Last week I attended the 2010 Staffing Industry Analysts (SIA) Executive Forum in Las Vegas. This year’s conference (now in its 19th year) had a theme of “The Upside of the Downturn…Thriving in a Brave New Staffing World.” More than 500 senior executives from staffing, consulting, and human capital services firms gathered for three days [...]
WASHINGTON – The Internal Revenue Service announced this week that interest rates for the calendar quarter beginning April 1, 2010 are: four (4) percent for overpayments for non corporations three (3) percent for overpayments in the case of a corporation; four (4) percent for underpayments for all; six (6) percent for large corporate underpayments; one [...]
WASHINGTON – The IRS recently announced that, “Workers who lose their jobs during January and February may qualify for a 65-percent subsidy on their COBRA health insurance premiums, and these newly-eligible individuals, along with those already receiving the subsidy, can now receive it for up to 15 months…” This is an opportunity to help those [...]
WASHINGTON, DC – President Obama signed a presidential memorandum to stop companies who are delinquent in their taxes from collecting on government contracts. While signing the memorandum he stated, “(they are) gaming the system…We need to make sure every tax dollar we spend is going to address our nation’s urgent needs and to make a [...]
Under today’s law, if you engage a corporation, or a consultant through his corporation, to perform a service for your company there is no requirement to issue a Form 1099 for the payments made to the corporation. That’s about to change! H.R. 3590, Section 9006, the Heath Care Bill passed by the House of Representatives [...]
A reported recent ruling in a New York federal district court held that payments made to a worker, who was both an independent contractor and an employee with the same business, could not be combined to avoid paying overtime compensation under the FLSA. She was an employee but also provided a separate service in her [...]
Just as you are thinking of increasing the use of IC’s and contingent workers the government is gearing up its workforce of auditors and investigators to penalize you for misclassifications. Want proof? FACT: In February of this year the Government Accounting Office (GAO) in Washington, DC issued a report to Congress criticizing the IRS for [...]
WASHINGTON, D.C. - The Internal Revenue Service announced a one-time extension of the previous deadline (formerly September 23, 2009) for special voluntary disclosures by taxpayers with unreported income from hidden offshore accounts. These taxpayers now have until October 15, 2009. This is a follow up on my post earlier this week, regarding when the Internal Revenue Service [...]
WASHINGTON, D.C. - The Internal Revenue Service and the Department of Justice announced the successful negotiation of an agreement that will result in the IRS receiving an unprecedented amount of information on United States holders of accounts at the Swiss bank UBS. Once sacred information will now be used to close the Tax Gap. In [...]
Many are predicting the economy will be recovering in the next 6 to 18 months. Every thing goes faster these days so once the recovery begins to catch, things will happen fast. The leaders (those who are ready) will get the best accounts and the best workers. Can you afford to sit back and wait until [...]
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