This is the third post in the Independent Contractor/Employee series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of independent contractor issues. Revenue Ruling 87-41 states the factors the IRS considers when whether a worker is an independent contractor or employee. These factors are divided [...]
This is the second post in the Independent Contractor/Employee series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of independent contractor issues. Internal Revenue Code Section 3121 states that a director of a corporation in his/her capacity as director is not an employee of the [...]
This is the first post in the Independent Contractor/Employee series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of independent contractor issues. Internal Revenue Code Section 3121 defines who is an “employee” when the IRS is determining whether to reclassify a workers’ status. The key [...]
This is the eleventh post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes. When the MDEED receives an application from a former employee for unemployment benefits, the [...]
This is the tenth post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes. All wages paid to the officer or shareholder of an S corporation are covered [...]
This is the ninth post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes. Covered employment is when an employee performs services for an employer in return for [...]
This is the eighth post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes. For the first 48 months of paying wages, the MDEED will assign the new [...]
This is the seventh post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes. The Minnesota Unemployment Insurance Tax, often referred to as SUTA tax, provides funds for [...]
This is the sixth post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes. An employer must pay FUTA tax if the employer paid wages of $1,500 or [...]
This is the fifth post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes. The FUTA tax provides funds for paying unemployment compensation to workers who have lost [...]