Topic: Tax law

Do Your Employees Telecommute? You Should Know…

“Employers are responsible for providing a safe workplace to all employees, even employees working at home…” (Eric Uhl, Fisher & Phillips) Telecommuting may provide companies with a number of benefits, but it’s not without legal risk. Here are five issues to consider: 1. Wage and hour laws: “While telecommuting may appear to be a terrific… Read more »

Workplace Issues: Latest Need-to-Know Employment Law News

Employee social media use, overtime laws, worker classification rules, workplace discrimination, union bargaining, confidentiality, H1-B visas, noncompetes, and employee handbooks … but a few of the issues in this latest roundup of commentary and analysis from labor and employment attorneys on JD Supra. For your reference: The NLRB’s Year In Numbers: FY 2012 (Franczek Radelet… Read more »

Employee Tax in 2013: Prepare for Changes in Payroll, Income, and Medicare Taxes

Happy new year? On January 1, 2013, taxes go up for most employees, and the burden is on employers to make sure the money gets to Uncle Sam. That leaves just one short month to prepare for these three changes: 1. Expiration of the payroll tax holiday: “The 2 percent payroll tax cut enjoyed in… Read more »

Health Care Reform Is Here to Stay – Are You Ready?

“For employers and plan sponsors that have been adopting a ‘wait and see’ approach before focusing on compliance with the Patient Protection and Affordable Care Act (PPACA), the time to wait is over. PPACA’s insurance mandates, market reforms, and employer requirements generally will move ahead as scheduled, with most of PPACA becoming fully effective just… Read more »

Tax News: Want to Help Sandy Relief Efforts? Here Are 3 Tax-Exempt Ways

“Because Hurricane Sandy has been designated a qualified disaster for U.S. federal tax purposes, certain payments made by employers and others to assist disaster victims will be considered qualified disaster relief payments and thus can be excluded from taxable income.” (Proskauer) Employers and small business owners who help victims of Hurricane Sandy deserve a break,… Read more »

Written Any Severance Checks Lately? You May Be Entitled to a Tax Refund

Employers in Kentucky, Michigan, Ohio, and Tennessee who have withheld FICA tax on severance payments made in connection with layoffs or plant closings might be getting some money back from the IRS. Law firm McDermott Will & Emery: “The U.S. Court of Appeals for the Sixth Circuit recently held that certain dismissal payments were Supplemental… Read more »

When Is a Tip Not a Tip? When the IRS Says So…

Here’s a tip: restaurants that tack a fixed charge on certain bills must begin withholding additional taxes on those amounts. Known as “auto gratuities,” compulsory service charges paid by diners should be considered employer-paid wages—not tips—and treated accordingly for tax purposes. Law firm Pillsbury: “Employers are required to collect income tax, employee social security tax… Read more »

Most Popular Small Business Posts – Feb 2012

For your (re)reading pleasure, a roundup of the top 10 most-read posts from last month, on social media in business, forming and structuring companies, labor and employment issues, financing a company, drafting contracts, reducing taxes, and … the federal ban on cell phone use by commercial drivers: 1.Social Media in Business: 8 Steps to Legal… Read more »

8 Small Business Tax Law Changes That Could Help You Save More

The Small Business Jobs Act and the Tax Relief Act (both of 2010) might be more than a year old, but they can still help small business owners save money on their 2011 taxes. For your reference, here are eight changes from those laws that you should consider when preparing and filing your business return:… Read more »

IRS Voluntary Classification Settlement Program: the Jury Is Still Out…

“The [Voluntary Worker Classification Settlement Program] does not, however, relieve employers of liability under state tax laws, workers’ compensation laws, federal or state wage and hour laws (overtime, minimum wage, meal breaks, termination payouts, etc.), ERISA, or other employment laws.” The benefits (and risks) of participating in the Internal Revenue Service’s new Voluntary Classification Settlement… Read more »

Is IRS Giving Employers a Free Pass with The Voluntary Worker Classification Settlement Program? Yes and No…

Is the Internal Revenue Service’s new Voluntary Classification Settlement Program too good to be true? Maybe, maybe not. Introduced on September 21, 2011, the program purports to give a free pass to employers who promise to reclassify any workers incorrectly treated as independent contractors. Here’s what you need to know about the program, in eight… Read more »

Non-Profit Law Updates: Tax, Employment, Privacy, Technology, and Other Key Issues

For your reference, here’s a roundup of what you need to know about recent legal developments affecting non-profits, courtesy of lawyers and law firms publishing their work on JD Supra: The Top 10 Legal Risks Facing Nonprofit Boards (Venable LLP): “With ultimate authority for guiding and advancing the mission of the organizations they serve, effective boards… Read more »

Online Sales Tax – An “Amazon Laws” Reading List

“Also significant for Amazon and other e-retailers falling within Section 6023 is the potential boost the legislation may give to the affiliate marketing programs of their California brick-and-mortar competitors. Historically, some of these brick-and-mortar retailers have been among the most vocal advocates for affiliate nexus laws…” Lawyers and law firms on JD Supra are following… Read more »