The US Department of Labor recently announced the availability of a new tool to help America’s employers ensure their employment policies and practices do not discriminate against qualified individuals with disabilities. The interactive, online Disability...
The Internal Revenue Service (IRS) recently released a revised Form 941, Employer’s QUARTERLY Federal Tax Return, to be used by employers to claim payroll tax forgiveness under the HIRE Act for qualifying new hires. Newly added lines on Form 941 include the following:...
Due to the severe storms, tornadoes and straight-line winds in Oklahoma beginning May 10, 2010, President Barack Obama declared the following counties a federal disaster area: Carter, Cleveland, Creek, Garvin, McIntosh, Okfuskee, Oklahoma, Pottawatomie and Seminole....
The recently enacted Patient Protection and Affordable Care Act (the Act) will expand information reporting requirements starting in 2012. §9005 of the Act amends §6041 of the Internal Revenue Code of 1986 (IRC) so that payments to corporations that were previously...
This week’s question comes from Mike, a small-business owner. We have hired some employees whose native language is Spanish. They are better able to understand forms in Spanish than they are in English. We need them to complete Form W-11 in order to claim payroll tax...
According to the US Department of Labor, in the week ending May 22, the advance figure for seasonally adjusted initial claims was 460,000, a decrease of 14,000 from the previous week’s revised figure of 474,000. The 4-week moving average was 456,500, an increase of...
In IR-2010-065, the Internal Revenue Service (IRS) announced that interest rates for the third quarter of 2010 would remain unchanged from the second quarter. The rates are as follows: Four (4) percent for overpayments [three (3) percent in the case of a corporation];...
The Internal Revenue Service (IRS) recently released Rev. Proc. 2010-22, which contained the 2011 inflation adjusted amounts for Health Savings Accounts or HSAs. Since the changes in the Consumer Price Index for the relevant period do not result in changes to the...
The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. Over the next several weeks, Vision Payroll will be providing further information on the Small...
Due to the severe storms, flooding, and tornadoes in Mississippi beginning May 1, 2010, President Barack Obama declared the following counties a federal disaster area: Alcorn, Benton, Lafayette, Tippah and Tishomingo. Therefore, the Internal Revenue Service (IRS)...
Due to the severe storms, flooding, mudslides and tornadoes in Kentucky beginning May 1, 2010, President Barack Obama declared the following counties a federal disaster area: Adair, Allen, Anderson, Barren, Bath, Bourbon, Boyd, Boyle, Butler, Carter, Casey, Christian,...
This week’s question comes from Mark, a business owner. We read that the minimum wage in Nevada will increase on July 1, 2010. We know that we must pay weekly and daily overtime if the employee’s hourly wage is below a certain rate. What are the new daily overtime...
According to the US Department of Labor, in the week ending May 15, the advance figure for seasonally adjusted initial claims was 471,000, an increase of 25,000 from the previous week’s revised figure of 446,000. The 4-week moving average was 453,500, an increase of...
In a recent study conducted by the Society for Human Resource Management (SHRM), 21% of employees quit their jobs because they believed their boss to be incompetent or difficult. The first step toward making sure that none of your managers becomes crowned as an...
Michael Tanchek, Labor Commissioner for the Department of Business and Industry, State of Nevada, announced recently that effective July 1, 2010 the minimum wage for employees to whom qualifying health benefits have been made available by the employer will be $7.25...
Monday, May 31, 2010 will be Memorial Day, a federal holiday. The offices of Vision Payroll will close Friday May 28 at 5 pm EDT and re-open Tuesday June 1. Most banks will also be closed in observance of the holiday. Date Paid Process Deadline 5/31/10 5/26/10 6/01/10...
Under the Patient Protection and Affordable Care Act of 2010, employers must provide a nursing mother a reasonable break time to express breast milk for up to one year after her child’s birth. There is no quantified limit on the number of breaks to be allowed or the...
The Internal Revenue Service (IRS) recently released revised 2010 Form W-2, Wage and Tax Statement, and revised 2010 Form W-3, Transmittal of Wage and Tax Statements. The revised 2010 Instructions for Forms W-2 and W-3 indicate that employers should: Report the amount...
This week’s question comes from Kate, a restaurant manager. We know that the Spanish W-4 doesn’t come out at the same time as the English W-4. Is the 2010 Spanish W-4 now available? Answer: The 2010 Form W-4, Employee’s Withholding Allowance Certificate was released...
According to the US Department of Labor, in the week ending May 8, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 4,000 from the previous week’s revised figure of 448,000. The 4-week moving average was 450,500, a decrease of 9,000...
A job offer letter should try to contain the right combination of professionalism, optimism, information and, of course, relevant disclaimers. Court cases such as Williams v. Computer Resources, Inc., 851 P.2d 967 (Idaho 1993) show the importance of proper wording in...
Due to the severe storms, flooding, straight-line winds and tornadoes in Tennessee beginning April 30, 2010, President Barack Obama declared the following counties a federal disaster area: Benton, Cannon, Carroll, Cheatham, Chester, Clay, Crockett, Davidson, Decatur,...
Due to the severe storms, tornadoes, straight-line winds, and flooding in Alabama beginning April 24, 2010, President Barack Obama declared the following counties a federal disaster area: DeKalb, Marshall and Walker. Therefore, the Internal Revenue Service (IRS)...
Due to the severe storms, tornadoes and flooding in Mississippi beginning April 23, 2010, President Barack Obama declared the following counties a federal disaster area: Attala, Choctaw, Holmes, Monroe, Oktibbeha, Union, Warren, and Yazoo. Therefore, the Internal...
Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9%, and the labor force increased sharply, the US Bureau of Labor Statistics reported recently. Job gains occurred in manufacturing, professional and business services, health...
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