General News

Navigate the Tax Rules for Boats and RVs

Navigate the Tax Rules for Boats and RVs Will you be cruising the waters on your boat or camping out in your RV this year? Besides the pleasure you can enjoy through your personal property, you may also be eligible for tax breaks, if certain requirements are met. Following is a brief rundown of four…

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DOL Updates Guidance on Gig Economy Worker Status

The so-called “gig economy” challenges conventional practices between companies and the people who perform the work. A key question is: Are these workers independent contractors or employees? The U.S. Department of Labor (DOL) recently published a new wage and hour opinion letter, spelling out its position with respect to a specific virtual marketplace company (VMC)….

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ERISA Basics for Employers

ERISA Basics for Employers If you’re a U.S. employer and you offer any kind of pension benefit to your employees, it’s critical that you have an understanding of the Employee Retirement Income Security Act of 1974 (ERISA). The failure to know and fulfill your obligations and responsibilities under the landmark law may lead to significant…

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Prepare to Receive a Social Security Administration No-Match Letter

Prepare to Receive a Social Security Administration No-Match Letter The SSA explains that it’s seeking to reconcile discrepancies between the names and Social Security Numbers (SSNs) it has on file with the names and SSNs that employers report. The purpose isn’t to support enforcement of immigration law, but rather to “properly post employees’ earnings to…

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Multistate Resident? Watch Out for Double Taxation

Multistate Resident? Watch Out for Double Taxation Contrary to popular belief, there’s nothing in the U.S. Constitution or federal law that prohibits multiple states from collecting tax on the same income. Although many states provide tax credits to prevent double taxation, those credits are sometimes unavailable. If you maintain residences in more than one state,…

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