It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Independent contractors are people who are in business for themselves. Employees work for someone else’s business.
Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors.
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McCormick-Smith Services, LLC is your one stop financial service center. “We are not only taxes….we are here to help you embrace a strong and healthy financial future.”
Monday 9am – 6pm
Tuesday 9am – 6pm
Wednesday 12pm – 7pm
Thursday 9am – 6pm
Friday 9am – 8pm
Saturday 9am – 2pm
***Additional Hours By Appointment Only