Blog
Question of the Week: Does a Sole Proprietor Have to Pay Payroll Taxes on Children’s Wages?
This week’s question comes from Brad, a sole proprietor. My 16-year-old daughter will be out of school soon and I’d like to hire her for the summer in my sole proprietorship. Does a sole proprietor...
Unemployment Insurance Weekly Claims Report Update for June 6, 2009
According to the US Department of Labor, in the week ending June 6, the advance figure for seasonally adjusted initial claims was 601,000, a decrease of 24,000 from the previous week's revised...
Tip of the Week: IRS Proposes New Methods for Substantiating Cell Phone Use in Notice 2009-46
In Notice 2009-46, Substantiating Business Use of Employer Provided Cell Phones, the Internal Revenue Service requested comments from the public on several proposals for simplifying employer...
IRS Provides Guidance on Employer Determination of Involuntary Termination
The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily...
KY Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to severe storms, tornadoes, flooding and mudslides in Kentucky on May 3, 2009, President Barack Obama declared the following counties a federal disaster area: Breathitt, Floyd, Owsley and Pike....
FL Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to severe storms, flooding, tornadoes and straight-line winds in Florida on May 17, 2009, President Barack Obama declared the following county a federal disaster area: Volusia. Therefore, the...
Unemployment Rate Rose to 9.4 Percent in May
Nonfarm payroll employment fell by 345,000 in May, about half the average monthly decline for the prior 6 months, the Bureau of Labor Statistics of the US Department of Labor reported recently. The...
Question of the Week: How Do Students Claim Exemption from Income Tax Withholding?
This week’s question comes from Will, a restaurant owner. We’ve hired several students to work for us this summer. Most of them don’t expect to owe any income tax this year. How do students claim...
Unemployment Insurance Weekly Claims Report Update for May 30, 2009
According to the US Department of Labor, in the week ending May 30, the advance figure for seasonally adjusted initial claims was 621,000, a decrease of 4,000 from the previous week’s revised figure...
Tip of the Week: The Impending Impact of the Employee Free Choice Act
You may have heard news reports about the Employee Free Choice Act (EFCA), but aren’t sure how it might impact your company. All employers must be aware of what its passage would mean, how it would...
