If you hire 16- or 17-year-olds this summer, don't overlook a tax credit worth up to $1,200 per eligible employee. The Work Opportunity Tax Credit (WOTC) allows you to secure the credit if those new employees live in an "empowerment zone, enterprise community or renewal community," as designated by the federal government.
From employment law to compensation and benefits, FMLA and hiring and firing and more, Business Management Daily provides comprehensive Human Resources updates.
Discover how your colleagues – and competitors – are dealing with discrimination and harassment, employment law, benefits programs, and more.
While employees are off enjoying themselves on vacation, you might be stressing over how to cover their absence. One option: Use workers provided by professional leasing agencies. If you're lucky, the workers fit in so well with your company that you might be inclined to hire them permanently as regular employees (not to replace the vacationing employee, of course, but rather in another department or in another position).
Heads up: The IRS plans to ratchet up the audit pressure on small businesses in the coming months.
Uncle Sam wants your tax money ... now. So, if you aren't sending the IRS enough money in your quarterly tax installments, you may need to pay an extra interest-rate penalty.
Risk: Weak security efforts may lead to a "negligent security" lawsuit, an increasing problem for ...