The IRS encourages all businesses and business owners to know the rules when it comes to classifying a worker as an employee or an independent contractor. An employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid to an employee. Employers normally do not have to withhold or pay any taxes on payments to independent contractors. Here are two key points for small business owners to keep in mind when it comes to classifying workers: 1. Control. The relationship between a worker and a business is important. If the business controls what work is accomplished and directs how it is done, it exerts behavioral control. If the business … [Read more...]
How to Properly Balance Work & Personal Life
Whether you are a CEO of a Fortune 500 company or running a small local business, balancing your work and your personal life is a common obstacle. Long to-do lists, constant phone calls, full email inboxes can happen to the best of us. Even when it seems like establishing a work-life balance seems impossible, these following 5 steps will help you get back on track. #1: Prioritize Daily #2: Practice Saying No #3: Delegate Wisely #4: Separate Work from Home #5: Make Gradual Changes Read more from this article on how these 5 steps can help you establish work-life balance. … [Read more...]
Stress and How Successful People Overcome It
Anxiety is a pivotal emotion that we all experience. When our bodies are put into stressful situations, our performance levels peak and we can perform better. However, not everyone is capable to handling stress the same way. If you find yourself in a stressful situation and feel your performance will take a hit, follow these 5 steps to regain control over your emotions. Stress rears its ugly head on daily basis, but it is how you respond to “that stress” that matters most. … [Read more...]
Lifelong Learning is Imperative for a Lifetime of Success
The world is ever-changing. Markets and segments evolve year after year. Expanding your mind is a key factor to your success. "An often overlooked yet simple way to improve is to increase your knowledge by being a self-starter." It is important to be an active listener so you can be a lifetime learner. Check out this article on Entrepreneur’s website to learn why we should all strive to be lifelong learners. … [Read more...]