Saturday, January 15, 2011

Independent Contractor (Self-Employed) or Employee?

It is critical that you, the business owner, correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors. If you are an independent contractor and hire or subcontract work to others, you will want to review the information in this section to determine whether individuals you hire are independent contractors (subcontractors) or employees.

Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services. The person performing the services may be -

An independent contractor

An employee (common-law employee)

A statutory employee

A statutory nonemployee

In determining whether the person providing service is an employee or an independent contractor, all information that provides evidence of the degree of control and independence must be considered.

Common Law Rules

Facts that provide evidence of the degree of control and independence fall into three categories:

Behavioral: Does the company control or have the right to control what the worker does and how the worker does his or her job?

Financial: Are the business aspects of the worker’s job controlled by the payer? (these include things like how worker is paid, whether expenses are reimbursed, who provides tools/supplies, etc.)

Type of Relationship: Are there written contracts or employee type benefits (i.e. pension plan, insurance, vacation pay, etc.)? Will the relationship continue and is the work performed a key aspect of the business?

Businesses must weigh all these factors when determining whether a worker is an employee or independent contractor. Some factors may indicate that the worker is an employee, while other factors indicate that the worker is an independent contractor. There is no “magic” or set number of factors that “makes” the worker an employee or an independent contractor, and no one factor stands alone in making this determination. Also, factors which are relevant in one situation may not be relevant in another.

The keys are to look at the entire relationship, consider the degree or extent of the right to direct and control, and finally, to document each of the factors used in coming up with the determination.

Form SS-8

If, after reviewing the three categories of evidence, it is still unclear whether a worker is an employee or an independent contractor, Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding (PDF) can be filed with the IRS. The form may be filed by either the business or the worker. The IRS will review the facts and circumstances and officially determine the worker’s status.

Be aware that it can take at least six months to get a determination, but a business that continually hires the same types of workers to perform particular services may want to consider filing the Form SS-8 (PDF).

Employment Tax Obligations

Once a determination is made (whether by the business or by the IRS), the next step is filing the appropriate forms and paying the associated taxes.

Forms and associated taxes for independent contractors

Forms and associated taxes for employees

Misclassification of Employees

Consequences of Treating an Employee as an Independent Contractor

If you classify an employee as an independent contractor and you have no reasonable basis for doing so, you may be held liable for employment taxes for that worker (the relief provisions, discussed below, will not apply). See Internal Revenue Code section 3509 for more information.

Information copied from,,id=99921,00.html


Thursday, January 13, 2011

Nurse Registry or Nurse Staffing Agency Guide

This manual is the "HOW TO" of starting a nurse registry from step one.

This book will walk you through everything that you need to know about opening and running a Nurse Registry or Nurse Staffing Agency. From choosing a name, forming a business entity, to charging your clients and paying your nurses. Whether or not you are familiar with healthcare or a complete novice without prior business experience. Every step, from the planning phase to marketing and recruiting is meticulously laid out clearly and concisely, in a manner that is logical and easy to follow. We have included all the necessary forms and material that you need to get your business started as soon as possible

Friday, October 31, 2008

Nurse Agency Start up

Agency Owner Facts Sheet
Nature of the business
The company provides temporary nursing staff for healthcare facilities. It is usually operated out of a physical office, not a home office. The office is open during normal business hours and someone is on-call 24/7.
A temporary staffing service with 10 nurses working regularly is a multi-million dollar business. Persistence, hard work, and diligence are needed to start and grow a multi-million dollar business. Nurses have all these qualities.

Startup costs
Nursing agency startup costs are a minimum of $80,000 up to $100,000. The additional startup cost accounts for hiring an office staff and launching an effective advertising campaign. Those who are successful with the smaller investment tend to be nurses who are willing to do the work themselves, spend a lot of their personal time, and build the agency slowly. A funding base of $200,000 and up is needed to meet payroll while waiting for payment from the facilities.

Funding is available from factoring and funding companies.
The Internal Revenue Service (IRS) requires that personal and business expenses and equipment be held separately. Personal computers, software, printers, and other equipment and supplies used by the company can be purchased by the company from you. You can loan your company startup funds to purchase these items or rent them to your company. No personal business should be done on company computers or equipment.

Industry future
The future for this industry is good based on the shortage of nurses and the continuing increased demand for nurses forecasted in the future.

