Hey Compliance Warriors! There is a new Form 1099-NEC, Nonemployee Compensation for business taxpayers who pay or receive nonemployee compensation. Starting in tax year 2020, payers must complete this form to report any payment of $600 or more to a payee. Read on…
Tag: liability
Hey Compliance Warriors! The number of lawsuits filed against employers, relating to COVID-19, have been increasing each week. Thankfully, many states have enacted or are considering legislation that would hold employers who act in good faith harmless in such lawsuits. This is great news for many employers who are struggling to stay afloat. Read on…
Is it possible to hold an employee of a company responsible for damages and penalties in a lawsuit or audit because they hold “employer” status? Who’s the boss anyway? In the recently published Administrator’s Interpretation Dr. David Weil, Department of Labor Administrator, mentioned the definition of the word “employer”. He quoted the Fair Labor Standards […]