IRS Form 941 is a tax form that businesses file quarterly. It is how businesses report income taxes as well as payroll taxes, Social Security, and Medicare taxes that the business withheld from employee paychecks over the previous tax year. Filing deadlines are the last...
Question: A longtime good employee was caught forging his timesheet. We have terminated others for this policy violation in the past. Do I have to terminate this employee as well? His work has always otherwise been excellent, and I don't want to lose him. Answer from...
DHS Ending Temporary Policy for Form I-9 Identity Documents Beginning May 1, 2022, the Department of Homeland Security (DHS) is ending its temporary Form I-9 policy that allows employers to accept List B documents that expired on or after March 1, 2020. DHS adopted the temporary...
As tax season comes to a close and your ministerial staff starts getting their returns, they might want to re-think their housing allowance for 2022. Here’s a quick “how-to” to simplify that process! To satisfy IRS requirements, churches are responsible for 3 key things: Determine Eligibility. Ordained, licensed,...
Paid leave is a valued perk for your clients’ employees. A generous policy can help your clients compete on today’s tight labor market. Once on the job, employees who are able to use their PTO without a hassle will be more loyal and engaged. There are...
From wages and direct deposits to benefits and overtime calculations, navigating your payroll’s moving parts is cumbersome. Akin to payroll are taxes. In the United States, there are more than 15,000 tax codes. They change frequently… Keeping ongoing tabs of the ones affecting you is admittedly...
WASHINGTON — The Internal Revenue Service urged people to stay resolute against ongoing scams and schemes by properly securing computers, tablets and phones. Solid cybersecurity protection and scam recognition is vital to reduce the threat of identity theft inside and outside the tax system. The IRS works...
As America continues to move through the COVID-19 pandemic, we're confident we’ll emerge stronger than ever, and one of the main reasons is increased understanding of the need to support each other. By crystalizing the critical link between work and wellbeing, the past two years...
While ministers are employees for federal income tax reporting purposes, they are self-employed for Social Security purposes with respect to services they perform in the exercise of their ministry. This means that they must pay both the employee and the employer share of social security tax...
In general, yes. But you should have—and document—a legitimate business reason for doing so. Denying vacation requests will undoubtedly hurt morale, especially if it happens frequently, and low morale leads to higher rates of turnover. Discrimination claims are also a risk. Although denying vacation requests for...