Mar 9, 2016 | GTM Business Blog isolved
The Employer’s Quarterly Federal Tax Return, also known as IRS Form 941 for 2016, has been released. Employers who withhold income taxes, social security tax, or Medicare tax from employees’ paychecks or who must pay the employer’s portion of social...
Jan 26, 2016 | GTM Business Blog isolved
It’s usually during this month that employers have some employees asking about when they will receive their W-2s. Here is a brief overview of the rules for distributing W-2s to your employees. Employers must report all wages earned by employees to the Social...
Dec 1, 2015 | GTM Business Blog isolved
The proposed changes to the white collar overtime exemptions of the Fair Labor Standards Act (FLSA) are looming large in the minds of many employers. These rules, proposed in June 2015 and expected to be finalized sometime in 2016, would more than double the salary...
Oct 28, 2015 | GTM Business Blog isolved
The end of 2015 is only two months away, so it’s time to start thinking about impactful changes coming next year. The one that may affect your business the most is regarding the minimum wage, because there is not just one change coming, but three New York State...
Oct 16, 2015 | GTM Business Blog isolved
Yesterday the Social Security Administration (SSA) announced that the Social Security wage base for 2016 will remain the same as 2015 – $118,500. Two other items remain unchanged from this year: all covered wages are still subject to the 1.45% Medicare tax, and...
Sep 21, 2015 | GTM Business Blog isolved
In a major decision on August 27th, the National Labor Relations Board (NLRB) expanded the joint employer definition by ruling that companies may be considered joint employers with their contractors and franchisees. The Board’s decision pertained to Browning-Ferris...
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