Archive for the 'STAFFING AGENCIES' