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Archive for the ‘Solo vs. Employee’ Category

401(k) Plans: Solo W-2, Inc. vs. IBM

Wednesday, July 15th, 2009

IBM's "Gold Standard" is Not Enough -- I am always amazed when I read reports of how this big company or that big company has a particularly great retirement plan. Why? Because no big company -- I repeat, NO BIG COMPANY -- has a retirement plan that comes even close to being great. Companies simply ...

Man Bites Dog: Reverse Misclassification

Thursday, June 25th, 2009

The Old Worker-Status Horror Story -- In the hackneyed "dog-bites-man" version of the old worker-status horror story, a court of law reclassifies a company's contract workers as regular employees. The court then orders the company to pay hundreds of thousands of dollars in back taxes, penalties and interest to the government. ...

The Size of Staffing Agency Overcharges

Monday, May 18th, 2009

There Ought to be a Law -- A reader of an earlier blog entry asked, "Can billing rate disclosure be enforced by law? Is there a way to promote change legally?" Yes, there is a way to promote change legally. State or federal legislators can pass laws requiring staffing agencies to disclose the ...

You are Not Unemployed, Sir. You are Self-employed.

Friday, May 8th, 2009

Statistics Breakthrough by Canadian Agency Statistics Canada is the official government agency that "produces statistics that help Canadians better understand their country — its population, resources, economy, society and culture." In addition to conducting a census every five years, Statistics Canada conducts about 350 active surveys on virtually all aspects of Canadian ...

Talent Agents and Sports Agents Charge Much Less Than Staffing Agencies

Thursday, May 7th, 2009

Temporary Help Agencies are Very Expensive -- Let's say that you are an independent professional and you work on temporary projects under the terms of a contract that you negotiate and sign with your clients. Let's say also that you bill $100 per hour for your consulting services. You are an independent ...

Good News, Bad News

Thursday, April 30th, 2009

Leading Indicators -- I recall hearing a pundit explain that a rally in the stock market typically leads a rally in the general economy by about six months, and an up-tic in the general economy leads an increase in hiring by another six months. So, if you are unemployed, a rise ...

Forward to the Past — The Fall of Traditional Employment and the Rise of Contingent Work

Thursday, March 12th, 2009

Where Are the Tech Jobs in the USA? Chances are, they are not in Silicon Valley! Yep, that's right. If you are an independent professional in the tech industry, your best bet to land work is in the Washington D.C.  or New York City metropolitan areas. According to the most recent monthly ...

Solo W-2, Inc. Could Have Saved Timothy Geithner

Friday, January 16th, 2009

Oops! There is no doubt that Timothy Geithner, who runs the New York Federal Reserve bank, is a bright man. After all, that is why President elect Barack Obama has nominated him to be the next Secretary of the Treasury of the United States. And, no one will argue that Geithner ...

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