Tag: taxes

global

The Least You Need to Know Before Recruiting Internationally

If you’re thinking about taking your recruiting efforts global, you’re not alone. A growing number of employers are expanding their talent acquisition strategies beyond U.S. borders. However, while there are compelling business reasons to do so, it’s far more complex than recruiting domestically.

independent contractor

Attention North Carolina Employers: Worker Misclassification Law Takes Effect December 31

The North Carolina Employee Fair Classification Act (EFCA), which will take effect on December 31, provides a mechanism that allows workers to more easily report—and state agencies to more easily prosecute—employers that misclassify workers as independent contractors instead of employees.

global

Compliance: Converting International Contractors to Employees

Today’s growing business is facing increasing pressure to expand internationally—whether that is to meet demand from customers overseas, to test new markets, or to tap the worldwide pool of talent to strengthen their broader operation.

payroll

Payroll Problems Affect 82 Million American Workers, Says Survey

As Americans file their Form 1040 U.S. Internal Revenue Service (IRS) income taxes ahead of the April 18 deadline, a new survey from The Workforce Institute at Kronos Incorporated reveals an estimated 82 million Americans—more than half of the U.S. workforce—have experienced a problem with their paycheck during their career. The survey also finds payroll […]

Taxes

What HR Needs to Consider About their Business Vehicle Program During Tax Season

While there is still a short window of time for individuals to file and close out on last year’s taxes, for most companies, tax season is already in the rearview mirror. An often overlooked way to reduce employer taxes is within the business vehicle programs. By using this year’s tax season as a time to reevaluate, businesses can implement sound policies and programs to ensure the organization and the employee are in the best position come tax time next year.

D.C. Approves Paid Family Leave Bill

The District of Columbia (D.C.) Council approved a bill on December 20, requiring employers to give workers 8 weeks’ paid leave for the birth, adoption, or foster placement of a child. Employers will pay for the leave through a payroll tax.

Pennsylvania: FMLA Settlement Proceeds Not Subject to Federal Tax Withholding

By Gregory J. Wartman A Pennsylvania federal court has ruled that an employer doesn’t have to withhold federal payroll taxes from a settlement payment resolving a discrimination claim under the Family and Medical Leave Act (FMLA). The court reasoned that because the FMLA settlement proceeds weren’t wages, they weren’t subject to federal withholdings.

Hidden tax penalties often lurk in employment agreements

by Matthew H. Parker Senior-level employees often enter into contracts stating they will receive separation pay if their employment is terminated unexpectedly. For example, employers often promise executives severance pay unless they are fired “for cause.” Other times, a company will promise that an executive can resign and collect severance pay following a change in […]