The bittersweet truth about withholding for payroll taxes and misclassifying workers as independent contractors.
What feels so good now will make you sick at tax time.
Dirty Little Tricks
The Law On Withholding: Your Employer Should Pay Half
What's The Difference Between An Employee And An Independent Contractor?
As an independent contractor:
- You are not paid overtime
- You are responsible for paying your own FICA taxes
- You do not get sick days, vacation time, or health benefits
Payroll Tax Deductions From An Employee's Paycheck:
Payroll taxes withheld from an employee's paycheck are required by law for non-exempt employees. Payroll deductions include:
- Federal income tax withholding
- Social Security and Medicare tax withholding - FICA payments
- State income tax withholding
- Local tax withholdings
If your employer pays you incorrectly learn how you can recover up to 3 years of your back pay.
Don't Let Your Employer Cheat You Out Of Your Wages Any Longer.
If your employer pays you incorrectly or you aren't sure if you've been misclassified as an independent contractor, order our free book to learn answers to your questions. This free wage and overtime guide will teach you how you can recover your hard-earned wages for up to 3 years back. Call 888-449-2068 to order your free book today, or fill out our online form.