Business Management Daily

JANUARY 23, 2022

Tax season is right around the corner. For business owners, the month of January is the time to prepare and send out tax information for employees and nonemployees that they paid during the prior tax year. Beginning in tax year 2021, there are no longer automatic 30-day extensions to file. Is Form 1099-MISC still used?

Taxes 94

Taxes Employee Compensation Commissions Entertainment 94

Fringe Benefit Analysts

JANUARY 26, 2023

According to the IRS, identity theft has been the number one consumer complaint to the Federal Trade Commission for 15 consecutive years. The amount someone may pay for the service is likely less than the potential loss they may face due to fraud. Are Identity Theft Protection Services Tax Deductible?

Insurance Carriers 52

Insurance Carriers Taxes Insurance Commissions 52

HR Bartender

JULY 19, 2016

Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold. In case you missed it, here’s a short summary of the ruling : The Department of Labor has set the new standard salary level at $913 per week or $47,476 annually.

Overtime 90

Overtime Human Resources Retirement Plan Life Insurance 90

Hireology

MARCH 23, 2018

This includes everything from paying employees what they’re owed, paying commissions on time, and accurately deducting for health insurance and other benefits. Payroll can make up about 50% of a business’s total expenses, so it’s important to avoid all payroll mistakes and strive for 100% accuracy.

Payroll 60

Payroll Deductions Deductible Commissions 60

HR Bartender

SEPTEMBER 1, 2016

Please remember that her comments should not be construed as legal advice or professional consulting. If you have detailed questions, you should address them directly with your labor attorney or professional services consultant. First, let’s define what modified duty means?

Insurance Carriers 66

Insurance Carriers Workers’ Compensation Human Resources Consulting 66

Higginbotham

MARCH 1, 2022

Assuming you work in a trade that qualifies for general contractor licensing, the process to apply is as follows: Submit your Federal Employer Identification Number (Tax ID). Tax registration. Any tax types for which the business is registering. A full list of trades considered specialty contractors can be found here.

Construction 52

Construction Insurance Taxes Workers’ Compensation 52