140. Employee or Contractor? What you need to know about taxes & the IRS crackdown on proper classification
Description
In this episode of Keep More Money, Kimberly Tara, CPA, CTC addresses the challenges women business owners face with taxes and business finances while sharing her own experiences of balancing a growing business with family life. Kimberly discusses the critical differences between W2 employees and 1099 contractors, highlighting the tax implications and IRS rules associated with each. She emphasizes the importance of proactive tax strategy and proper classification to avoid costly mistakes. The episode aims to empower business owners and freelancers to take control of their financial decisions, minimize tax burdens, and build lasting wealth.
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Connect with Kimberly on Instagram: @kimberlytaracpa
United States
