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Common Tax Forms Employers Need to Know: A Complete Guide

HR Lineup

There are several types of Form 1099, each serving a specific purpose: Form 1099-MISC: Used to report miscellaneous income, including payments of $600 or more for services performed by non-employees. Form 1099-INT: Reports interest income earned on investments, such as savings accounts, certificates of deposit, or bonds.

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7 Noteworthy Fringe Benefits for your Workforce in 2020

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Extending education assistance to your employees will help them progress professionally. Employee Stock Options. Another tax-free fringe benefit that you can extend your employees is stocks of your own organization.

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The A to Z Explanation About Phantom Stocks

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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.”