Earnings are unlimited and are based on the number of employees working in facilities under contract. Agencies quickly move into multi-million dollar earnings. Typically an agency gains the interest of an acquiring agency in one and one-half years and is worth from 1.2 to 3.2 million dollars.

The owner and operator of a temporary help service does not have to be a nurse or have any special nursing education. Some states require that a registered nurse work for the company either as an employee or consultant.
Business education is needed for nurses to understand the business aspects of being self-employed or a small business owner. The association provides this education customized for nurses. College and community business courses do not understand the nursing community. Advanced nursing courses do not teach self-employment and small business ventures.
Retrieved from on October 31 2008

Nurse Agency Start up Guide

Saturday, February 23, 2008

How To Create A Filing System

Things You’ll Need:
manila folders with tabs
hanging folders with tabs
a pen
a piece of paper
your stack of papers to be filed
filing cabinet
Step 1:Sort your papers. Makes a pile for bills from each company, a pile for health insurance, car insurance, bank statements, tax information, paystubs, credit card information, etc.
Step 2:Make a list of each category to be filed, including subcategories under those. For example: if you use one bank for your checking, savings and investments, you should make the category "Community Bank" and the subcategories "checking," "savings," and "investments."
Step 3:After you have made your list, you should create tabs for the hanging folders. On those tabs, write the category names, such as "Community Bank."
Step 4:On the manila folders (which will go in the hanging folders), write the subcategories, such as "checking," "savings," and "investments" on separate tabs.
Step 5:Alphabetize your files by category and put then in your filing cabinet.

Information from:

How To Start A Nurse Agency or Work As An Independent Nurse Contractor

Saturday, January 12, 2008

Life catches up

I slept through the alarm this morning. Good thing it was only a small fire.

How to get your business funded

Where to look for money

The process of looking for money must match the needs of the company. Where you look for money, and how you look for money, depends on your company and the kind of money you need. There is an enormous difference, for example, between a high-growth Internet-related company looking for second-round venture funding and a local retail store looking to finance a branch store. In the following sections of this article, I’ll talk more specifically about the types of investment and lending available.

Venture capital

The business of venture capital is frequently misunderstood. Many start-up companies resent venture capital companies for failing to invest in new ventures or risky ventures. People talk about venture capitalists as sharks—because of their supposedly predatory business practices—or sheep—because they supposedly think like a flock, all wanting the same kinds of deals.

This is not the case. The venture capital business is just that—a business, and the people we call venture capitalists are business people who are charged with investing other people’s money. They have a professional responsibility to reduce risk as much as possible. They should not take more risk than is absolutely necessary to produce the risk/return ratios that the sources of their capital ask of them.

Venture capital shouldn’t be thought of as a source of funding for any but a very few exceptional start-up businesses. Venture capital can’t afford to invest in start-ups unless there is a rare combination of product opportunity, market opportunity, and proven management. A venture capital investment has to have a reasonable chance of producing a tenfold increase in business value within three years. It needs to focus on newer products and markets that can reasonably project increasing sales by huge multiples over a short period of time. It needs to work with proven managers who have dealt with successful start-ups in the past.
If you are a potential venture capital investment, you probably know it already. You have management team members who have been through that already. You can convince yourself and a room full of intelligent people that your company can grow ten times over in three years.
If you have to ask whether your new company is a possible venture capital opportunity, it probably isn’t. People in new growth industries, multimedia communications, biotechnology, or the far reaches of high-technology products, generally know about venture capital and venture capital opportunities.

If you are looking for names and addresses of venture capitalists, you can look for the Resources links on Palo Alto Software’s website, These are updated regularly and are likely to have more specific information.
Otherwise, start with the Internet, with the net search engines. For example, you’ll get at least 50 venture capital firms when you search for “venture capital.”
The names and addresses of venture capitalists are also available in a couple of annual directories:
The Western Association of Venture Capitalists publishes an annual directory. This organization includes most of the California venture capitalists based in Menlo Park, CA, which is the headquarters of an amazing percentage of the nation’s venture capital companies.
Pratt’s Guide to Venture Capital Sources is an annual directory available online or in print format. It is also available from for $425 (prices may change) plus shipping.
“Sort-of” venture capital: angels and others
Venture capital is not the only source of investment for start-up businesses or small businesses. Many companies are financed by smaller investors in what is called “private placement.” For example, in some areas there are groups of potential investors who meet occasionally to hear proposals. There are also wealthy individuals who occasionally invest in new companies. In the lore of business start-ups, groups of investors are often referred to as “doctors and dentists,” and individual investors are often called “angels.” Many entrepreneurs turn to friends and family for investment.

