It is important to remember that an independent contractor is a worker who does not work for your company, but is on a contract basis instead. Make sure you have correctly classified your workers before considering paying them as a contractor.
Read MoreBefore you can properly run payroll for your new hire, you need a few key pieces of information. Pay rate, pay frequency, cost center assignment, personnel information, and preferred method of payment are all obvious components of running payroll, but what about the classification of your relationship with the person performing work?
Read MoreAAB Payroll Inc, a leading provider of comprehensive payroll solutions across the USA, has recently affiliated with TAG Alliances – a global multi-disciplinary alliance of high-quality, independent professional services firms.
Becoming a Best Friend of TAG Alliances is poised to enhance AAB Payroll Inc's global reach and collaboration opportunities.
Read MoreWhat happens if you thought you had an independent contractor, but after a bit of research, you come to find that the worker is an employee? Unfortunately, the IRS has become stricter on this issue in recent years after they discovered billions of dollars were being lost due to employee misclassification. Not only are there IRS implications, but you will also find yourself penalized by the IRS, and your state government.
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