Internal Revenue Service (IRS)
The Internal Revenue Service (IRS) is the federal agency in charge of collecting taxes in the United States, focusing primarily on income taxes from both individuals and businesses. It also plays a key role in enforcing the Internal Revenue Code, the core set of tax laws established by Congress. As a bureau under the U.S. […]
Indirect compensation
Indirect compensation refers to non-cash benefits that employers offer their team members in addition to regular pay. These perks are often designed to enhance the overall employee experience and can be instrumental in attracting and retaining talent. Why Indirect Compensation Matters Compensation isn’t always about salary alone. For companies looking to boost retention or stand […]
Independent contractor
Independent contractors are self-employed individuals who typically provide services to a third party. Their work usually takes place at a site that is not owned or operated by their own business. Additional Details about Independent ContractorsThese contractors may operate solo or be affiliated with companies offering contract-based services like plumbing, catering, window cleaning, or electrical […]
Income tax
Income tax refers to a government-imposed tax on the earnings that individuals and businesses generate over the course of a year. Typically, employers are required to withhold federal income taxes from the wages they pay to their employees.