MachoSpouse.com Awarded Site of Distinction Honor

MachoSpouse.com Awarded Site of Distinction Honor

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Image: – – Macho Spouse

 

VASoD2.jpgMachoSpouse.com has been added to the Veteran's Advantage “Sites of Distinction” honor roll!

A Site of Distinction is awarded after a special Veteran's Advantage review of excellence in content and design and a focus on the respect, recognition, and rewards of US Veterans, active duty military, and their families. Some of the more recognizable members of this honor roll are the Fisher House, USO, American Red Cross, and Tragedy Assistance Program for Survivors (TAPS).  It's humbling to be on this list.


So, what is Veteran's Advantage?  They are a national program that VetsAdv logo.jpgpartners with corporations who want to honor and thank all who serve. These partner companies show appreciation by providing preferred pricing on their goods and services everyday. You may have heard of some these companies: United, Foot Locker, Dell, Amtrack, Wendy's, Avis, Apple, Ford, HBO, Tmobile, and on and on and on. Yes, there is a fee, but they offer a free 30 day trial and their one-year family plans are only $29.97. They sent us a card last month and we're currently testing, we will report back as soon as we get enough data to write a solid review. However, at first glance, this looks like a pretty good deal. If you don't want to wait for our review, you can research these guys yourself at: VeteransAdvantage.com.

See also...

image for Video - Importance of Communication Part 3 - Talking Through A Deployment

Video - Importance of Communication Part 3 - Talking Through A Deployment

The third segment of a multi-part series examining the importance of communication within the military family. This video shares some advice on the importance of communicating BEFORE and DURING a deployment. Yes, talking about what you both want to talk about before a deployment begins is one of the most important conversations a military couple can have.

image for Contractor vs Employee

Contractor vs Employee

employee-contractor-300x270.jpgSo, you have a job offer and the employer offers you employment as either an independent contractor or an employee. You figure that since your wife is in the military, you don't need the insurance and your paycheck will be bigger without all that withholding taken out.

Life as a 1099'er

Ready to take that 1099? Not so fast. You might be in for a big shock at the end of the year. Here is a list of some of the hits you'll take.

• All the income taxes for each taxing entity will be due every quarter after your first year in business. A total of 90 percent must be paid by April 15 of the following year or there will be a penalty.

• You will have to pay the entire Social Security tax. That amounts to 15.3 percent on your first $113,700 and 2.9 percent over that amount. Employees get half that amount paid by their employer automatically. However, as a self-employed individual, you may deduct the half that an employer would have contributed.

• Independent contractors are not covered by non-discrimination laws, wage and hour protection, unemployment insurance, or pension and benefit protections that “real” employees receive.

• If you drive or run other equipment for the business that pays you, you won't be covered by the employer's insurance policy. Guess who that leaves?

What Makes an Employee

The basic issue in deciding whether a person is an employee or an independent contractor is the business's control over the work of the person. This sounds like a simple matter, but courts constantly are deluged with arguments about this issue.

If you're told when to come to work; if you don't provide your own equipment or supplies; and if you are paid in set increments such as hours or piecework, you are an employee, period. If they train you, you are an employee. The courts have made clear that just because the employer doesn't decide to use control, doesn't mean you are then an independent contractor. The crux of the matter is whether they have the right to do so. Read the IRS publication about the issue of contractors vs employees.

Making the Right Decision

Before you make any decisions, take some time to investigate and consider which category works best for you and your family. If you are leaning toward becoming an independent contractor, make sure you're prepared to save enough to cover your tax expenses and any additional costs like liability insurance.

Consider incorporating as a LLC to protect yourself and give you additional tax protection. It's a good idea to get the help of a paralegal, lawyer and tax specialist.

If you are considering becoming self-employed, be certain to read the IRS Bulletin Understanding Employment Taxes. This is a simple document that explains what the requirements are in everyday language.

This post was sponsored by the School of Firearms Technology from the Sonoran Desert Institute.



 

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