Workers' compensation insurance protects business owners from liability when employees get injured on the job. It works by paying medical costs and replacing wages for employees unable to work. Learn more about what is does and how it works.
What is a 1099 Employee? A "1099 employee" refers to an independent contractor who performs work for a business under a non-employee status. These workers receive compensation without the standard benefits or tax withholdings associated with traditional employees. Businesses issue these individuals a ...
Workers' comp premiums are set based on your industry classification code and how much it costs to run payroll. That means companies in high-risk industries will pay more for workers' comp. What is the workers’ compensation claim process? The workers’ compensation claim process is a series ...
Standard Occupational Classification (SOC) is a statistical standard that federal agencies use to classify workers into job-related categories. The ultimate purpose of which is to collect, calculate and disseminate data. The Bureau of Labor and Statistics uses SOC codes in its Occupational Employment ...
What is a PEO relationship? PEOs serve as the employer of record for a business for tax purposes. This type of relationship also helps employers manage payroll, HR, benefits, workers’ compensation and regulatory compliance so they have more time to pursue other business goals. What is a co-...
Classification & Legal Protection of Business Entities from Chapter 1 / Lesson 2 8.1K A business entity is any organization that is selling goods or services, organized into five types with varying legal protections. Learn the structural and legal details of sole proprietorships, partnerships, co...
Clinical social workers Ambulance services Laboratory services FYI Only noninstitutional healthcare providers should fill out the HCFA form. Other providers must use Form UB-04. What is included in an HCFA form? The HCFA form is made up of 33 boxes. If that seems like an overwhelming number, ...
Workers’ Compensation Laws Environmental-related regulatory compliance examples Atomic Energy Act (AEA) Beaches Environmental Assessment and Coastal Health (BEACH) Act Chemical Safety Information, Site Security and Fuels Regulatory Relief Act Clean Air Act (CAA) ...
Payroll is both a list of employees who need to be paid by a business and also the actual process of calculating and distributing compensation to those employees. Running payroll includes determining employees’ gross pay for the period, subtracting taxes and other withholdings, and delivering the ...
(Note that no specific number of factors determines a classification.) Level of instruction: If the company directs when, where and how work is done, this indicates a possible employment relationship. Amount of training: Asking workers to undergo company-provided employee training suggests an ...