Many employers provide life insurance as a benefit to their employees. This benefit can generate taxable income which must be included in the employees’ W-2s. What is group-term life insurance? Life insurance must meet the following conditions to … [Read more...]
Six myths that lead to worker misclassification
These myths may give employers an unwarranted sense of security, and they can have costly consequences. August 26, 2013 By Jim Button, CPA/CITP Employers face an important decision in classifying their workers for tax treatment. Workers can be … [Read more...]