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by Colin Leonard and James Rooney A new law going into effect on January 1, 2014, will increase New York employers’ contributions to the state’s unemployment compensation program. Earlier this year, legislation was enacted in response to the insolvency of the Unemployment Insurance Trust Fund and the state’s need to repay $3.5 billion borrowed from […]
By Myriam Robichaud You’re about to hire an employee. But he has his own business and wants to be an independent contractor. That way, he’ll pay less tax. And it’s easy for you too — you will just have to pay his invoices and won’t have to include him in your employee headcount. But wait. […]
by Richard L. Rainey North Carolina’s law overhauling the state’s unemployment system will take effect July 1, bringing about a small tax increase for many employers and a reduced maximum weekly benefit amount for claimants. It also will change the circumstances in which a claimant is disqualified from benefits. During the economic recession, the state […]
by Kara E. Shea Independent contractors, by definition, are self-employed. Because they aren’t employees, they aren’t covered by employment, labor, and related tax laws. As a result, some employers may be tempted to reclassify employees as independent contractors to avoid taxes, benefits, record-keeping requirements, overtime, and other expenses. Wage and Hour Compliance Manual Contractors are […]
Remember, the “Where’s the beef?” commercials Wendy’s restaurants began running in 1984? The advertising slogan soon became a catch phrase anytime someone wanted to question the substance of an idea or product. It seems to me, with apologies to my middle school English teacher, “Where’s the jobs?” is an appropriate slogan for the current, so-called […]
by Brian Molinari The ripple effect of stunning job losses since the recession that began in December 2007 have become commonplace across the United States. And it continues: the global pharmaceutical giant Eli Lilly has just announced plans to cut 13.6% of its workforce, roughly 5,500 workers. During the 20 months from December 2007 through […]
If you or your organization has a keen interest in health care reform, a key Senate committee has opened a short window of opportunity for you to have your say. The Senate Finance Committee released a report on Monday, May 18, outlining possible approaches to financing comprehensive health care reform. The full document is available […]
HR Hero Line editor Wendi Watts reviews the book While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, and Bankrupted San Diego, and Loom as the Next Financial Crisis by Roger Lowenstein. She argues that this book is particularly relevant and important in light of the current economic crisis and how […]
by Tracey A. Cullen It’s no news flash that companies must proceed with caution when classifying someone who provides them with services as an independent contractor. Independent contractors are paid flat fees without tax deductions or employment taxes. Employees are paid salaries subject to withholding, FICA, FUTA, and other employment taxes and are protected under […]