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Wages

Is It Illegal To Pay My Employees Late?

Simple Payroll
Is It Illegal To Pay My Employees Late? Following the law regarding employee pay is important to avoid lawsuits and costly penalties. It is illegal to pay your employees late, and doing so could result in legal action. Here’s what you need to know about late payment of employees. Federal Law Regarding Late Payment The federal government created the Fair Labor Standards Act (FLSA) to protect ...
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Employee Loans, Good Idea or Bad?

Employee Loans
Employee Loans, Good Idea or Bad? There is nothing unusual about an employee asking their employer for a loan, especially when faced with an emergency or financial hardship. Most employees prefer borrowing money from their employers as opposed to going for bank loans. This is attributable to the fact that the majority of businesses offer more favorable terms than banks while being able to line up...
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Tip Reporting, What you need to know about form 8027

Tip Reporting
Tip Reporting, What you need to know about form 8027 One of the necessities for us restaurateurs is to comply with the Internal Revenue Service (IRS) rules regarding tip reporting. All the employers that operate large food and beverage establishments need to report the income of their employees for the services offered and earned in the form of tips. Form 8027 can apply to any business that op...
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5 Ways to Avoid Legal Problems during Tax Season

Tax
5 Ways to Avoid Legal Problems during Tax Season Tax season is almost here. It is usually accompanied by too much paperwork and confusion. Without proper preparation for this season, you can find yourself facing the law. Too many time people have been caught on the wrong side of the law not for being criminals but because of ignoring small important details. Tax season is all about details. Gathe...
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The Basics of Completing a W2 Form

W2
The Basics of Completing a W2 Form A W2 is a tax form that every employer in the United States must fill out annually, and then provide a copy of that form to employee(s) during tax season. Tax season begins on January 1st of every year and ends on April 15th, unless that day falls on a weekend or holiday in which case would be extended until the next business day. Although employees have until A...
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What Are Prevailing Wages?

Prevailing Wages
What Are Prevailing Wages? Prevailing wages have been around in the United States since 1931 when the federal government created the Davis Bacon Act. In the Davis Bacon Act, contractors and subcontractors who are working on a federally funded project that costs over $2,000 must pay their laborers the locally prevailing wages and fringe benefits of the state for corresponding work on similar proje...
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