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Archive for the ‘Solo Benefits’ 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. ...

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 ...

Are You Stacking the Deck in Your Favor?

Thursday, September 11th, 2008

   Know Your Competition -- Twenty-five years ago I was an independent sales rep. I sold multi-line telephone systems to small businesses. It was a time when electronic telephones were first hitting the streets and the many so-called "private interconnect companies" were making a killing by selling, installing and maintaining the new gadgets. ...

Does Your Mutual Fund’s Manager Have Skin in the Game?

Wednesday, July 23rd, 2008

Misaligned Interests -- Imagine this. You own a chain of Mocha Joka coffee houses. One day, while visiting one of your shops, you observe Jack, the store manager, drinking from a Starbuck's coffee cup. You ask him what he is doing and he says that he never drinks Mocha Joka coffee, "Why," ...

Is Business Looking up for Independent Contractors?

Thursday, July 17th, 2008

Five Straight Months of Contract Labor Growth --  A recent article in the New York Times reports, "Despite modest job gains, June marked the fifth straight month in which small employers hired more independent contractors in order to reduce costs from payroll taxes and benefits." That is good news for solo professionals. SurePayroll, ...

Solo Saving for Retirement - Part II

Monday, July 7th, 2008

Tapping the Power of Compound Interest -- Isn't it interesting that so many of us tend to live as if we were immortal, but when it comes to retirement savings we act like we don't expect to live one day beyond the day we retire. Personally, I want to live a ...

Solo Saving for Retirement – Part I

Thursday, June 19th, 2008

 Some "Get It" and Some Don't -- Solo professionals - those individuals who work for themselves - are able to load their tax-deferred retirement accounts faster, and with more money, than can almost any corporate employee. So, how is it that so many solo professionals fail to take advantage of this generous ...

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