Understand How the Definition of Independent Contractor Has Changed Again

Whether someone who performs work for you qualifies as an employee or an independent contractor matters a great deal in terms of your financial and legal obligations to that individual. This includes such issues as whether your business must pay minimum wage and overtime pay, and provide mandated employee benefits. Under President Obama, the U.S. Department of Labor's Wage and Hour Division (WHD) Continue Reading

Retaliation Rule and Other Changes Coming from OSHA

The Occupational Safety and Health Administration (OSHA) has been busy. The agency recently clarified the definition of "retaliation" in a provision that will take effect in November. Also, earlier this year, OSHA finalized a new set of rules governing how you track and report workplace injuries and illnesses. Here are some details about the changes to come. Details, Please OSHA sees a Continue Reading

Employers Get Extension on Work Opportunity Tax Credit Paperwork

Are you an employer who claims the Work Opportunity Tax Credit (WOTC)? Or perhaps you haven't claimed the credit yet but you are interested in taking advantage of the tax break. You now have until April 30 to provide a pre-screening form for certain groups of qualifying workers hired in 2014, the IRS recently announced. WOTC Basics Under tax law, the WOTC is available to employers Continue Reading

IRS Offers New Guidance on Roth 401(k) Rollovers

As the name implies, the "Roth 401(k)" is a hybrid retirement plan that an employer can provide to its employees. This type of plan combines several elements of traditional 401(k) plans with Roth IRA features in designated accounts. Now, the IRS has issued new guidance on rolling over funds from a traditional 401(k) account to a Roth account within the same plan (Notice 2013-74). IRS Continue Reading