|
Extra payment from Employer
| Posted By |
Message |
beachgirl
LIF Adult
Member since 7/05 7967 total posts
Name:
sara
|
Extra payment from Employer
Need advice. My employer wants to give me an extra payment for extra work that I did over and above my usual work load.
I am the only employee but we do hire a payroll company to process my salary and annual bonus. This would be in addition to that.
Do I have to process this through payroll?
The sum is less than $4,000.
Thank you!
Message edited 2/28/2021 7:42:11 PM.
|
Posted 2/28/21 7:40 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
queensgal
Smile
Member since 4/09 3287 total posts
Name:
|
Re: Extra payment from Employer
Normally yes it would be processed as a bonus since you are an employee.
If they give you a W9 like a contractor it will be a lot more work for you at tax time as then you have to pay the employee and employer portions of taxes and stuff.
|
| Posted 2/28/21 7:52 PM |
| |
|
beachgirl
LIF Adult
Member since 7/05 7967 total posts
Name:
sara
|
Re: Extra payment from Employer
Thank you 
|
| Posted 2/28/21 8:03 PM |
| |
|
NYCGirl80
I love my kiddies!
Member since 5/11 10413 total posts
Name:
|
Re: Extra payment from Employer
Yes because it's taxable. It cannot just be written from a checkbook.
|
| Posted 3/1/21 12:59 PM |
| |
|
Potentially Related Topics:
Currently 654441 users on the LIFamilies.com Chat
|
