While customers pay tips directly to employees, employees must still report their tips to their employer so that they can be properly taxed via payroll taxes. Any employee who receives more than $20 in tips per month must report those tips to their employer on Form 4070, unless the employer...
If the referral bonus is at or below $1 million, how much is taxed depends on whether the bonus is combined with an employee’s regular wages or given separately. If combined, federal income tax is taken out from the total combined amount, in the same way as a regular pay period. If...
Cashin' In on Profit Getty Images Cashin' In on Profit Dispensaries in Alaska are allowed to sell marijuana for recreational use to adults over the age of 21. Cannabis sales are taxed, so Alaska gets to enjoy the profits and put the money back into the community. Clear Skies and Hazy E...
Payout of unused paid time off (PTO), and Continuation of health, dental, or life insurance benefits All the normal payroll taxes (for both the employee and employer) apply to severance pay. Termination What most of call “firing” an employee is legally termed termination “for cause”—mea...
Ask any oil hand or energy banker what would happen to their operations if we just took Fed Funds rates to their 50-year avg of 3% – they would tell you their cost of capital would rise and therefore their cash flow would fall and that would lead to a drop (collapse?) in unconventio...