The Importance of Military Spouse Careers

The Importance of Military Spouse Careers

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Image: – – Macho Spouse

 

Here is a commentary you should check out on Military.com. It's from Deanie Dempsey, wife of Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff.

Military.com

America will need the strength of its military families more than ever in the coming months and years. As we approach the second anniversary of a massive campaign to help veterans find jobs, Hiring our Heroes has been a godsend to those who care about our country's future. But helping military spouses plan careers is equally important to our country and our military in the long run.

More than one million servicemembers will leave the military in the next five years. With this drawdown, and ongoing budget cut discussion, it's fair to say that our military families are in a state of high uncertainty, even for our community. Decisions are currently being made that will not only affect the size and scope of our military, but the health and readiness of those who stay.

The past 10 years have stretched our military families thin. There is no need to recount the effects of multiple deployments and the general stress of war on us all. Many of our families who have lived through the struggles have turned their strife into strength.

The "it takes a village" culture permeates our military community in extensive ways. Military spouses volunteer on and off installations at more than three times the national average. Drive down any street on any installation in the U.S. and you will find families covering child care and moving furniture for neighbors, providing both a helping hand and a shoulder to lean on.


Read more: Military.com

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image for Marine Corps Considers Allowing Homesteading - Is the PCS Going Away?

Marine Corps Considers Allowing Homesteading - Is the PCS Going Away?

As a military spouse, it's hard for me to miss all of the talk on the news about the Federal Government looking for things to cut from the budget. The buzz around my very small military circle of friends has included mentions of "budget cuts" since the beginning of this year. I can think of many different ways the military can save money and I was happy to see a story about the Marine Corps considering one of my ideas - "homesteading."

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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.