Employee Classification is more important than ever to properly classify the employment status of your workers – if only to avoid a potentially catastrophic situation.
New Hire Paperwork: What’s Required and What’s Recommended?
Employers must comply with numerous requirements, including paperwork and notices, when hiring new employees. In addition to required new hire paperwork, documentation is recommended to help administer payroll, benefits, and other HR responsibilities. This article addresses some key forms to keep in mind.
Checklist: Managing Vacation Requests Post-Lockdown
During the height of the pandemic, many employees didn’t use much vacation time because of travel and other restrictions. Now that these restrictions are easing, employers may find that there’s pent up demand. Use this checklist to help you develop a plan for managing vacation requests this year.
8 Keys to Creating an Effective Employee Handbook
Most companies have policies or procedures governing their employment practices, but they’re sometimes maintained informally. This can lead to inconsistent application and confusion about employer and employee rights and responsibilities. An employee handbook formalizes those policies so that employees have a written resource to read and reference. Here are some key steps to consider as you create an employee handbook or update an existing one.
Interaction between PPP Loans and the Employee Retention Credit
The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was ineligible […]
Elusive Employee Business Tax Deduction versus Contractors
When we say an employee business tax deduction we mean it to refer to an employee business expense, such as payroll. We will point out the difference between how to treat an employee tax expense versus a 1099 contractor expense, along with AMT under tax reform. For starters, one major difference between being an employee and being self-employed is how you deduct the expenses you incur related to your work. A self-employed individual is able to deduct expenses on his or her business schedule. However, an employee is generally limited to deducting them as itemized deductions.