At the end of each year, businesses like yours must prepare a few important reports to comply with legal and financial requirements. Here’s a brief guide to the most common end-of-year reports companies should prepare: Employee Tax Forms. These forms are important to maintain tax compliance and to report employee earned income. W-2 Forms:Continue Reading
On Dec 3, 2024, a federal judge in Texas granted a nationwide temporary injunction against the Corporate Transparency Act (CTA), which required all businesses operating in the US with an EIN (roughly 32.6 million) to file a Beneficial Ownership Information Report (BOIR). This report required companies to disclose the personal information of all beneficialContinue Reading
The Corporate Transparency Act (CTA) came into effect on January 1, 2024, with the goal to help the US government combat financial crimes like tax fraud, money laundering, corruption, and even drug and human trafficking. In order to do so, this law requires all businesses operating in the US with an EIN to fileContinue Reading
Healthcare costs can be a significant burden for both employers and employees, but there are strategies everyone can use to make the most of health benefits and help lower overall rates. By making strategic healthcare decisions, you can reduce the number of claims you file and lower out-of-pocket costs. Here are some tips toContinue Reading
Employers in the U.S. are required by Title VII of the Civil Rights Act of 1964 to make reasonable accommodations for employees with religious beliefs that conflict with work requirements, as long as doing so does not impose an “undue hardship” on the business. Recent Rulings A recent EEOC settlement with a Pennsylvania employerContinue Reading
With Election Day a couple of months away and record turnout expected in many states, it’s important for employers to understand their obligations when it comes to employee voting leave. It’s crucial to stay compliant while supporting your employees’ right to participate in elections. Providing Employees Time to Vote Employers must understand their responsibilitiesContinue Reading
Navigating employee leave requests during natural disasters like hurricanes can be a delicate process for businesses. Employers must balance supporting their employees while following legal guidelines, especially when it comes to federal laws like the Family and Medical Leave Act (FMLA), the Uniformed Services Employment and Reemployment Rights Act (USERRA), and internal company policies.Continue Reading
If you own a restaurant or are involved in the hospitality industry, there’s been a recent court decision you should know about. The Fifth Circuit Court of Appeals struck down a controversial rule from the Department of Labor (DOL) known as the “80/20/30 rule.” This ruling provides relief for employers struggling with the complexitiesContinue Reading
A significant legal decision has recently been made that impacts businesses across the United States. On August 20, 2024, the U.S. District Court for the Northern District of Texas struck down the Federal Trade Commission’s (FTC) rule that would have banned non-compete agreements with workers nationwide. This ruling comes weeks before the ban wasContinue Reading
What are non-cash fringe benefits? Non-cash fringe benefits are benefits an employee doesn’t receive cash for but does get taxed on. Some examples of commonly used fringe benefits are gift cards, Group Term Life Insurance greater than $50,000, personal use of a company vehicle, or health insurance premiums for 2% shareholder employees of S-Corps.Continue Reading
The U.S. Citizenship and Immigration Services (USCIS) has updated Form I-9 used for Employment Eligibility Verification, extending its expiration date to 05/31/2027. Employers must now use the Form I-9 with the edition date of 08/01/23, which may have expiration dates of either 07/31/2026 or 05/31/2027. Either form can be used until its respective expirationContinue Reading
The National Labor Relations Board (NLRB) recently retracted its controversial joint employer rule, which would have made it easier for workers to be considered employees of multiple entities. However, employers shouldn’t breathe a sigh of relief just yet. Four months ago, a Texas federal court judge struck down this rule, and the NLRB hasContinue Reading
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