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Is Your New Hire An Independent Contractor or Employee?

When you’re running a small business, and are ready to hire your first employee there are a lot of options: do you want to hire an independent contractor or an employee? While it might seem like this question can be easily answered solely based on your individual business needs and the amount of work you have for the new employee to complete, you also need to consider the tax implications of the classification you choose to give the new hire.

Is Your New Hire An Independent Contractor or Employee?

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Updates to 2024 Federal Taxes

IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!

2024 Federal Benefit Limits Increase

Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!

Maximize Your 401k Contributions in 2024: A Guide with Calculator

New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.