Ensuring payroll compliance in 2024: What’s new?
BMT Office Administration
MAY 9, 2024
If the incentive is at most $250, it will qualify as de minimis (meaning you don’t have to report on it). These incentives are fully taxable and are subject to W-2 reporting. If the worker has the power to negotiate their pay and hire other workers, they’re an independent contractor. not signing up for your 401(k) plan).
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