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Form W4 FAQ

November 2, 2011 by

Federal Income Tax Withholding and Federal Form W-4 FAQ Can you claim 99 withholdings on a Form W-4? You can claim the number of withholding allowances that you are entitled to based on the Form W-4 (PDF), Employee’s Withholding Allowance … Continue reading →

Workers’ Compensation Insurance

November 2, 2011 by

The workers’ compensation system may not appear to have anything to do with payroll, but actually it can have an effect in two distinct areas, benefits and premiums. Workers’ compensation is a form of insurance employers are generally required to … Continue reading →

Statutory Non Employees

November 2, 2011 by

Certain categories of workers, while they may qualify as Employees under the Common Law Test, are nevertheless treated under the IRC as independent contractors for federal income tax withholding and Social Security, Medicare, and FUTA tax purposes. They are known … Continue reading →

Statutory Employees

November 2, 2011 by

Statutory Employees are workers who, while they are not Employees under the common law, are treated as Employees for certain employment tax purposes. Payments made by an employer to Statutory Employee are not subject to federal income tax withholding, but … Continue reading →

Employee Vs. Independent Contractor

November 2, 2011 by

Many of the problems employers have in regard to worker classification arise when determining whether a worker is an Employee or an Independent Contractor. It may be cheaper to use independent contractor in a business than Employees because the taxing … Continue reading →