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A Story to Grow From: The Business Killed by a $27,000 Penalty

A Story to Grow From: The Business Killed by a $27,000 PenaltyRyan was deep in thought about what he was going to do now that his business was killed by the IRS penalty. Why had he not paid attention to his tax adviser when he told him about the tax law change about the medical reimbursement plan?

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Can You Use Independent Contractors?

Can your company hire an independent contractor?The following is the story of how one person came to an understanding of what an “Independent Contractor” is.

The morning sun was just warming the tops of the hills surrounding the lake as Ed dropped his line in the water and made himself comfortable in the deck chair. The light breeze was just enough to cause small waves to lap against the pontoons of the houseboat and give a rocking motion to the craft. Ed knew none of the others would be getting up any time soon.

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The Money Pump

This money pump represents the way you generate cash for your personal use. If you are an employee the outflow from the pump represents the cash generated for your employer from your efforts.

Your share is mostly represented as your wage. If the pump represents your business the outflow is the gross cash generated by the operations of the business.

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