New hire report for independent contractor in New York

May 9, 2022

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Q. I was told that we have to report an Independent Contractor with contract(s) in excess of $2,500 in New York, effective January1, 2022. I didn't any information on the NYS department of Taxation and Finance website regarding the requirements and how to report it. See the link below. https://www.tax.ny.gov/bus/wt/newhire.htm Do you have any information? If you are, could you please share? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical…

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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
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