Your next question of course is how to find the “doctors, dentists, and angels” that might want to invest in your business. Some government agencies, business development centers, business incubators, and similar organizations that will be tied into the investment communities in your area.
Turn first to the local Small Business Development Center (SBDC), which is most likely associated with your local community college, or the Small Business Administration (SBA) offices in your area.

You may want to try some secondary listing services and online sourcing businesses. I know the owners and operators of the American Venture Capital Exchange, and I know that they have been working to provide fair and respectful matching services between investors and companies needing investment. However, I haven’t actually used the service. I’ve just dealt with the people (they have occasionally included literature in Palo Alto Software product boxes). They offer an online database of financing sources and a forum to list businesses seeking financing. Their phone number is 650-494-3356, fax number is 765-449-1913; and email is

On my personal website,, I have listed several consultants with whom I’ve had dealings, including people I worked with while consulting for Apple Computers and other companies. For legal reasons, I have to insist that my recommendation is at your risk, not mine, and I can’t be responsible for third parties. I should also note that my recommendation has never and will never be sold for money or compensation of any kind, even in trade.
At your own risk, the following are some of the online services available through bulletin boards and similar sources. Deal with them carefully:
Venture Capital Resource Library at
Venture Capital Online at
Business Funding Directory at
The Capital Network, 3925 W. Braker Lane, Austin, TX 78759, Telephone (512) 305-0826.
Important: Be careful dealing with anyone who offers to help you find financing as a service for money. These are shark-infested waters. I am aware of some legitimate providers of business plan consulting, but legitimate providers are harder to find than the sharks.
Commercial lenders
Banks are even less likely than venture capitalists to invest in, or loan money to, start-up businesses. They are, however, the most likely source of financing for most small businesses.
Start-up entrepreneurs and small business owners are too quick to criticize banks for failing to finance new businesses. Banks are not supposed to invest in businesses, and are strictly limited in this respect by federal banking laws. The government prevents banks from investment in businesses because society, in general, doesn’t want banks taking savings from depositors and investing in risky business ventures; obviously when (and if) those business ventures fail, bank depositors’ money is at risk. Would you want your bank to invest in new businesses (other than your own, of course)?
Furthermore, banks should not loan money to start-up companies either, for many of the same reasons. Federal regulators want banks to keep money safe, in very conservative loans backed by solid collateral. Start-up businesses are not safe enough for bank regulators and they don’t have enough collateral.
Why then do I say that banks are the most likely source of small business financing? Because small business owners borrow from banks. A business that has been around for a few years generates enough stability and assets to serve as collateral. Banks commonly make loans to small businesses backed by the company’s inventory or accounts receivable. Normally there are formulas that determine how much can be loaned, depending on how much is in inventory and in accounts receivable.
A great deal of small business financing is accomplished through bank loans based on the business owner’s personal collateral, such as home ownership. Some would say that home equity is the greatest source of small business financing.
The Small Business Administration (SBA)
The SBA makes loans to small businesses and even to start-up businesses. SBA loans are almost always applied for and administered by local banks. You normally deal with a local bank throughout the process.
For start-up loans, the SBA will normally require that at least one third of the required capital be supplied by the new business owner. Furthermore, the rest of the amount must be guaranteed by reasonable business or personal assets.
The SBA works with “certified lenders,” which are banks. It takes a certified lender as little as one week to get approval from the SBA. If your own bank isn’t a certified lender, you should ask your banker to recommend a local bank that is.
Other lenders
Aside from standard bank loans, an established small business can also turn to accounts receivable specialists to borrow against its accounts receivables.
The most common accounts receivable financing is used to support cash flow when working capital is hung up in accounts receivable. For example, if your business sells to distributors that take 60 days to pay, and the outstanding invoices waiting for payment (but not late) come to $100,000, your company can probably borrow more than $50,000. Interest rates and fees may be relatively high, but this is still often a good source of small business financing. In most cases, the lender doesn’t take the risk of payment—if your customer doesn’t pay you, you have to pay the money back anyhow. These lenders will often review your debtors, and choose to finance some or all of the invoices outstanding.
Another related business practice is called factoring. So-called factors actually purchase obligations, so if a customer owes you $100,000 you can sell the related paperwork to the factor for some percentage of the total amount. In this case, the factor takes the risk of payment, so discounts are obviously quite steep. Ask your banker for additional information about factoring.
Friends and family funding
If I could make only one point with budding entrepreneurs, it would be that you should know what money you need, and understand that it is at risk. Don’t bet money you can’t afford to lose. Know how much you are betting.
I’ll always remember a talk I had with a man who had spent 15 years trying to make his sailboat manufacturing business work, achieving not much more than aging and more debt. “If I can tell you only one thing,” he said, “it is that you should never take money from friends and family. If you do, then you can never get out. Businesses sometimes fail, and you need to be able to close it down and walk away. I wasn’t able to do that.”
The story points out why the U.S. government securities laws discourage getting business investments from people who aren’t wealthy, sophisticated investors. They don’t fully understand how much risk there is. If your parents, siblings, good friends, cousins, and in-laws will invest in your business, they have paid you an enormous compliment. Please, in that case, make sure that you understand how easily this money can be lost, and that you make them understand as well.
Although you don’t want to rule out starting your company with investments from friends and family, don’t ignore some of the disadvantages. Go into this relationship with your eyes wide open.
Words of warning
Don’t take private placement, angels, friends and family as good sources of investment capital just because they are described here or taken seriously in some other source of information. Some investors are a good source of capital, and some aren’t. These less established sources of investment should be handled with extreme caution.
Never, NEVER spend somebody else’s money without first doing the legal work properly. Have the papers done by professionals, and make sure they’re signed.
Never, NEVER spend money that has been promised but not delivered. Often companies get investment commitments and contract for expenses, and then the investment falls through. Avoid turning to friends and family for investment. The worst possible time to not have the support of friends and family is when your business is in trouble. You risk losing friends, family, and your business at the same time.
Submitting a plan
The information you submit to investors depends a great deal on what your objective is. Sometimes you’ll submit a complete business plan, sometimes a Summary Memo. In most cases, even if you submit a short summary, you have to have the complete business plan ready to go as soon as the investors or lenders ask for it. If you’re looking for lease financing, receivables, or a bank loan, you’ll want to submit a loan support document to the lender.
When the search has provided you with a list of useful names, you can print your Summary Memo or loan support documents and send a copy to each of the investors, along with a brief cover letter
How To Get Your Business Funded By Tim Berry

