Tag: Taxes

States to decide stimulus bill’s effect on unemployment taxes

The COVID-19 pandemic that has sent the nation’s unemployment rate soaring may eventually—at least in some cases—affect employers’ unemployment insurance tax rates. Just who will be affected, though, remains an open question. With businesses shutting down or significantly curtailing operations, Congress responded with the $2 trillion stimulus bill dubbed the CARES Act, which was signed […]

Hourly workers do not understand the difference between W-2 and 1099 classifications

Late last year, California passed Assembly Bill 5—otherwise known as AB5—that makes it harder to classify workers as independent contractors. The new law, which is currently on hold pending on the outcomes of several lawsuits filed by California businesses, would move some gig workers to employees and entitle them to benefits like sick leave, unemployment benefits, overtime pay, and […]