Problem: When using a contract employee, a company never knows whether the IRS will later investigate and determine that the "contract employee" is actually a full-time employee, subjecting the company to significant tax penalties. Solution: Provide clear guidance, from the IRS, as to what is permissible under contract employee regulations. Make this guidance carry the weight of precedent, in any investigative action.... more »
Problem: We defer / allow forbearance for college loans and guarantee home loans but there is no similar avenue for someone to invest in their own small business.
Solution: Allow deferrals or tax exemptions to help with access to our own capital.