Tax Resources for Accountants and Small Businesses (U.S.)
When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car to a client’s location, getting the reimbursement right...
What documents are needed for employee expense reimbursements? Manage business expense records Do you know what documents you need from employees when you reimburse them for expenses? If you’re like most small business owners,...
The WARN Act applies to private businesses with 50 or more full time workers in New York State. It covers: Closings affecting 25 or more workers Mass layoffs involving 25 or more full-time workers...
Minimum Wage Act The Minimum Wage Act (Article 19 of the New York State Labor Law) requires that all employees in New York State receive at least the applicable hourly Minimum Wage rate. This...
On the Fringes: The Ins and Outs of Fringe Benefits Fringe Benefits In order to attract and retain quality employees, most employers offer some time of additional compensation over the employee’s wage. These work...
Each dataset represents the form year of the filing (the year printed in the top right box of the form). For 2008 and prior datasets, each dataset represents the plan year of the filing (the plan year end date entered by the filer in Part I of the Form 5500).
Are Employee Reimbursements Taxable? In this article we are talking about employee reimbursements and taxation. 1. Employee Reimbursements It’s inevitable that your employees will pay for business expenses with their own money and ask...
Special Rules for Various Types of Fringe Benefits (Source: IRS) Taxation of Fringe Benefits Treatment Under Employment Taxes Type of Fringe Benefit Income Tax Withholding Social Security and Medicare (including Additional Medicare Tax when...
Employees and employers can keep accurate records of hours on the job. The DOL-Timesheet App helps track regular work hours, break time, and overtime hours. The new version of the app also enhances the...
Minimum wage NYS The federal minimum wage is $7.50/hour. But New York, like many other states, has higher minimum wage rates. Effective December 31, 2020, the minimum wage in New York state is at...
Minimum wages California is nationally known for having some of the most progressive laws in the country. Their minimum wage laws are no exception. California has one of the highest minimum wages as a...
List of cities Alameda, CA Albuquerque, NM Bangor, ME Belmont, CA Berkeley, CA Bernalillo County, NM Chicago, IL Cook County, IL Cupertino, CA Daly City, CA El Cerrito, CA Emeryville,...
Minimum hourly rates for tipped workers in NYS Minimum hourly rates that employers must pay to tipped workers in 2021 are here New York State law allows employers in all industries other than building...
Wage bracket method In California, there are two methods for determining the amount to be withheld from wages and salaries for state personal income tax. Method A – Wage Bracket Table Method (PDF) Low...
The minimum wage in New York State is $7.25/Hour, with few exceptions. Employers must post a Minimum Wage Information poster in their place of work. Minimum Wage Poster Farm Minimum Wage Poster Hospitality Industry...
ERISA is Employee Retirement Income Security Act of 1974. ERISA is a federal law that sets minimum standards for pension plans in private industry. For example, if an employer maintains a pension plan, ERISA...
The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a...
AccuWage Online is a free internet application offered by the Social Security Administration (SSA) that enables you to check EFW2 (W-2 Wage and Tax Statement) and EFW2C (W-2C Corrected Wage and Tax Statement) formatted...
Small and midsize employers can soon begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees....
Although there are some exceptions, almost all employees in California must be paid the minimum wage as required by state law. Effective January 1, 2017, the minimum wage for all industries will be increased...