Posts Tagged ‘Wages’
Is It Illegal To Pay My Employees Late?
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…Read More
Employee Loans, Good Idea or Bad?
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…Read More
Tip Reporting, What you need to know about form 8027
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…Read More
5 Ways to Avoid Legal Problems during Tax Season
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…Read More
The Basics of Completing a W2 Form
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…Read More
What Are 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…Read More