Employee vs. Independent Contractor – Seven Tips for Business Owners
As a small business owner you may hire people as independent contractors or as employees. There are rules that will help you determine how to classify the people you hire. This will affect how much you pay in taxes, whether you need to withhold from your workers paychecks and what tax documents you need to file. (more…)
LeBron James announced his decision to leave Cleveland and play for Miami. He agreed to a lower salary than he commands in the league for an opportunity to “win now and in the future.” Obviously, LeBron felt that the chance to play with Dwyane Wade, Chris Bosh and others gave him the greatest chance to win and it was worth it to accept less money. Many fans, and not just Cleveland fans, have criticized LeBron for an apparent lack of loyalty or appreciation to the city of Cleveland and the Cavalier’s organization. I don’t think that anyone can doubt that the city embraced him has an incredible talent, and a giving person. His contributions to the city have also been well documented. I have heard many commentators state that this perceived lack loyal to the Cavaliers is without merit due to the impact he has had on the organization. I can’t speak to that. I’m not a professional sports analyst. I can say that I think there is some merit to that opinion. However, I’m curious about the idea of loyalty being a two-way street between the employer and the employee. (more…)
