Actually an ITIN is not legal for work purposes. They can only file taxes with an ITIN. If they work legally under an ITIN you have to classify them as a contractor. IF (big if) they file to pay taxes, then they would pay the self employment taxes of SS/Medicare. However ITINs do not count towards being eligible for these benefits, only self employed SSNs.
Social security only tracks earnings under an SSN.
Medicare benefits are based on 40 quarters, or 10 years, of working under an SSN.
No illegal should get Social Security or Medicare benefits.
Not all bookkeeping advice is good advice, and following the wrong tips can end up costing your business big time!
Here are some examples of bad advice you should avoid. When in doubt, consult a professional who knows how to keep your finances on track.
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Happy Thanksgiving! 🦃
Wishing everyone a day filled with good food, laughter, and the company of loved ones.
Enjoy the holiday and all the moments that make it special!
Let’s take a moment today to appreciate the little things and spread that joy.
What are you grateful for today?Let’s take a moment today to appreciate the little things and spread that joy.
What are you grateful for today?
With the holidays in full swing, it’s easy to get wrapped up in the sales rush. But while things are busy, don’t forget to keep an eye on your cash flow and expenses!
Tag a business friend who could use this reminder
For me - Thanksgiving is my FAVORITE holiday ever. Just a beautiful holiday to be around family and friends, enjoy some amazing comfort food, and not have an expectation of more.
The holiday season is here, and we want to know: Which holiday is your favorite?
Do you love Christmas, or Thanksgiving?
Drop your favorite in the comments!
Running a business is tough, but keeping up with your bookkeeping can be even tougher!
How many of these challenges are you facing?
If bookkeeping feels overwhelming, we’re here to help you every step of the way!
As the year comes to a close, it’s time to get those books in order!
But before you dive in, here are some common mistakes you’ll want to avoid.
Need help? We’ve got you covered.
Let’s take a moment to spread kindness today, big or small.
A kind word or gesture can go a long way in making someone’s day brighter!
Tag a friend who inspires you with their kindness!
Wishing all veterans a heartfelt Happy Veterans Day!
Thank you for your bravery, service, and sacrifice! Wishing all veterans a heartfelt Happy Veterans Day!
Thank you for your bravery, service, and sacrifice!
The holidays are fast approaching—here are a few tips to help you prepare.
And don’t forget—reach out to us if you have any bookkeeping questions or need support during the busy season!
Read our new blog post to understanding your financial statements is essential for making informed decisions and steering your business toward success.
https://t.co/5JJWXTtohQ