TOP DRAWER INK NEWSLETTER
Here's the latest issue of Top Drawer Ink, the newsletter written by author HL Carpenter that's chock full of humor and common sense information.
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January 9, 2010
Volume 8, Number 1
ISSN 1554-6330
In this issue:
1. Carpenter Country Essay
2. Top Drawer Article
3. Top Drawer Tips
4. Top Drawer Satire
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CARPENTER COUNTRY
What's Happening in Our Neck of the Human Experience
Hoo-hah! The holidays are over. Some of us are glad. Some of us are sad. And some may have ignored the 'shop till you drop, dine till you whine' days entirely.
Whatever category you fall into, here's hoping you all made it through – and now it's on to other exciting activities like the latest fad, which according to the newspapers is – running barefoot.
When Carpenter Country's short one read the reasons going shoeless was a good thing, her first thought was: Twenty-ten will be the year for broken toes, cut feet, stone bruises and, yuck, ringworm, should the runner step into any strange, unexplainable masses.
That made her wonder if this craze, which is already receiving a lot of hype and could catch on like wildfire, was being promoted by band-aid companies and drug firms.
It seems like every time there's a need to push a product, the propaganda machine swings into high gear. Think pomegranates. Who ever heard of pomegranates? But there must have been a bumper crop one year and suddenly the juicy red fruit was the health fad of the century.
So it will probably be with barefoot running ... at least until hospital emergency rooms and doctors who treat banged up tootsies become overwhelmed and start complaining. Then it will be on to another amazing rage.
As for going shoe-free, the short one's been there, done that and unless she's at the beach sliding her bare feet through the sand, she's staying out of this parade.
Hopefully the next flavor of the week will be something really new.
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TOP DRAWER ARTICLE
Independent Contractor - or Employee?
byHL Carpenter
As the economy begins looking up, you realize you need some help in your business. Instead of hiring an employee and incurring FICA, Medicare and unemployment taxes, you're thinking of paying the new person as an independent contractor. But is that truly the right classification for your worker?
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This information should not be considered legal, investment or tax advice. Top Drawer
Ink Corp. does not provide legal, investment or tax advice. Always
consult your legal, investment and/or tax advisor regarding your
personal situation. |
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TOP DRAWER TIPS
Topics and Tidbits
Tip:
In the past, the IRS used a "Twenty Factor Test" to determine
whether workers were employees or independent contractors. Those factors
have been condensed into three categories (behavioral control, financial
control, and relationship), consisting of eleven tests. You can find a discussion
of the categories and questions at the IRS web site. Look for Publication
15-A, Employer's Supplemental Tax Guide.
Glossary
Term: Common law rules. Law arising from court decisions
rather than statute. The term 'independent contractor' is not defined in
the Internal Revenue Code, so in cases of disputes, common law rules are
used to determine the status of workers.
Financial
Horoscope: No matter if you're an employee or business owner,
you work hard. Give yourself some credit during January, National Human
Resource Month, by celebrating your accomplishments. Just be careful not
to go overboard with your celebrations, since January is also host to Peculiar
People Day.
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TOP DRAWER SATIRE
Connecting the Dots
byHL Carpenter
Looking for a job? Here's a tip: The US government is actively seeking Dot Connectors, a career civil service position with the potential for explosive growth.
Click here to read the rest of this satire
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HL Carpenter, an experienced investor and a CPA, specializes in reader friendly financial and tax topics for individuals and small businesses, and publishes Top Drawer Ink, a newsletter that's chock full of humor and common sense information.
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Last update: January 23, 2010
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