I’ve got a unique situation I am not sure how to handle. I have a retired gentleman who recently started working for me part time. We’re talking a day a week or less. He strongly prefers to be paid in cash. I talked to my insurance and they told me he is covered as long as I claim him on the annual audit. Are there any issues with paying him this way? Anything special I need to do tax or accounting wise?
One day a week. Cut the man some slack and just pay him cash. If he is retired and working for cash. He needs to keep extra income hidden
Agreed. There are some ridiculous laws in regards to the extra income retirees are allowed.