Mansperger Patterson & McMullin PLC的动态

The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan. 31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Contact us with questions. https://bit.ly/4aIQ8Uf

The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan. 31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Contact us with questions. https://bit.ly/4fkjoBx

The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan. 31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Contact us with questions. https://bit.ly/4aIQ8Uf

The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan.?31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan.?31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Contact us with questions. https://lnkd.in/gig7jBaq #deadlines #w2

The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan.?31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan.?31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Contact us with questions. #TaxPlanning #PayrollCompliance #TaxDeadlines #W2Forms #1099Forms

Businesses: The Form W-2 and 1099-NEC deadline is coming up fast. The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan. 31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient.

Many businesses use independent contractors to reduce costs and gain flexibility for short-term needs. However, correctly classifying workers as either employees or independent contractors is crucial. Misclassification can lead to significant penalties if the IRS reclassifies your contractors as employees. Key Differences: ??Employees: Employers must withhold federal income tax, Social Security, and Medicare taxes, pay federal unemployment tax, and provide fringe benefits. ??Independent Contractors: Employers issue a Form 1099-NEC for payments of $600 or more. Contractors handle their own taxes. Determining Classification: The IRS and courts focus on the right to control the worker's tasks. Key questions include: ??Who sets the worker’s schedule? ??Are the worker’s activities supervised? ??Is the work technical? ??Can the worker take on other clients? Another factor is whether the worker can profit or lose based on their managerial skills and business acumen. IRS Assistance: Employers can request an IRS ruling on worker status using Form SS-8. However, this may trigger an employment tax audit. It's often better to ensure proper classification from the start. Workers can also file Form SS-8, prompting the IRS to notify the business for further information. For help with worker classification, contact us for a consultation. Proper setup and compliance can prevent costly mistakes. ??800-676-7567

The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan. 31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Reach out to Berndt CPA and Stelios payroll if you have questions about qualifying recipients. Contact us with questions. https://bit.ly/3nREfDN #TaxSeason2025 #W2Forms #1099NEC #TaxDeadlines #BusinessTaxTips #PayrollSupport #BerndtCPA #SteliosPayroll #TaxCompliance #SmallBusinessSupport #FileOnTime

The deadline is almost here for businesses to submit certain information returns to the government and furnish them to workers. By Jan. 31, 2025, employers must file Forms W-2 that show the wages paid and taxes withheld for 2024 for each employee. They must be furnished to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of Form W-2 to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. This form is provided to recipients and filed with the IRS to report nonemployee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Reach out to Berndt CPA and Stelios payroll if you have questions about qualifying recipients. Contact us with questions. https://bit.ly/3nREfDN #TaxSeason2025 #W2Forms #1099NEC #TaxDeadlines #BusinessTaxTips #PayrollSupport #BerndtCPA #SteliosPayroll #TaxCompliance #SmallBusinessSupport #FileOnTime

I've seen too many entrepreneurs get slammed by the IRS or state agencies over improper worker classification. The core issue? Treating employees as independent contractors to avoid payroll taxes and other expenses. When authorities catch this, the fines and back-payments can be brutal. The lesson? Your books need to be airtight, no matter how regulations evolve. It's not about how you record transactions - it's about ensuring the underlying classifications are done right. I've had clients audited by the unemployment office, who then demanded 4 years of records to verify worker status. Not a good time. What systems have you put in place to stay on top of changing compliance requirements?