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Tax season officially kicks off this month and if you haven’t started thinking about preparing your taxes yet, remember that it’s always a good idea to start sooner than later! As a temporary, part-time employee of The Hype! Agency you will be receiving a W-2 Form after today, January 14, 2020. If your mailing address has changed in 2019 and you have not contacted the Accounting Department, please do so by emailing: Accounting@thehypeagency.com.
The W-2 form documents the total pay you received from Hype! during 2019. Also on your W-2 Form, you will see the total taxes that have been withheld from your paychecks and submitted on your behalf, along with Social Security Tax and Medicare Tax that Hype! has contributed toward your benefits.
Giving you the option of being an employee of The Hype! Agency versus being treated as an Independent Contractor is a great advantage, especially at tax time!! Your taxes are withheld each week from your pay and having these taxes withheld from your pay take much of the worry out of trying to come up with taxes that may be due at the end of the year.
Here are a few things to remember as you prepare to file your 2019 taxes: