As the economy continues to expand, churches now more than ever need to possess a thorough understanding of the classification for each person performing services for the church. Knowing whether the IRS views someone as your employee or as an independent contractor dictates tax obligations...
A system is a method of solving a repeated business issue in a strategic and effortless way. — Neil Patel, Forbes ‘Top 10 Marketer’ and revenue growth expert Good systems solve business problems, including unplanned overtime. Does your company have an unplanned overtime problem? If so, you’re...
Several factors should be considered when choosing a pay frequency, including legal requirements, your industry, employee classification and payroll administration costs. 1. Legal requirements The Fair Labor Standards Act does not say how often employers must pay employees. However, according to the U.S. Department of...
WASHINGTON − The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes. Taxpayers who paid too little tax during 2021 can still avoid a surprise tax-time bill and possible penalty by...
Many businesses are struggling with a worker shortage. It is happening across the board: staff shortages at our doctors' offices, at child care centers and at the restaurants we frequent. Businesses, their employees and their customers and clients all are unhappy and trying hard to...
Self-employment tax Clergy are not eligible to have FICA taxes withheld from their church compensation. In lieu of FICA taxes, clergy pay self-employment tax, also known as Self-Employment Contributions Act tax (SECA). Reimbursements from an employer of SECA are taxable as wages. However, even though...
Relatively few companies offered flexible work environments prior to 2020. When the global health crisis turned the world upside down, mandatory closures and lockdowns forced an abrupt shift. Suddenly, millions of employees whose jobs could be done virtually were working from home. Even organizations with frontline...
Something is lacking in your current payroll provider. Maybe it is responsible for much of your payroll problems — too many paycheck errors, you could never get anyone on the phone or its services are too expensive. Or maybe you've simply outgrown each other —...
IR-2021-251, Dec. 17, 2021 WASHINGTON — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2022, the standard mileage rates for the use...
Heads up, employers. Just as we thought the COVID-19 pandemic was turning a corner, mask mandates are making a comeback. Eight states have recently announced all are required to wear masks indoors, regardless of vaccination status. Those states are: California Hawaii Illinois Nevada New Mexico New York Oregon, and Washington Puerto Rico also has a...