Frequently Asked Questions

TKS Compensation & Taxes

The goal of TKS is to ensure that experts are appropriately compensated for their work. We strive to define compensation rates that are fair to the expert, consistent with marketplace trends, and acceptable to the client companies. Key to establishing your compensation is your base salary at retirement. The impact of inflation since your retirement date is considered, and typically a premium is added to align your rate with the value you provide. Compensation rates are usually expressed in $/hour or $/day.

The TKS Client Contact Manager will determine your compensation rate and share this information with you. For your first assignment, your compensation rate also appears in the engagement letter you receive by mail. For subsequent assignments you will receive a new Engagement Letter only if your compensation rate changes (for example, as a result of inflation), or if you accept an assignment with a different client.

A TKS employee (typically the Client Contact Manager or Relationship Manager) will ask you for this information.

No, none of these are included in your base salary at retirement.

Compensation will be calculated at the beginning of each assignment and could increase slightly due to the correction for inflation.

When you begin work on a project, you are given access to a program to electronically report the hours you work. The timesheet is submitted at the end of each work week. At the end of each month, you submit a final timesheet for that month. This final monthly timesheet needs to be completed and filed promptly at the end of the month to facilitate payroll and billing processes. There is no need to submit hard copies of your timesheets.

You are paid for your work on the last business day of the month following the month in which you work. Hours must be entered into our system to receive prompt payment.

You are paid by direct deposit or by check, according to the preference indicated when you completed the paperwork in the TKS Employment Packet mailed to you when you accepted your first assignment.

Yes, Federal Income Tax, Social Security, Medicare, and local taxes are withheld from your pay.

TKS uses the home postal address you provide to determine the local taxing authority. You need to inform TKS if your residence is outside the taxing authority in which your post office resides. (This can be the case when new areas of residential development use an existing post office in another municipality).

No, the IRS requires TKS to withhold Social Security taxes from your pay.

Yes, you will receive a W-2 form.

Yes, when you work on assignments as a TKS employee you are provided with liability insurance and worker's compensation.

You become a TKS employee when you agree to accept an assignment. At that time an Employment Packet is mailed to your home.

Yes, a W-4 form is contained in the TKS Employment Packet.

Yes, TKS refers to this document as a Confidential Information Agreement (CIA). It is included in the Enrollment Packet.

Yes. However, you may be asked to signed additional confidential disclosure agreements for specific clients before you take an assignment with them.

The I-9 form (Employment Eligibility Verification) is a federal form that verifies eligibility to work in the United States. TKS is required by law to review the documents that support your eligibility. These documents typically are a U.S. Passport (valid or expired) or the combination of a driver's license and a social security card or birth certificate. Depending on your location, special arrangements may be made to complete the I-9 requirement. Obtaining a completed I-9 form is the responsibility of TKS Staffing.

No.