Start A nurse Agency or Work As An Independent Nurse Contractor

Monday, November 26, 2007

Sites providing free website builders

Sites providing free website builders:

Raising Your Rank

One of the most important traffic sources your website can ever get is that from search engines. Although the traffic may not be amazing right off the bat, with a little work that can improve drastically and at no charge. Also, it is a proven fact that search engine traffic leads to sales more so than any other form of advertising.

So how can you raise your rank? There are a few easy steps: Choose a strong yet not to competitive keyword Many webmasters fail to realize the importance of choosing the proper keywords. In selecting yours, you want to make sure the market is not to overwhelming. For example, if you make a search on Google for "free files" you will see there are well over 300,000,000 results. With a competitive market like this, getting a top ranking is nearly impossible. This is why you must plan out your keywords for a less popular but still probable path.

Another common error is thinking by choosing some obscure keyword with only 100 results that it will be very easy to get the top ranking. However, what are the chances of a user actually searching for that obscure word. Make sure that a potential customer actually will be attempting to find that keyword.
Optimizing for your word(s) Perhaps one very important keyword optimization techniques is including it within both your title and Meta's. If you want a search engine to find your site as relevant as possible, it is extremely important that it be included in your title (towards the front), Meta description and Meta keyword list. However, the most essential location for the keyword placement is simply throughout your page. An optimum keyword density is about 1-5%, meaning, generally you want around 4% of all the words on your page to be your keyword. Any less and your "important" for that word will drop, any more and you may be dropped from engines due to spam.

The weight of words also matters. For example, if your keyword is in an H1 tag near the top of your page, most spiders will weight that heavier than regular text as it essentially illustrates a title that the pages article is about. Also important are bolding and on some algorithms underline/italic. However, spiders may also consider the overuse of these techniques spam as well so be careful. Keeping content fresh

Lastly, it is extremely important that you keep your content up to date and fresh. The more often you change your content, the more search engines will feel you are providing good resources instead of old outdated information. Also, how often you change your content reflects how often spiders reindex your site and in turn add new keywords to their database for your website. Generally, although not a direct SEO technique, fresh content = the god of all SEO techniques.
By Andrew Spiziri

Visit information working as an Independent Nurse Contractractor or Starting A Nurse Agency