Form 1099-MISC: is an Internal Revenue Service (IRS) tax return document that covers reporting for a wide range of payments made to non-employee individuals (e.g., independent contractors) over the course of the year on behalf of your trade or business. Personal payments are not reportable.
Posted in Accounting & Outsourcing
The “final rule” on overtime pay, long anticipated by the business sector, was issued by the U.S. Department of Labor (DOL) this spring. However, changes in the regulations do not formally take effect until December 1, 2016. Because of that, employers still have time to make the adjustments necessary to be in full compliance.
Posted in Business Advisory
If you’re an employer with full and part-time employees, get ready for potentially big changes in how certain employees may be entitled to overtime pay. The ramifications of new governmental regulations could have a sizeable impact on your bottom line—and if you’re an employer that’s affected, it may not take long to feel the bite.
Posted in Business Advisory
