With a New Year upon us, it’s time for employees to submit a new Form W-4! Although most employees may continue with their existing Form W-4 on file, many other employees may have experienced a lifestyle change (or changes) during the 2022 calendar year that will impact their tax liability for the 2023 calendar year […]
In 2005, a Texas masonry business hired and utilized several subcontractors to perform the labor necessary on behalf of the business. For the tax years 2005-2008, the business owner had filed Form 1099 to report the payments made to the subcontractors, but several of those 1099s filed lacked the required Taxpayer Identification (“TIN”) numbers. Pursuant […]
I-9 is a very important form used to verify the identity and employment authorization of individuals hired in the United States. However, as necessary as the form is, it remains a huge HR headache. In recent months, the process of completing I-9 forms in HR departments has changed significantly. Furthermore, the E-Verify system has also […]
Starting January 1, 2023, the definition of a family member will also include a designated person under the Healthy Workplaces, Healthy Families Act (HWHFA). Presently, the HWHFA specifies that a family member comprises of a child, grandparent, grandchild, sibling, spouse, or domestic partner. The newly expanded definition of a family member will allow employees to […]
The IRS has recently warned employers to be on the lookout for third-party companies promising significant tax breaks in exchange for utilizing their services. These so-called “ERTC Mills” are taking advantage of the newly expanded Employee Retention Tax Credit (ERTC) by luring employers with the promise of significant savings. However, the IRS has stated that […]
Photo by Petr Sevcovic on Unsplash If you’re a restaurant owner, you should be aware that under the Fair Labor Standards Act (FLSA), it is illegal to share servers’ tips with managers or use servers’ tips to pay other employees’ wages. This may seem like common sense, but as recent developments have highlighted, many restaurants […]
Photo by Julien L on Unsplash Managers often feel frustrated and helpless when confronted with employees who complain, criticize or try to stir up trouble. People often assume that they can do nothing to change someone’s personality, so they try to manage the damage as best they can. However, this is not the smartest strategy, […]
