Never assume your finances will be alright. This is caused by a failure to track revenue and expenses.
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Never assume your finances will be alright. This is caused by a failure to track revenue and expenses.
Ever received a notice from a governing agency like the IRS? Don’t panic! In most cases, the notice is automatically generated by a computer system and can easily be resolved. You do want to have a payroll professional work with you as they know how to most efficiently resolve the matter.
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...
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.
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.
Not all incidents need to be reported to OSHA. However, in certain situations, OSHA must be notified within 8 hours and in some other instances 24 hours. Employers must track all incidents on an OSHA log and in many cases post a summary of all incidents in a conspicuous location for all employees to see....
It is critical to investigate whenever an accident occurs. Whether it is an employee or a customer. Why? You want to prevent such an incident from occurring again. You want to ensure that the injured party is taken care of, and you want to identify any hazards that may exist that caused the incident. It’s...