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Tag Archives: IRS
Top Ten Payroll Mistakes Companies Make
Found an interesting article the other day on the “Top 10 Payroll Mistakes Companies Make“. The article begins by stating that the IRS is attempting to close the tax gap. In order to discover the most common areas of employer … Continue reading
Posted in Industry News
Tagged audit, Benefits, Compass-i, compensation, compliance, employee, employer, fringe, IRS, misclassification, mistakes, payroll, research, tax, worker
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Classifying Independent Workers – Are You Doing It Correctly?
Recently, a client of ours had been audited to determine if their contract worker had been “misclassified”. This client had a contract in place with this worker that clearly outlined the structure of their working relationship. However, once out of … Continue reading
Posted in Industry News
Tagged 20, contract, contracted, control, employee, employer, Employment, factor, HR, human, independent, IRS, payroll, resources, test, worker
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Just Another Benefit of Outsourcing Payroll…
As an employer, you are required to do many things by law. One of which includes maintaining accurate records for current and past employees for a specified period of time. These requirements are enforced by both the IRS and U.S. … Continue reading
Posted in Industry News
Tagged cards, Department, DOL, earnings, employer, federal, HR, human resources, IRS, keeping, Labor, laws, payroll, record, state, tax, taxes, Time
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Still waiting for your tax refund?
Have you filed your taxes, but you’re still waiting on your refund? Follow the link below to check the status of your refund. http://www.irs.gov/individuals/article/0,,id=96596,00.html?portlet=8 If you have a smartphone, you can use the IRS2go App to check the status of … Continue reading
Posted in Industry News
Tagged 2012, filed, HR, human resources, Internal, IRS, payroll, refund, Revenue, services, status, tax, taxes
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COLA Increases for Dollar Limitations on Benefits and Contributions
“The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Code §415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced on October 20, 2011 cost-of-living adjustments applicable to dollar … Continue reading
Posted in Industry News
Tagged 2012, 401k, Benefits, Code, Contributions, Cost of Living, Deduction, Internal, IRA, IRS, Limitations, Profit Sharing Plans, retirement plans, Revenue, SEP, SIMPLE Plan, tax, taxes, Wage Base
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