Are all unemployed workers with an idea considered an entrepreneur?
What makes an entrepreneur?
Many citizens are taking up the call to become entrepreneurs. They may have training for a particular skill that works well as a contract position. Maybe they have an idea for a service or product that they are trying to market and garner interest in. In any case there is one thing for sure. The rules for the self employed are very different than those for the “employed by others” group. One such difference that conerns me with the current state of the union is the Tax difference. How many of these new entrepreneurs will be able to follow all of the tax laws to the letter and properly file their taxes next year? How many of them currently are doing nothing to account for the money they make while they are unemployedepreneurs? How many are taking cash as payments that they don’t plan on claiming on their taxes? Finally, how many are making money now, but continue to collect unemployment? All of these are very real questions with no clear answer other than that with the large army of new presidents and CEO’s, its going to take an even larger army to do the auditing. Even then, what is going to happen when the government tries to collect tax money this time next year, and there isnt any?
I realize I have tons of questions. Hopefully I will be able to answer some, or feel free to leave comments with links to let me know what is out there to protect the government, and to help those wanting to go out on their own.
