How do I determine if someone is an independent contractor or an employee?What is section 125?
Most State Labor Departments have written criteria to determine if someone is a contractor or an employee, and they should be specifically checked; however, here are some of the more significant indications that an individual is an employee and not an independent contractor: They have their own federal employer identification number. They have control over…Read more
Section 125 was regulated by both the Department of Labor (DOL) and the Internal Revenue Service (IRS), allows employees to contribute premiums for medical coverage on a pre-tax basis. Commonly referred to as a "Cafeteria Plan," Section 125's can produce huge fines and tax penalties becoming a major liability if not installed and maintained properly.Read more