One of the most common and costly payroll compliance mistakes employers make is misclassifying workers. As businesses grow, roles evolve, and flexible work arrangements increase, the line between employee and independent contractor can feel blurry. That is why a...
Employers are generally required to withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. Alternatively, employers are not generally required to withhold or pay any taxes on payments to...
According to IRS guidelines, it is possible to have a W-2 employee who also performs work as a 1099 independent contractor so long as the individual is performing completely different duties that would qualify them as an independent contractor. Some legitimate...