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re: Bank account recs
Posted on 4/27/15 at 11:56 pm to UFownstSECsince1950
Posted on 4/27/15 at 11:56 pm to UFownstSECsince1950
LINK
This may be helpful from the IRS. When in doubt, I'd recommend you hire all employees and withhold their taxes + pay the 7.65% freight in employer SS/Medicare. If you have a tax advisor, they'd probably tell you the same thing.
If you are going to classify as independent contractors, do your homework in what the IRS looks for in the event of a payroll audit.
This may be helpful from the IRS. When in doubt, I'd recommend you hire all employees and withhold their taxes + pay the 7.65% freight in employer SS/Medicare. If you have a tax advisor, they'd probably tell you the same thing.
If you are going to classify as independent contractors, do your homework in what the IRS looks for in the event of a payroll audit.
1
Posted on 4/28/15 at 12:16 am to Boh
(no message)
This post was edited on 5/2/15 at 12:55 am
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