Workers’ compensation benefits are not usually taxable at the state or federal level, compensating for much of the lost income.11However, you may pay taxes on your workers' compensation benefits if you also receive income from theSocial Security DisabilityorSupplemental Security Incomeprograms. Health...
Self-employed, independent contractors and sole proprietors, such as consultants and freelancers, are typically ineligible for any sort of workers’ compensation. Such workers hold tax-exempt status and pay their own income tax, meaning they are not covered by workers’ compensation provisions. ...
Marijuana was once fodder for stoner comedies and standup routines. But today, medical marijuana is a serious matter in Workers’ Compensation. Fair Discover insightful episodes on Legal Talk Network's portfolio of legal podcasts featuring in-depth inter
An individual who receives commissions can be treated in the same manner as one who receives a straight salary. That is, they can be an employee of the company. In this case, the employer wouldwithhold taxesfrom the individual's compensation and remit the withheld amount to the tax authoritie...
Innovative firms need to hire and motivate highly talented workers. This article connects the potential returns to innovation to the structure of compensation for skilled employees. We show that the software firms that operate in software sectors with high potential upside gains to innovation pay more...
Denis J. Lawler
Part-time workers don’t have the same benefit and might face a much bigger financial burden. Car accident claims typically include compensation for this lost income. Lost Earning Capacity The most severe car crashes can leave victims with catastrophic injuries that prevent them from returning to ...
Are plan sponsors’ responsibilities formaking sure retirement plan fees are reasonable different when the plan sponsor pays versus when plan participants pay? Emily Costin, a partner at Alston & Bird, says the fundamental thing to understand is that when participants pay the fees, they have to ...
Doctors using new artificial intelligence tools to help them diagnose and treat their patients say they wish Congress would provide some clarity on a big unanswered question: Who pays if AI makes a mistake? Advancements in AI promise to improve care, but only if doctors trust the systems and ...
Nearly everyonewho works in the U.S. is required to pay Medicare taxes. Under theFederal Insurance Contributions Act(FICA), employers withhold Medicare and Social Security taxes from employees’ paychecks. TheSelf-Employed Contributions Act(SECA) mandates that self-employed workers pay Medicare and ...