Blog
Unemployment Rate Fell to 9.5 Percent in June
Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 %, the US Bureau of Labor Statistics reported recently. The decline in payroll employment...
Question of the Week: Do I Need To Withhold State Tax on Wages Paid to Non-Residents?
This week’s question comes from Aaron, a business owner. We have several employees who work in Massachusetts, but live in neighboring states. Do I need to withhold state tax on wages paid to...
Unemployment Insurance Weekly Claims Report Update for June 26, 2010
According to the US Department of Labor, In the week ending June 26, the advance figure for seasonally adjusted initial claims was 472,000, an increase of 13,000 from the previous week’s revised...
Tip of the Week: Flooding Disables GA Online Tax Systems
On June 6, 2010, overheated computer equipment activated a sprinkler system that flooded four floors in the Georgia Department of Revenue (DOR) headquarters. As a result, the online system was...
IRS To Help BP Oil Spill-Impacted Taxpayers
In IR-2010-078, the Internal Revenue Service (IRS) released guidance based on current law that explains how the government can help BP oil spill-impacted taxpayers. “This is a very difficult time...
Department of Labor Rules That Mooning of Co-Worker Is Not Gross Misconduct
The US Department of Labor (DOL) Employee Benefits Security Adminstration (EBSA) has ruled in a determination letter that the mooning of a co-worker is not gross misconduct that would disqualify an...
IRS Provides Relief to Plan Sponsors in States Impacted by Storms
In Notice 2010-48, the Internal Revenue Service (IRS) provided administrative “relief to sponsors of defined contribution pre-approved plans (i.e., master and prototype (‘M&P’) and volume...
Twelve Lawsuits Alleging FLSA Violations by Bank of America to Be Centralized in Kansas
Twelve separate lawsuits from California, Florida, Kansas, Texas, and Washington, all of which allege that Bank of America (either Bank of America, NA or Bank of America Corp.) “routinely fails to...
Question of the Week: Can an LLC Member Receive a Paycheck from the LLC?
This week’s question comes from Nikki, an LLC member. I am a member in an LLC. My neighbor is a member and receives a paycheck, but I’ve been told that I can’t receive a paycheck. Can an LLC member...
Unemployment Insurance Weekly Claims Report Update for June 19, 2010
According to the US Department of Labor, in the week ending June 19, the advance figure for seasonally adjusted initial claims was 457,000, a decrease of 19,000 from the previous week’s revised...
