Crowdfunding contributions may be includible in the gross income of the person receiving them depending on the facts and circumstances. The crowdfunding website or its payment processor may be required to report distributions of money raised if the amount distributed meets certain reporting thresholds. Here are...
At Payroll Partners, we are incredibly thankful for you, our valued clients. Your trust and loyalty inspire us to continuously improve our services and provide the best payroll solutions possible. We appreciate your ongoing support and are committed to helping your business thrive. Thank you...
Most churches will issue a Form W-2 to a minister for their compensation if the minister is considered an employee of the church. The determination of whether a minister is an employee or an independent contractor is crucial in deciding whether to issue Form W-2...
Retaining hourly talent is crucial for maintaining productivity and reducing turnover costs. Start by...
On November 15, 2024, a federal court in Texas ruled that the Department of Labor had overstepped its authority with the most recent rule increasing the minimum salary for exempt employees. The July 1 increases are void, the additional increase that would have taken effect...
WASHINGTON — The Internal Revenue Service announced that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit. Third-party payers report and pay clients’ federal employment taxes under the third-party payer’s Employer Identification...
While there are some similarities between the Pregnant Workers Fairness Act (PWFA) and the Americans with Disabilities Act (ADA), they have distinctly different purposes. The PWFA covers workers who weren’t eligible for accommodations under the ADA. If you have at least 15 employees, your company...
Giving gifts to our employees can be one of the best ways to express our gratitude for a job well done. On the other hand, the laws surrounding what we give (and to whom) can make it a tricky business. Yes, it’s unfortunate that our...
Flu season can detrimentally affect the workplace unless your organization finds a way to be prepared and cope. Here are three basic ways you can get ahead of it: Provide Plenty of Sick Time Sick employees often still come to work because they don't want...
As the year comes to a close, there’s a major change looming on the horizon for employers across the United States. Starting January 1, 2025, the minimum salary for most overtime-exempt employees under the Fair Labor Standards Act (FLSA) is set to rise to $58,656...