Per the IRS: Do not accept an ITIN in place of an SSN for employee identification or for work. An ITIN is only available to resident and nonresident aliens who are not eligible for U.S. employment and need identification for other tax purposes. You can identify an ITIN because it is a 9-digit number that [...]
Here are some recent examples of companies that faced heavy fines for violating labor laws. Home care agency owed overtime to 55 employeesAlma Conway Home Care LLC, a Philadelphia home care agency, owed back wages to 55 employees due to its Fair Labor Standards Act violations. The business paid straight time rates even when employees [...]
The Employee Retention Credit (ERC) is a refundable tax credit against certain employment taxes for businesses affected by the 2020 government-mandated shutdown. You have likely seen or heard ads for companies proposing to file ERC (Earned Income Credit) applications for you, claiming you can get back $27,000 per employee. Be aware that many of those [...]
Though we’re all different, we can all thrive in the same workplace. That’s the motivating belief behind efforts to increase diversity, equity, inclusion, and belonging (DEIB). When done well, these efforts redesign the workplace from an environment that holds certain people back to one that empowers everyone to succeed. Together, they create an environment where [...]
Great job, HR! Diversity recruitment is up — exactly what many companies prioritized in recent years. But, there’s a glitch. And it’s a big one. Diversity retention is down. Companies are getting a more diverse workforce, but they aren’t keeping the employees. Read more.
IRS Tax Tip 2023-66, May 11, 2023 When employers hire people with disabilities or make their business accessible to employees and customers with disabilities, they may be eligible for certain tax benefits. These tax benefits encourage employers to hire qualified people with disabilities and off-set some of the costs of providing accommodations. Disabled Access Credit [...]
The IRS continues to see third parties aggressively promoting Employee Retention Credit (ERC) schemes. In News Release IR-2023-105, the IRS renewed an alert for businesses and tax exempt groups to watch out for warning signs of aggressive Employee Retention Credit marketing. These promoters may lie about eligibility requirements. In addition, taxpayers using these companies could be at risk [...]
Accommodations required for these employees The federal Pregnant Workers Fairness Act (PWFA) will take effect June 27, 2023. The PWFA requires employers to provide reasonable accommodations– e.g., additional break time to use the bathroom, eat and rest – to employees affected by pregnancy, childbirth, or related medical conditions. An existing law, the Pregnancy Discrimination Act [...]
Small businesses play an important role in the nation's economy. During National Small Business Week, the IRS reminds taxpayers that IRS.gov has resources and tools to help small businesses understand and meet their tax responsibilities. Bookmark these important webpages Small Business and Self-Employed Tax Center: Resources for small businesses with assets under $10 million and for [...]
Most HR professionals would agree that turnover is a source of stress. Losing an employee can feel like losing an investment, and replacing that person has its own costs—advertising, onboarding, training, and coverage to name a few. But we also know that turnover is a manageable cost of doing business, and sometimes even welcome. In [...]
