b"ROUND-UP YER HIGH SCHOOL SENIORS! HOW to CORRECTLY IDENTIFY WORKERS and tell'em to go to as Employees or Independent Contractors www.wpma.com/scholarship TODAY and download a Scholarship Application! A person is not an independent contractor if the Don't fergit toperson performs services that can be controlled by an employer (what will be done and how it will bePASS THE WORDdone). This applies even if a person is given free- application must be submitteddom of action. What matters is that the employer has the legal right to control the details of how thevia email or postmarked by services are performed. MARCH 1, 2022 They are a member of a partnership carrying on as a trade or business.Right after the WPMAEXPO in Las Vegas A partnership is the relationship between two ormore people to do trade or business. Each person contributes money, property, labor or skill, and shares in the profits and losses of the business. The WPMAThe facts and circumstances of each case determineScholarship Foundation whether an activity is a trade or business. Some of the important facts and circumstances used to make thisLove would determination include:1. Regularity of the activities, your SUPPORT! 2. Regularity of the transactions, You are donatingto a very worthy cause3. Production of income, andthe education of our future leaders.4. Ongoing efforts to further the Your donation is tax deductibleand your company will also receive interests of your business. name recognition and exposure, Self-employed individuals generally are required to fileif your donation is received an annual tax return and pay estimated tax quarterly.beforeThey generally must pay self-employment tax (SocialJANUARY 28th!Security and Medicare tax) as well as income tax.Your name will be listed:In the onsite WPMAEXPO4 An employer who has misclassified a worker may be eligibleProgram bookletfor the Voluntary Classification Settlement Program (VCSP).4 On scholarship signageThe VCSP is an optional program that provides taxpayerswith an opportunity to reclassify their workers as employeesduring the WPMAEXPO4 In the Post WPMAEXPOfor future tax periods for employment tax purposes. Employers in the VCSP program will receive partial reliefWPMA News Magazinefrom federal employment taxes for eligible taxpayers that4 Silent Auction donorsagree to prospectively treat their workers (or a class or groupwill also be listedof workers) as employees. Taxpayers must meet certainon a sign next toeligibility requirements, apply by filing IRS Form 8952 your Silent Auction y 28 THApplication for Voluntary Classification Settlement donation during byJanuarProgram. The form can be found at www.irs.gov. the WPMAEXPOSDownload and/or print a Silent Auctionor a Levels of Donation form today, by going towww.wpma.com/scholarship!WPMA News / Winter 202125"