Recent content by susangrey

I came across the term "statutory employee" while reading about employment classifications. How is a statutory employee different from a regular W-2 employee or an independent contractor? What are the tax implications, and which industries commonly use this classification?

I keep seeing the term EIB mentioned in our payroll and HR system but I can't find a clear explanation. What does EIB stand for in a payroll context, what is it used for, and who typically uses it — HR admins, payroll managers, or someone else?