Can an LLC Member or Partner Receive a W-2? Avoid Costly Payroll and Tax Mistakes
Can an LLC member or partner receive a W-2? The answer depends on how the business is taxed. Learn when owners qualify as employees, how partnerships should report owner compensation, and what may need to be corrected when payroll was processed incorrectly.
Employee vs. Independent Contractor: How to Avoid Costly Worker Classification Mistakes
Worker misclassification is one of the most expensive tax mistakes a business can make. Learn how the IRS determines whether a worker is an employee or independent contractor and how to avoid payroll tax penalties, audits, and compliance issues.