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Aug 2019The Breakdown: Payroll Wages & Taxes Edition
If you’re considering hiring employees, it’s critical that you understand the payroll tax obligations that you have as an employer. With all the confusion surrounding how payroll taxes works, failing to report taxes correctly can result in major issues with the IRS – so it’s worth it to have a basic understanding. But have no fear, this article is going to break down exactly what…
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Jan 2017Pay Attention To These 2017 W-2 & 1099 Filing Deadlines
With a new year, comes new tax laws. The arrival of 2017 comes with different W-2 and 1099 deadlines that are important to you and your business. In the past, employers had to provide employees with their W-2 copies by January 21st. Additionally, employers have had until February 28th to submit paper filings (or March 21st for electronic filings). Beginning with 2016 forms, employers will…
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Feb 2016Do You Know The Difference Between An Employee And An Independent Contractor?
It can get a little tricky sometimes in determining whether someone you consistently hire to perform services for your business is an employee or an independent contractor; not to mention keeping track of the difference in tax treatment between the two. Have no fear, Paragon is here to break it down for you! Employees are defined by the IRS as “anyone who performs services for…