Employment

What to Consider When Selecting an Employee Benefits Plan

By |2019-01-16T09:51:45+00:00January 16th, 2019|Accounting, Advisory, Economy, Employment, Insurance, IRS, Tax|

For business owners, identifying ways to provide fringe benefits to attract and retain employees has become more crucial than ever.  In this era of low unemployment rates, having a competitive advantage in the labor market can be difficult. This will, in turn, impact a business’ ability to recruit and retain qualified employees and keep operations [...]

Employer Risks Associated with Wage Garnishments

By |2018-04-17T10:30:58+00:00March 13th, 2018|Accounting, Employment, Garnishment|

Jodi Kerr, Tax Principal at TD&T CPAs and Advisors, P.C., provides some insight on types of wage garnishments and possible employer risks. Many businesses are dependent on a dedicated, dependable work force. Hiring, retaining and compensating employees adds another level of challenges to a small business owner. One specific challenge involves managing employee wage garnishments. [...]

Personnel Files: What Should They Contain?

By |2018-02-09T11:02:39+00:00February 9th, 2018|Employment, Records|

Having employees is not only critical to the operations and success of your business, but they also add compliance and record-keeping requirements that are sometimes overlooked.  Many small and medium-sized companies do not have the need or financial resources to hire a human resource professional, therefore, those duties normally fall on the controller, bookkeeper or [...]

Tax Time with TD&T: To Be an Employee, or Not To Be…That Has Become The Question

By |2018-11-28T15:01:46+00:00January 10th, 2018|Deductions, Employment, Tax|

Many people are wondering if it’s now more beneficial to be self-employed rather than an employee since the release of tax reform details.  Two reasons this is coming up: The itemized deduction for unreimbursed employee expenses is no longer available for tax years 2018-2025. Passthrough income earners (self-employed people) may now potentially take a 20% [...]

Work Opportunity Tax Credit: Good for your Business and Good for the Nation

By |2018-11-28T15:07:03+00:00March 1st, 2017|Employment, Tax, Tax Services, WOTC|

A lot of employers overlook this important tax credit. Lyndi DeVries, Business Services Manager at TD&T, provides some background on this potentially valuable opportunity for your business. When your business looks to hire employees, you may inadvertently overlook some specific groups who sometimes face barriers to employment. Enacted in 2015, the Protecting Americans from [...]

Know the Difference Between Independent Contractors and Employees

By |2018-11-28T15:07:11+00:00December 1st, 2016|Employment, Tax, Tax Services|

This quarter’s article from TD&T Business Services Manager Lyndi DeVries provides a refresher on the employee vs. subcontractor classification as defined by the IRS. When you hire someone for a long-term, full-time project or a series of projects that last for an extended period, you need to understand the difference between independent contractors and employees.  [...]

You May Still Qualify for the 2015 Work Opportunity Tax Credit

By |2017-04-21T12:54:08+00:00July 1st, 2016|Employment, Tax, Tax Services, WOTC|

To encourage businesses to hire individuals from certain select groups, Congress Passed the Work Opportunity Tax Credit (WOTC) for employers. As they did for a lot of credits and other tax code opportunities, Congress did not renew the WOTC until late in 2015, but the extension applied retroactively back through the entire year.  In addition, [...]

New Department of Labor Ruling on Overtime Pay

By |2017-04-21T12:54:22+00:00July 1st, 2016|Employment, Healthcare|

Department of Labor Issues New Ruling on Overtime Pay Important Updates on Overtime Pay and Changes in the QAAF This article provides information on two current issues of concern to TD&T clients: The Department of Labor’s New Overtime Pay Ruling Changes to the Quality Assurance Assessment Fee (QAAF) Department of Labor Issues New Ruling on [...]