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It’s time to review (or create) your document retention policy

Business Management Daily

As financial statements, tax returns, and similar types of records will be a concern for all organizations, including your CPA or a similar accounting professional on the team is a smart move. If you have employees, you must keep all employment tax records for at least 4 years after the date the tax becomes due or is paid, whichever is later.

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New Jersey passes first statewide Commuter Benefit Ordinance

Benefit Resource Inc.

Every employer in the State of New Jersey that employs at least 20 people shall offer all employees the opportunity to utilize a pre-tax transportation fringe benefit (AKA a commuter benefit plan) as defined by Section 132(f) of the Internal Revenue Code. This mirrors the definition used in unemployment compensation law. .

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ADA reasonable accommodation checklist

Business Management Daily

Equal Employment Opportunity Commission (EEOC) enforces Title I of the ADA. They may struggle with the definition of “reasonable accommodations” or who exactly qualifies for assistance. Item 3: Examine the definition of “reasonable” and of “undue hardship”. Next, consider the definition of “undue hardship.”

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How to Effectively Manage Payroll Services?

Qandle

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Calculating your employees’ salary, issuing payments, preserving payroll records, and collecting tax forms are all part of payroll management. Avoid late payments and mistakes.

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Are wages or salary fully covered by workers’ compensation insurance?

Workers' Compensation Perspectives

The formula for calculating net or spendable earnings may vary but is generally considered as Gross earnings less income taxes (state/federal/provincial) and other mandatory deductions. The National Commission on State Workmen’s Compensation Laws (1972) recommended a compensation rate moving to at least 80% of spendable earning s.

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Why 9-to-5 Is Not That Bad

HR Digest

If you work at a job that makes you miserable, you should definitely consider other options. Plus, as an employee of a company rather than an independent contractor or freelancer, you don’t have to worry about being paid on a commission basis or getting paid less than minimum wage because of tips or commissions from other sources.

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What is a statutory employee? Understanding the impact of worker classification

Higginbotham

A statutory employee is a worker who would be considered an independent contractor under common law rules but must be treated as an employee for certain tax purposes. Businesses are responsible for paying employment taxes and collecting payroll taxes for their employees. Two groups of drivers fall into this category.