The IRS requires employers to withhold taxes for employees and issue them W-2s. So, what is the difference between a household employee and a contractor?
Does your organization offer employees an HDHP and an HSA? If so, two recent IRS information letters provide insight into some finer points of plan administration.
https://blog.fiducial.com/wp-content/uploads/2021/12/HDHPandHSAs_72284039edce748ce4dff2cb00690c1b_2000.jpg292560Fiducial North Americahttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngFiducial North America2021-12-10 14:00:352021-12-10 14:00:35IRS Information Letters Share Helpful Details on HDHPs + HSAs
https://blog.fiducial.com/wp-content/uploads/2021/12/FiducialBlogImage--Start-upExpenses_0440592363007e19209145cda0edb6dc_2000.jpg788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-12-08 14:00:352021-12-08 14:00:35Should You Deduct Your Business Start-Up Expenses?
You’ll need to decide whether to use a W-2 or a 1099-NEC to report each worker's wages. How you categorize the relationship between a worker and a business?
The IRS is reminding entities with EINs to update information. IRS regulations require EIN holders to update responsible party information within 60 days.
https://blog.fiducial.com/wp-content/uploads/2021/12/FiducialBlogImage-ChangeContactInfo.png788940Kelly Cockerhamhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngKelly Cockerham2021-12-02 20:16:502021-12-02 20:16:52EINs: Change Contact and Responsible Party Information in 60 Days
Is your organization subject to the new OSHA rule requiring employee COVID-19 vaccination or submission of weekly testing? Fiducial has the key details here.
https://blog.fiducial.com/wp-content/uploads/2021/12/401k_b6048e3efeb4f5a305c05f25bfd4ae77_1600.jpg292560fiducialhttps://blog.fiducial.com/wp-content/uploads/2024/02/Fiducial-logo-horizontal-black-300x51.pngfiducial2021-12-01 21:46:002021-12-02 19:57:41Thinking about participating in your employer’s 401(k) plan? Here’s how it works