Client Update: Nonemployee Compensation, Backup Withholding
Most business owners should know they need to withhold employment taxes (social security, Medicare, and income taxes) from their employees’ …
Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years
On July 14, 2022, a nonpartisan, nonprofit think tank provided recent analysis of the Consumer Price Index (CPI) that shows the federal …
U.S. Ending Tax Treaty With Hungary
The Treasury Department has begun dismantling the United States’ tax treaty with Hungary, (see Payroll Guide ¶21,475) whose government recently blocked …
Independent Contractor and H-2A Visa Rules Received by White House Subcommittee
The White House’s Office of Management and Budget (OMB) subcommittee, the Office of Information and Regulatory Affairs (OIRA), has received rules from …
IRS Tightens Compliance Standard for Employer OICs
The IRS has provided interim guidance on when an employer is “in compliance” with its federal tax deposit requirements for …
APA 2022 Virtual Congress Workshop Explains How to Reduce Payroll Problems with Reconciliations
On June 22, 2022, the American Payroll Association’s (APA) 2022 Virtual Congress held a workshop that discussed how to reduce …
Fast Food Franchisee Marks Quick Moves to Correct FLSA Child Labor Violations
The U.S. Department of Labor (DOL) has announced that a Wendy’s fast food restaurant franchisee has taken steps to correct Fair …
Is Attracting the Best Talent Worth the Employment and Tax Law Compliance Burdens of Remote Work Arrangements?
By Michael Semes and Amy Traub (BakerHostetler) During the pandemic, many employees were prohibited from coming into their assigned office …
IRS Encourages E-Filing for Payroll Tax Returns
In an information release, the IRS has reminded employers that the next quarterly payroll tax return is due November 1, …
IRS Issues Temp Regs on Erroneous Refund of COVID-19 Credits
The IRS has issued temporary regs for reconciling advance payments of refundable employment tax credits provided under the Families First …