What qualifies as billable hours varies between projects and industries. The important distinction is that billable hours must be directly related to and necessary for a client project. Industries that focus on client-specific projects, such as professional services and consulting, use billable hours ...
In order to determine whether the incident qualifies as a personal injury claim, it is important to consider: Whether you can prove your injury with appropriate medical and other supporting evidence If there is an at-fault party or organization to blame (another driver, a business owner, produ...
For small business owners to understand their company’s financial standing, they need to be aware of what qualifies as an asset and what qualifies as a liability. Below are examples of a few types of small businesses and the assets and liabilities they may have. ...
What qualifies as serious health condition for FMLA? What term defines the relationship between an employer and an employee? What is the difference between a furlough and a layoff? What does open vacation policy mean? What is separation pay? What are the employer and employee positions on priva...
QBI: Not all income qualifies as QBI. Specifically, the following types of income are excluded: Capital gains or losses Dividends Interest income (unless from business activity such as lending) Income earned as an employee Certain foreign income ...
A statutory nonemployee is treated as a self-employed individual for tax purposes. This worker classification aligns with independent contractors.
Who Qualifies as Cap Exempt? There are two exceptions to this cap, which include: H-1B1 program: employers can temporarily hire workers from Chile or Singapore for specialty occupations. E-3 program: employers can temporarily hire workers from Australia for specialty occupations. If the applicant...
What Qualifies as an Accrued Expense? Some of the most common examples of accrued expenses include: Accrued Interestrefers to the amount ofinterest expensethat has been added to a loan, bond, or other financial obligation that hasn’t been paid yet. ...
For example, if an employee lives in New Jersey but works in New York City, the tax home is New York City. In this example, travel, meals, and lodging expenses in New York City cannot be deducted since that is the individual's tax home. Travel expenses to New Jersey on the weekends ...
For example, if a salesperson drives to multiple locations each day to visit clients face-to-face, the amount spent on gas is a reimbursable expense. Sometimes, even wear-and-tear caused by excessive miles on a personal car being used for work will be paid back to an employee. It all d...