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Taxes are an unavoidable responsibility of owning a business. There are all types of taxes. It is best to understand your tax responsibilities and plan for ways to pay only your fair share.

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"...the taxes are, indeed, very heavy; and, if those laid on by the government were the only ones we had to pay, we might easily discharge them; but we have many others, and much more grievous to some of us.  We are taxed twice as much by our idleness, three times as much by our pride, and four times as much by our folly; and from these taxes the commissioners can not ease or deliver us, by allowing an abatement." The Way to Wealth, by Benjamin Franklin

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Business : Business Taxes : Employee Tax
Independent Contractors vs. Employees
Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services.

 

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