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
Connecting the Dots–Worker Classification or 1099 vs. W-2 workers
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
Connecting The Dots–Checking your W-2
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.
Connecting The Dots: it’s 1099 time, don’t make this common mistake!
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
2013 Changes to W-2
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