Avoid Costly Mistakes: Why Correct Worker Classification Is Crucial for Staffing Agencies
Staffing firms handle a variety of employment types, from temporary and contract roles to direct hires. But when it comes to IRS tax forms, which workers require a 1099-MISC? Let’s break it down. Understanding the 1099 Threshold A 1099-MISC form is an IRS tax form used to report payments made to non-employees for services rendered […]
FUTA Credit Reduction 2025: What Staffing Firms Need to Know
At Madison Resources, we understand how crucial it is for staffing firms to stay ahead of legislative and tax changes that affect your business operations. One important update for 2025 is the FUTA credit reduction, which may impact your payroll costs if you operate in certain states. What is the FUTA Credit Reduction? The Federal […]