What’s new with your W-2? It’s that time of year where everyone who works as an employee of a company will be receiving their W-2 which details how much money they have earned and what taxes they have paid. Your employer is required to deliver it to you by the end of January. I have… Read More
Worker Classification Do’s and Don’ts I was recently asked by the Massachusetts Society of CPA’s to do a presentation on worker classification. This is the age old dilemma of classifying workers as either W-2 Employees or Independent Contractors. The presentation went over really well and I created a leave behind with the following Best Practices tips. … Read More
If you are an employee who has received already, or is expecting, a W-2 from your employer, then your should read this!! This article was very popular last year, and thought it would be great to share again.
Well friends, it’s that time of year to send out 1099′s and/or W-2‘s. Except for those few people still doing their own payroll, W-2’s are typically done by your payroll company or CPA/Bookkeeper. BTW…If you are still doing your own payroll, we really need to talk.. However 1099’s are often issued directly by a small… Read More
2012 ConnectPay Informational Series Form W-2 Reporting of Employer-Sponsored Health Coverage The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan. Reporting the cost of health care coverage on the Form W-2 does not mean that the coverage is taxable. The value of the employer’s excludable contribution… Read More