Northern Bank awards 2026 college scholarship to Arlington Catholic High School graduate
Northern Bank is pleased to announce Max Costa as the recipient of the 2026 James E. McGarry, Jr. college scholarship.
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Written by Matthew Kaplan, Solex
Misclassifying workers is so common with employers today. Often business owners think it’s just an option they get to choose. Unfortunately, this is very wrong. Misclassifying workers as independent contractors instead of employees not only incorrectly taxes their payments for worked performed but can also exclude them from benefits they should be entitled to. When caught, this mistake can become very costly to the business. When properly determining whether a worker should be classified as a W2 employee or a 1099 independent contractor, employers must follow federal guidelines and be aware of state-specific laws, which may impose stricter testing criteria.
At the federal level, the IRS uses a three-factor test based on:
The Department of Labor uses similar economic realty tests, focusing on:
Whether the worker is economically dependent on the employer?
If the employer exercises significant control
Some states apply their own state specific rules. California, Massachusetts and New Jersey use the ABC test as follows:
A: Is the worker free from control and direction?
B: Does the worker perform work outside the usual course of the company’s business?
C: Is the worker customarily engaged in an independent trade or business whose services are provided to other companies?
Failure to meet these conditions typically requires classification as a W2 employee
Solex is a full Human Capital Management (HCM) and Human Resources (HRC) consulting firm. Solex HCM works with clients to assist them with payroll processing, tax preparation and filing, and all other areas of workforce management. Solex HRC works with employers on a fractional basis to assist them in all areas of human resource management. Solex was founded in 1998 and assists companies across the United States.
Northern Bank is pleased to announce Max Costa as the recipient of the 2026 James E. McGarry, Jr. college scholarship.
At Northern Bank, we have always been committed to sharing our time and resources with the people in our community.
Acquiring new customers, exceeding your revenue goals, and creating new opportunities for your business are what most business owners dream about.
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.17 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.