The Ultimate Tip Credit Guide for Restaurants
Restaurants can use tipped wages, in most states, to reduce labor cost and reduce taxes. The result can be savings of tens of thousands of dollars per year or more. However, restaurant owners and managers must understand the regulations and rules governing tips. Not being in compliance with tip laws is a violation of labor laws and can lead to legal action, labor investigations, audits and fines. Negative rulings and findings can result in legal monetary settlements, fines and taxes. Our ...
Why I9 Matters | I9 Checklist
Every employer must be vigilant about compliance to proper documentation when hiring employees. A key document after hiring an employee is the I9 form. Failure to comply with I9 requirements can result in penalties per missing or incorrect I9. Download our Why I9 Matters | I9 Checklist Guide to understand your I9 responsibilities and determine if you are in compliance.
Save on Payroll: 12 Benefits of an Automated Timekeeping System
Increasing regulatory and labor requirements is causing your payroll cost to escalate and demanding more time to manage your payroll. Healthcare regulations now require you to understand the number of fulltime and fulltime equivalent employees to show compliance to the law. While a business cannot control the regulatory requirements or laws, they can understand, control and manage labor cost. An automated timekeeping system provides an effective system to help companies track and manage their...
Employee or Independent Contractor and Why it Matters
Knowing these 20 Factors Used by the IRS to determine if a worker is truly an Independent Contractor can save you thousands or even tens of thousands of dollars in back-taxes, penalties and interest. For every worker the IRS finds you misclassified as an Independent Contractor, they will reclassify the worker as an employee. When that occurs you become liable for back-taxes owed for each employee they reclassify, plus any interest and penalties levied. To assist and help you avoid owin...