Discuss the primary tax consequences or tax deductions

Assignment Help Taxation
Reference no: EM13863997

Question:

Distinction Between Independent Contractors and Employees" Please respond to the following:

After reviewing the scenario, identify at least three (3) key benefits that you could negotiate with your employer or potential employer that could reduce your tax liability. Provide specific examples of such benefits.

Imagine that a potential employer has given you the opportunity to work as either an employee or an independent contractor. Identify at least three (3) pros and three (3) cons of each option.

Discuss the primary tax consequences or tax deductions of each classification that you believe provide the greatest opportunity to reduce your overall tax liability.

Provide support for your rationale

Verified Expert

Reference no: EM13863997

Questions Cloud

How bcbs is using analytics to improve their business : Write a paper that expands on the discussion as to how BCBS is using analytics to improve their business and save time and money. Address how they incorporated the software system into their daily business
How does the structure of dna : How does the structure of DNA (double helix) determine how the genetic information is passed on? How does the cell use the information contained in the DNA to construct proteins (transcription and translation)? How is gene expression regulated (give ..
A mitochondria in a multi cellular animal : How is a mitochondria in a plant different from a mitochondria in a multi cellular animal?
Water and proteins and everything is jiggling : Video 1 : https://www.youtube.com/watch?feature=player_embedded&v=wJyUtbn0O5Y  shows actin polymerizing. The cell seems very empty, and somehow the actin molecules seem to know to run right where they are needed. Really, a cell is crowded with water ..
Discuss the primary tax consequences or tax deductions : Discuss the primary tax consequences or tax deductions of each classification that you believe provide the greatest opportunity to reduce your overall tax liability.
What are the leader''s behaviors and characteristics? : What are the leader's behaviors and characteristics?
Determine the needs of the stakeholders : In developing your logic model, you must follow the following steps in order: Determine the needs of the stakeholders. Develop the desired outcomes. Determine the available inputs
Discovery of cells and microscopic organisms : Explain the role of the microscope in the discovery of cells and microscopic organisms.
What potential torts are demonstrated in the scenario : If an employer has an ethical obligation to take corrective or preventative action, to whom does that obligation extend and what should that obligation entail? Does the employer owe any ethical obligation to the employee in such situations? What po..

Reviews

Write a Review

Taxation Questions & Answers

  Determine your clients net capital gain or net capital loss

The company has experienced a reasonable trading year. They are deciding whether to pay out R248 000 in accumulated cash in the form of a dividend to shareholders or embark on a share repurchase campaign - Discuss whether Fred is a resident of Aust..

  Which of current tax policy impact on housing affordability

Which of the current tax policies impact on housing affordability; and Whether changing any of the specific tax laws that currently contribute to making housing less affordable is desirable.

  Income tax projectfactsvalerie lawson and clara norman are

income tax projectfactsvalerie lawson and clara norman are the sole equal shareholders in the corporation of lawson and

  Questiongeorge large and his wife marge large who live at

questiongeorge large and his wife marge large who live at 2000 lakeview drive cleveland ohio 49001 want you to prepare

  Leland manufacturing uses 10 units of part kj37 every month

leland manufacturing uses 10 units of part kj37 every month in the production of radar equipment. the accountant says

  Zhdanov inc forecasts that its free cash flow in coming

zhdanov inc. forecasts that its free cash flow in coming year i.e. at t 1 will be -10 million but its fcf at t 2 will

  Calculate the taxable income of durban dry distillers

Calculate the taxable income of Durban Dry Distillers Ltd for the year of assessment ended 31 December 2009. Your calculation should start with profit before tax amounting to R5 million.

  What is tax efficient financial planning

Your managing director asks if you can participate in a seminar that the firm is doing on Tax Efficient Financial Planning. He would like you to send him the various methods clients often use to reduce taxes.

  Explain internal control system

Existing internal control system over cash admission fees.

  Consider that an initial price for an item is 500 and the

consider that an initial price for an item is 5.00 and the quantity demanded is 350 units per week. when price is

  Solve the tax queries

You are a tax manager in an accounting firm, and you have received some tax queries from one of your main clients

  Brian bradley a schedule year taxpayer purchased 1000

brian bradley a schedule year taxpayer purchased 1000 shares of newton corp. on 23rd october 2011 for 15000. he sold

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd