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Tag: "1099"

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W2 Vs 1099 employee

W2 vs. 1099

When is a worker an employee? The IRS and state tax authorities are targeting the workforce that is incorrectly being classified as “1099 contractors” when in fact they are employees. Why Are They Cracking Down? The loss to tax authorities by treating legitimate employees as 1099 contractors is substantial. The employer is avoiding withholdings for […]

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Employment Practices Liability Insurance

PEO Solutions

Why would a business owner use a PEO to provide solutions to employer headaches with traditional payroll and insurance methods? “PEO” stands for Professional Employer Organization. In almost all states this is a licensed and regulated corporation which practices in the field of employee leasing or co-employment. In an employee leasing scenario, the PEO becomes […]

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7.5 Employer Myths that Can End Your Business

7.5 Employer Myths that Can End Your Business

This article is an outline of a talk that our CEO gives to various groups. Please contact us if you are interested in such a talk Myth # 7: “I don’t need to be on my payroll – I can take distributions.” Our CPAs have always advised us that even though Subchapter S corps and […]