The Internal Revenue Service recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan). The guidance confirms that, when a taxpayer's loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible to exclude the forgiveness from income and must include...
A hiring manager, eager to fill an exciting new role in the company, reacquaints himself with a candidate’s resume as that candidate takes a seat across from him. Looking up, the hiring manager jolts involuntarily, surprised to see a gray-haired man likely in his late...
Now that President Biden has announced student loan relief, the state tax treatment of forgiven loans is of interest to many ministers. Ministers who have student loans forgiven are spared a federal tax bill, but not all states treat forgiven loans the same. A forgiven loan amount is...
A Deloitte study of over 800 employers revealed an average of 31 unplanned overtime hours each week per company. In some situations, it might make sense to let employees work overtime for a few pay periods. For example, if you don’t need an additional employee long-term,...
Studies repeatedly cite health insurance as the most desired workplace benefit among employees. However, recent studies show an increasing demand for nonmedical workplace benefits. In November 2021, LIMRA reported that nonmedical benefits are expected to increase 20% by 2026. This data comes from a survey conducted...
Notice 2022-44 announces the special per diem rates effective October 1, 2022, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. This notice provides the special transportation industry rate, the rate for the...
Question: Can I require applicants to have a high school diploma? Answer: We recommend that you not require applicants to have a high school diploma unless you can demonstrate that the requirement is job-related and consistent with business necessity. Requiring a diploma when it's unrelated to...
Question: Can we require staff to cover tattoos? Answer: Simply answered, yes. But we recommend following your written dress code policy on this matter, which is generally in your Staff Handbook. Tattoo policies usually depend on the culture of the organization and the image they want...
Question: Can we require employees to do extra work outside their scheduled hours? Answer: Yes. As an employer, you have control over schedules and can modify them as needed. That may mean scheduling additional work time for employees on occasion. We recommend having this written...
Earned wage access has become a popular benefit among employees. While it offers financial flexibility to both salaried and hourly workers, it is particularly in demand for hourly workers. When financial stress in the workforce is high, earned wage access can provide employers with a...