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Employees Submitting a New W-4
Employees submitting a new W-4 can do so any time they have changes. Often, they’ll submit a new form when they know they’ll be changing exemptions, adjustments, deductions, or credits on their return. For example, an employee may want to increase their withholding by...
2018 Pension Plan and Retirement Plan Limits
The IRS recently announced 2018 pension plan and retirement plan limits. For employees with 401(k), 403(b), and most 457 retirement plans, the contribution limit will increase from $18,000 to $18,500. This increase also affects the government’s Thrift Savings...
One Person: Both Employee and Independent Contractor?
Can one person be both an employee and an independent contractor? According to IRS guidelines, it is possible to have a W-2 employee who also performs work as a 1099 independent contractor so long as the individual is performing completely different duties that would...
