Small businesses are the backbone of local economies — creating jobs, fostering creativity and supporting community growth. The nature of these businesses is frequently adapting to consumers’ needs.

It can be the case that companies are operating under an inferior business classification — an issue that’s more common than many would think. “They might have chosen a classification as a startup ...

On January 9, 2024, the U.S. Department of Labor (“DOL”) published its final rule defining the term “independent contractor” and setting forth the new test for determining independent contractor / ...

A lot of attention has been paid to the tax increases that are part of the Democratic-backed Inflation Reduction Act that’s making its way through Congress. And while these increases are concerning to ...

Dana Miranda is a Certified Educator in Personal Finance, creator of the Healthy Rich newsletter and author of You Don't Need a Budget: Stop Worrying about Debt, Spend without Shame, and Manage Money ...

The structure of your business influences everything from taxes to day-to-day operations. Browse Investopedia’s expert written library to learn about sole proprietorships, LLCs, S-Corp, C-Corp, and ...

The key to an accurate and timely review is requesting the correct process and providing the appropriate supporting documentation. The following Classification & Compensation Guide provides direction ...