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independent contractors


Upcoming Small Business Filing Deadline You Don’t Want to Miss

January 21, 2020 | posted by Abacus Payroll
Form W-2s and most 1099-MISCs are Due Jan. 31 If you own your own business or have a side business in addition to your regular job, you may need to send out several IRS forms by Jan. 31 this year. The deadline is for forms you issue to employees and others who were paid as […]
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Avoid Misclassification: Understand Independent Contractors

January 9, 2020 | posted by Abacus Payroll
The seemingly simple question of “employee or independent contractor?” is often the subject of many complicated and costly audits. As the gig economy continues to grow, employers should familiarize themselves with the distinct characteristics of which is which in order to steer clear of misclassification penalties. The best way to avoid misclassifying workers is to understand […]
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Conducting an Internal Wage and Hour Audit

July 25, 2017 | posted by Abacus Payroll
conducting internal wage and hour audit
Consider it a must to check up on your company’s wage and hour records to ensure and enforce compliance.   To verify that your organization is compliant with FSLA standards, it’s in your company’s best interests to conduct an internal audit examining employees’ wages and hourly requirements. By checking on your own data and files, […]
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Temp-to-Hire Positions: What You Need to Know

May 18, 2017 | posted by Abacus Payroll
Benefits Hiring Temp to Hire Positions
Contracting specialist jobs is becoming an increasingly common practice in the world of business. Often, temporary hires—also known as “temps”—provide a cost-effective solution to an otherwise expensive and unwieldy problem; however, hiring temps also provides you with the opportunity to gauge their skillsets and, if pertinent to your business, field-vet potential new hires. Here’s what […]
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Worker Classification for New Jersey Employers Now as Easy as A-B-C

July 8, 2015 | posted by Mike Engleman, CPA
New Jersey Employers: Familiarize yourself with the A-B-C criteria to avoid worker misclassification tax and payroll issues down the line.
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Independent Contractor or Employee?

December 1, 2014 | posted by Julie Strohlein, CPA
Employee or Independent Contractor
What are the differences between independent contractors and employees? Improperly classifying workers as independent contractors when they are actually employees can create a myriad of problems with various federal and state agencies. Employment taxes due to both the IRS and the state governments are a primary concern, but there may also be insurance or labor […]
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