Tag: business

IRS Simplifies Tax Filing Requirements for Small Employers

The Internal Revenue Service has just issued temporary and proposed regulations designed to reduce the tax filing burden for small business owners. As of Jan. 1, 2006, eligible small employers will be able to file the new Form 944 (Employer’s Annual Federal Tax Return) once a year, rather than filing Form 941 (Employer’s Quarterly Federal […]

Exempt/Nonexempt: How Do We Properly Classify Our IT Workers?

I need some help with the administrative exemption as it relates to IT workers. We are a software consulting firm. Each consultant works pretty independently, managing and doing work on their own projects directly with clients. Their work is a mix of upper-level tasks (systems analysis, training, project management) and lower-level tasks (installing upgrades and […]

Feds Urge Employers to Prepare for Emergencies

The Department of Homeland Security, in partnership with the Advertising Council, has launched a campaign to educate small and mid-sized employers about engaging in emergency preparedness efforts to protect their employees, business operations, and assets. The program includes a website, http://www.ready.gov, with extensive information on emergency planning, including a sample emergency plan, emergency supplies checklist, […]

Auto Insurance: How Do We Ensure that Employees’ Auto Insurance Meets Company Requirements?

Many of our employees drive their privately owned vehicles on company business. We’re concerned about their insurance. Can we make them provide us with a “Certificate of Liability Insurance” listing us as the certificate holder, so we’ll know for sure that their insurance is in effect? Also we’d like to require that they carry higher […]

Employees May Shoulder Bigger Health Care Costs

According to the results of a new survey by the Robert Wood Johnson Foundation, business owners and benefits managers whose companies currently pay for at least some health-insurance benefits expect healthcare costs to jump an additional 12 percent over the next year–and they will ask their employees to pay an average of 21 percent of […]

Wells Fargo Settles Check-Cashing Fee Suit

Wells Fargo & Co. bank has settled a lawsuit that challenged the $5 fee charged by the bank for non-accountholders who cashed payroll checks drawn on a Wells Fargo account. The lawsuit, filed on behalf of California employers, claimed that the fee put businesses in jeopardy of violating a California Labor Code provision requiring employers […]

IRS Increases Standard Mileage Rate for Remainder of Year

In response to rising gasoline prices, the Internal Revenue Service has taken the step of boosting the optional standard mileage rate by eight cents, to 48.5 cents per mile, for the final four months of 2005 (effective from Sept. 1, 2005 through Dec. 31, 2005). This is the rate most businesses use to reimburse employees […]