You might have heard about per diem pay before. But, are you familiar with Publication 1542? Learn more about Publication 1542 per diem rates and how to calculate per diem pay below.
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What Is Per Diem? How to Cover Employees’ Travel-related Business Expenses
When employees incur travel-related business expenses, you might consider covering their costs. You can reimburse employees for expenses by giving them per diem pay. What is per diem pay?
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I-9 Documents: Passports, Licenses, Birth Certificates, Oh My!
So you’ve hired an employee. Congratulations! Now what? One of the new employee forms your team member must complete is Form I-9, Employment Eligibility Verification. And to complete the required form and prove their eligibility, your new hire must bring in I-9 documents.
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IRS Electronic Filing Requirements: Who Needs to E-file?
You may have to file information returns like Form W-2 and Form 1099-NEC when you have employees, work with independent contractors, or meet other requirements. Some businesses must electronically file these returns with the IRS. There is an IRS electronic filing threshold that determines which companies must e-file.
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New Overtime Rule for 2024 REVERSED: How Will it Affect Your Business?
In July 2024, four million new workers were going to become entitled to overtime pay, thanks to the Department of Labor’s (DOL) new overtime rule. But on November 15, 2024, a federal judge blocked the new overtime rule.
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What Is a Nonexempt Employee?
Worker classification is critical. After you’ve narrowed down whether a worker is an independent contractor vs. employee, you’re not done. You need to also figure out if an employee is nonexempt. What is a nonexempt employee?
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What Is Certified Payroll? What to Know If You Land a Federal Contract
Step 1: Land the contract for a federal government-funded job. Step 2: Comply with your certified payroll reporting requirements. What is certified payroll?
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For the Love of Your Small Business: 11 Wage Violations You Need to Avoid
The Department of Labor recovered over $274 million in back wages and damages in 2023 due to wage violations. Employers who use illegal payroll practices owe back the money they “steal” from employees and are subject to hefty penalties. Plus, these businesses lose the trust of their workers and harm their employer brand.
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What to Know About Form CP-575 [IRS EIN Notice]
Most businesses need, or will at some point need, an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575.
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Hiring Teens This Summer? Here’s Your Homework on Labor Laws for Minors
The closer summer gets, the more teens begin looking for jobs. And, they might be applying to work for you. The Fair Labor Standards Act (FLSA) sets specific rules for hiring teens and children. Know the minor employment laws before you take on a minor employee. To learn more about the labor laws for minors […]
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