Remove 2020 Remove Deductions Remove Employee Stock Option
article thumbnail

Common Tax Forms Employers Need to Know: A Complete Guide

HR Lineup

Employers are required to provide a W-2 to each employee by January 31st of the following year. The information on Form W-2 includes total wages earned, federal and state income tax withheld, Social Security and Medicare taxes withheld, and any other deductions or contributions such as retirement plan contributions.

Taxes 246
article thumbnail

The A to Z Explanation About Phantom Stocks

Vantage Circle

Phantom stock plans, also known as equity compensation plans, equity pay plans, stock bonus plans, or phantom equity plans, are a form of employee stock option plan (ESOP). It is an employee benefit that gives employees the opportunity to purchase company shares at a predetermined price, known as the “equity value.”