When an independent contractor is considered a statutory employee, the employer needs to pay the 7.65% to cover half of the Social Security and Medicare taxes. Back to top Independent contractor, employee or st
What is a statutory employee? Learn the definition, criteria, and tax implications you need as a business owner who has a statutory employee.
A statutory employee is a type of independent contractor who is considered an employee for payroll tax purposes. As an independent contractor, they pay their own income taxes and don’t receive full-time employment perks, but they do benefit from employer contributions toward Social Security and M...
The term statutory employee refers to anindependent contractorwho is treated as an employee fortax withholdingpurposes. A worker is considered a statutory employee as long as the employer and individual pay their share of Medicare and Social Security taxes and meet certain criteria. The employee is ...
Garden leave: what it is and how it works What is a statutory employee? Definition and examples All your company documents available in one place Centralize company files. Easily access and e-sign custom templates for new and existing employees. ...
In today's workforce, different types of employees exist. Whether someone is an employer or a worker, it's important to know the specifics of each business relationship. This has a bearing on taxes, benefits and contractual obligations. Unlike a common-law or statutory employee, a contract em...
My accountant states my employer should classify me as a statutory employee. I am employed by a company, not a contractor, salesperson, etc., but a regular full time employee. However, I work from my home on a PC my employer provides and they also reimburse me for my internet. But, I...
If your business is sued, the court has to be able to physically serve someone with the documents notifying you of the lawsuit. If you don’t have a statutory agent and happen to be out of town or taking a rare lunch out when the process server comes, you may not even realize you’...
Returning to work after maternity: How to write to your employer How do I achieve a work and home life balance? Feeling guilty going back to work? Ways to cope Back to work: Returning to work after having a baby Statutory Maternity Pay: What you need to know Is being a stay at home...
In this guide, we define Professional Employer Organization services and explain the core benefits of using a PEO solution.