
Employee or Independent Contractor – A Primer for Employers and Employees
Employees, Self-EmploymentArticle Highlights:
Distinguishing Employee and Independent Contractor
State Legislation
Federal Guidelines
Partners
Advantages of Independent Contractor Status
Form SS-8
SE Tax
Form 8919
Penalties for Misclassifying…

New Employee Onboarding Best Practices: Factors to Consider for Success
Business Development, EmployeesAccording to one recent study, replacing an employee who has left your business can cost between 50% to 60% of that person's salary. This is why it's virtually always more expensive to hire a new person than it is to simply retain one of your…

Employer-Offered Benefits That Can Save You Money and Taxes
Employees, TaxesArticle Highlights:
Health Insurance
Retirement Plans
Special Rule for Military Spouses
Qualified Transportation Fringe Benefits
Flexible Spending Accounts (FSAs)
Group Term Life Insurance
Qualified Employee Discounts
…

How Employee Stock Options Are Taxed
Employees, StocksArticle Highlights:
Non-statutory Option
Wage Income
Statutory (Incentive) Options
Capital Gains
Alternative Minimum Tax
Many companies, as an incentive to employees to help grow the companies’ market value, will offer…

Employers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit
Employees, Tax CreditsArticle Highlights:
Potential Credit
Eligible Employees
Credit Determination
Certification Process
Other Issues
The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and…

Employer’s Pension Startup Credit Substantially Increased
Business, EmployeesOn December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…

Is It Time for a Payroll Tax Checkup?
Business, Employees, TaxesWas your 2018 federal tax refund less than normal, or – worse yet – did you actually owe tax despite usually getting a refund? If so, this was primarily due to the last-minute passage of the Tax Cuts and Jobs Act at the end of 2017. Because…

Employee Stock Options Can be Taxing
Employees, Stocks, TaxesIf you are an employee of a corporation, as an incentive to continue employment, the company may offer you the option to purchase shares of the corporation at a fixed price at some future date so that you can benefit from your commitment to…

May 2019 Individual Due Dates
Accounting, Business, Employees, Finance Tips, Personal Finance, Small Business, TaxesMay 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10. Your employer is required…

Employees’ Fringe Benefits after Tax Reform
Business, Employees, Tax ReformTax reform made a lot of changes, some of which impacted employees’ fringe benefits. This article reviews the most frequently encountered fringe benefits, including those that were and were not impacted by tax changes. These changes can affect…