Month: January 2021

This post was originally published on Feb. 5, 2015, and was updated on April 2, 2018, March 27, 2019, Feb. 5, 2020 and Jan 29, 2021.

The above content should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

If you’ve worked as an independent contractor during 2020, a Form 1099-NEC should have landed in your mailbox or inbox around the end of January. The 1099-NEC, Nonemployee Income, is an informational form that U.S. businesses are required to send to people they paid more than $600 for services during the last calendar year.

According to the IRS:

• You do not necessarily have to have a business for payments for your services to be reported on Form 1099-NEC. You may simply perform services as a non-employee.
• The payer has determined that an employer-employee relationship does not exist

Is it true that mixing love and business is not a very good idea?

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Emaad Paracha operates Abstract Hub, a digital agency with offices in Toronto and Karachi that handles everything from web design to AI. You can catch up with him on Instagram, Facebook and LinkedIn.

The who:

Given a business name is so central to a brand, we tend to put a lot of importance on it. How did you arrive at a name, and how do you feel about it now that you’ve been in business a while?

This was probably one of the hardest parts of the initial setup of the business. We needed to pick a name that can resonate well with clients and us alike, not be too restrictive, and remain future proof to changes in the business. After considerable thought, we went with Abstract Hub, a name that, as the name suggests itself, can be abstracted to multiple domains. It isn’t too short or … Read more

The current manager of the Bank for International Settlements, ensures that central banks must control Bitcoin and all digital money.

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Many people are inclined to stay inside when temperatures drop, and to be fair, there’s no shortage of entertaining indoor winter activities. But if you’re wondering what to do on a snow day, the great outdoors has plenty to offer. In fact, there are several mental and physical benefits to spending time outside during the colder months. Exposure to the sun can improve your mood and the Vitamin D your body absorbs helps fight off diseases.[1] So bundle up and safely enjoy the cold with one of these outdoor activities.

1. Visit a hot spring

The water of a hot spring is substantially higher than the air temperature of the surrounding region,[2] and perfect to thaw your cold body over the winter. Soaking in a hot spring is a warm and relaxing experience, but this getaway may require some advance planning. Most hot springs are out West … Read more