Employment contract tips — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
When you’re presented with an employment contract to sign, don’t just dwell on the noncompete clauses and confidentiality agreements. Also, make sure the contract describes in precise detail your pay package and quantifies each of the benefits you will receive. Examples: It should specify how much long-term disability insurance you’ll get and your annual paid vacation time. If you don’t nail these facts down, the lack of clear language can work against you later.
The IRS says too many employers misunderstand which fringe benefits are taxable and how they should be reported for payroll purposes. That's resulted in a major tax gap, the IRS says. And the agency is on a mission to get that money back from you!...Click here to find out more.