An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of the employee’s Social Security and Medicare taxes. At the end of the year, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy, investment, ...

Employees have it relatively easy when it comes to paying taxes. Their employer withholds taxes from each paycheck and sends the money to the federal (and sometimes state) government. Employees pay ...

Last spring the Offices of Human Resources, and Procurement and Payment Services, embarked on an initiative to improve the appropriate classification of workers as either contractors or employees. On ...

Engaging independent contractors has many benefits for companies, but misclassifying these employees can pose significant financial risk. Companies and their counsel should stay up to date on the ...

Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...