Managing payroll is already complex, and adding ITINs to the equation can make it feel even more complicated. At Baron Payroll, one question we get all the time is, "How do I pay my ITIN workers?"
And the short answer is...
In order to stay compliant, you should work with a payroll company, like Baron Payroll, that will add your ITIN workers to your payroll for you.
Read on to learn more about how we do this.
An ITIN, or Individual Taxpayer Identification Number, is for individuals who need to file taxes but don't have a Social Security number.
The main challenge?
Integrating ITIN workers into your payroll smoothly.
If you also have these questions, check out this guide on ITINs: Everything you need to know as an employer.
We're experts at including ITIN workers in your payroll system. Here's what we offer:
There are three big benefits for your workers to get an ITIN number and for you to add them to your payroll:
Having workers with ITIN numbers allows you to pay them on payroll and comply with all the payroll tax regulations—which helps you minimize your financial risk related to potential audits from all the federal and state government agencies.
Additionally, paying your workers on-the-books as ITIN employees rather than off-the-books, also helps you minimize your financial and compliance risk related to potential investigations from both the federal DOL and your state DOL. 3.
Another important benefit to you is if your worker is injured while on the job, they’ll have insurance coverage from your workers compensation policy. Otherwise, you’d be stuck and have to pay for these medical costs out-of-pocket.
Additionally, you will be in compliance with the workers' comp laws and avoid stiff fines and penalties (up to $1000 per day).
And last but not least, most employers don’t have enough cash on hand every week to pay their workers off-the-books. This is a real problem these days and most employers would prefer not having to pay their workers with cash.
And that's it!
Paying ITIN workers doesn't have to be a challenge. With Baron Payroll's support, you can ensure that your payroll is handled accurately and efficiently, giving you peace of mind. We're here to help you streamline your payroll process, making it easy to include everyone on your team.
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