Tag: IRS

employee

Advantages of W-2 Employees

In some recent posts, we’ve been talking about the classification of workers in organizations. In general, it’s pretty clear cut whether a worker is an employee or an independent contractor and the IRS explains some criteria for distinguishing between the two.

Taking Advantage of the Gig Economy for Staffing Needs

The emergence of the gig economy has been a boon for many workers. The gig economy is defined by temporary or freelance jobs, typically with the worker employed as a contractor instead of as a traditional employee, who’d be issued an IRS 1040 form at the end of the year.

New Mandatory Electronic VCP Submissions Add to IRS Online Filings

In 2008, the Internal Revenue Service (IRS) established a voluntary program aimed at retirement plan sponsors and administrators to encourage correction and resolution of plan document or operational failures as soon as they are discovered. The Employee Plans Compliance Resolution System, or “EPCRS” as it is most often called, stresses the importance of established administrative […]