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Reporting Independent Contractors
Recent changes to Ohio law now require employers to report Independent
Contractors as new hires. Read on to learn more about the new reporting
requirement.
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How to fill out new hire reporting of
How to fill out new hire reporting:
01
Begin by gathering all the necessary information about the new hire, such as their full name, address, social security number, and date of birth.
02
Ensure that you have the employer identification number (EIN) of your company, which is required for reporting purposes.
03
Obtain the new hire's employment start date and provide it in the report.
04
Enter the new hire's job title, as well as their classification as an employee or an independent contractor.
05
In the reporting form, include details about the employee's wage or salary, including any bonuses or commissions they may receive.
06
Provide information about their work schedule, whether it's full-time, part-time, or temporary.
07
Specify if the new hire is covered by any employment benefits, such as health insurance or retirement plans.
08
If applicable, indicate any state-specific information required for new hire reporting, such as state withholding tax information.
09
Double-check all the information you have entered for accuracy, as any errors or omissions can lead to discrepancies in reporting.
Who needs new hire reporting:
01
Employers are required by law to submit new hire reporting to the appropriate government agency. This includes businesses of all sizes, from small companies to large corporations.
02
Independent contractors who are hired by companies may also need to be reported, depending on the legal requirements of their state.
03
New hire reporting is a crucial part of maintaining accurate employment and tax records, as it allows government agencies to monitor and enforce compliance with employment laws and regulations.
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