IRS 20 Factor Test: Independent Contractor or Employee, Who Has Control Over the Work Being Done?

It is critical to classify workers correctly to avoid hefty fines, taxes, penalties, etc. The Department of Labor is “cracking down” on employers who misclassify workers. The consequences of misclassifying workers are many, including: Audits Company could owe IRS back taxes with interest, plus penalty 12% – 35% Federal and State agencies back pay, back … Continue reading IRS 20 Factor Test: Independent Contractor or Employee, Who Has Control Over the Work Being Done?

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IRS: Affordable Care Act Simplified Reporting Must Be Met Each Month

According to an IRS official, employers need to be sure they are offering affordable, minimum-value coverage to at least 98% of the employees on whom they report under the Affordable Care Act on a monthly basis, rather than a yearly average, in order to use simplified reporting rules. Employers that have part-time employees close to … Continue reading IRS: Affordable Care Act Simplified Reporting Must Be Met Each Month

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President Signs Executive Order Requiring Disclosure of Employment Violations

President Barack Obama issued an executive order on July 31 requiring federal contractors to disclose violations of wage and hour, health and safety, family and medical leave, collective bargaining, and other workplace laws. The Fair Pay and Safe Workplaces executive order, applying to new federal contracts of more than $500,000 starting in 2016, will require … Continue reading President Signs Executive Order Requiring Disclosure of Employment Violations

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FLSA: Calculating Overtime for Employees Who Work Two Jobs at the Company

When an employee is not specifically exempt from the Fair Labor Standards Act’s (FLSA) overtime requirements, you must pay for hours worked over 40 per work week at a rate that’s at least one and one-half times the employee’s regular rate of pay. If during a single work week an employee does two or more … Continue reading FLSA: Calculating Overtime for Employees Who Work Two Jobs at the Company

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