hrdailyreport.com » tagIRS » HR Daily Report

IRS makes it easier for businesses and employees to help disaster victims


November 16, 2012 by Lee James

If you’re business is like most, there are employees who want to give what they can to help people who suffered losses in Hurricane Sandy, whether you were in the storm’s danger zone or not. It’s not too late to help — and the IRS makes it easier for employers to do just that.

Read the rest of this entry »

Hire qualified veterans before Jan. 1 and earn higher tax credits: What to do now


November 2, 2012 by Lee James

Good news for both for-profit and tax-exempt employers: The Internal Revenue Service has expanded the tax credit businesses can earn for hiring unemployed American veterans who meet certain qualifications.

Read the rest of this entry »

Taxing tips: IRS has new guidelines, just in time for summer help


July 3, 2012 by Lee James

It’s summertime — and the temporary help is hard at work waiting on tables and toiling at other jobs that bring in tips as part of a person’s income. 

Read the rest of this entry »

IRS releases 2012 COLA changes for retirement plans


October 31, 2011 by James Russo

The Internal Revenue Service has released a detailed list of pension plan and other retirement-related contribution limitations for 2012.

Read the rest of this entry »

IRS offers partial amnesty for FLSA violations


September 27, 2011 by James Russo

Companies that have misclassified workers as independent contractors can avoid big penalties and fines by signing up for an Internal Revenue Service program.

Read the rest of this entry »

Feds team up with 10 states to crack down on ICs


September 26, 2011 by James Russo

Classifying workers as independent contractors is about to get a lot tougher in at least 10 states that are part of a cooperative effort with IRS and the U.S. Labor Department to nab employers and employees who aren’t following IC rules.

Read the rest of this entry »

How some benefits affect your firm’s tax status


September 13, 2011 by James Russo

The Internal Revenue Service recently issued opinions on three benefits situations that are common to companies big and small.

Read the rest of this entry »

Senate bill: No more easy 401(k) loans


June 2, 2011 by James Russo

A new proposal would limit employees’ tapping their retirement accounts.

Read the rest of this entry »

Small firms get break on reporting benefits to IRS


April 18, 2011 by James Russo

The Internal Revenue Service just issued new guidance to employers on reporting the value of employee health benefits, and gave small business an extended exemption on reporting.

Read the rest of this entry »


advertisement

Research



advertisement

See what readers are saying...

  • Isabelle Downing: I am currently managing quite a few employees who are older than I am. This was a very interesting and helpful article....
  • Josh: So for example; my company has more than 150 employees and defines full-time status as regular hours of 35 per week. If ...
  • HR Skeptic: WOW. Giving pot (or any chemical, substance or intoxicant that would cause a reasonable person to be concerned) without...
  • Josh: Was the only reasonable accomodation she requested for the shoes? The only reason I could see to defend the company is t...
  • Josh: What are they wanting to change? This is great information if you had more information about the surveys that were condu...
  • Summer Daza: What our company is using is Time Doctor. Installing this...







a