Living in South Florida, we see people from all nationalities working and living together. There are many languages spoken. We get to experience different foods, traditions and languages. What an opportunity for all of us to be a part of the diverse area we live in. With this diversity does come some drawbacks. I can...
Do you have employees who ask about being tax exempt? To ensure they don’t run into trouble with the IRS, you want to make sure they truly are exempt from federal withholding taxes. The IRS has set guidelines that enable you to verify the exemption. Better still, contact a payroll professional who can assist you.
The best way to avoid IRS issues is to keep an accurate record of all revenue and expenses in your business. I’ve seen many business owners panic at the end of the year when it’s time to turn records over to their tax preparers because they have not documented anything. This becomes a nightmare for...
I recently have been getting calls from people who are behind in filing their tax returns. Being “by the book” person that I am, I find it so hard to believe. I would not be able to sleep at night knowing I missed such important deadlines. But . . .. not everyone is me. I...
Bona fide administrative, executive, professional, and computer-related professionals, as well as outside sales professionals, are classified as “white collar” employees under the Fair Labor Standards Act (FLSA). This means they are exempt from the overtime, minimum wage requirements and certain record keeping. The tests for determining exempt status are based on the actual duties and...
A business is required to pay unemployment taxes to the state/s it operates in and in which employees reside. Are you registered? The state’s unemployment agency offers registrations online but can be confusing. I always recommend letting an expert register for you. Give us a call, our unemployment experts can help you.
Being a woman of faith, I have always trusted in what God’s plan was for me. I did not always realize that He was in control and thought that things happened to me because of good luck or because of my skills alone. As I have matured both personally and professionally, I realize that it...
Did you know that almost all states require employers to withhold tax from employee wages. They are: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. It is important to seek advice from a knowledgeable payroll service to ensure compliance.
When you have employees in multiple states, you must register your business in each state where you have employees. You will be responsible for payroll taxes in those states.
This is a true story: A business owner wanted to hire a Kitchen Manager for his restaurant. The resume looked promising with the applicant having over ten years of culinary, restaurant and management experience. The interview went great and the applicant impressed the owner with his charismatic appearance. The owner performed the reference checks and...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
