkeeper - Part II - Education

Education, education, education – One of the first things I look for when qualifying a candidate is their educational background. Accounting principles are not easily learned, I have found that candidates who lack formal education in basic to intermediate accounting have a hard time grasping the complete “picture” that is necessary to be a competent bookkeeper.

How to hire a bookkeeper - Part I - Introduction

Over the years I have had new clients come to me in complete despair. They may have gone through several bookkeepers, and their books are now a terrible mess. They may have had a bookkeeper commit fraudulent acts, sometimes over a period of many years undiscovered by the business owner or the accountant. They may very well just be a new business owner who doesn’t want anything at all to do with the financial aspect of their business other than getting the information they need to make valuable decisions.

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