Independent Contractor vs. Employee: Are Your Manufacturing Workers Properly Classified?

Manufacturing company owners may mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their tax obligations. However, this couldn’t be further from the truth. Improper classification…

IRS Announces Adjustments to Key Retirement Plan Limits

In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights of the retirement plan limits: Elective deferrals. The annual limit on elective deferrals (employee contributions)…

mgi-logo
NC99 Logo 2022 color
2022_IPA 300_PNG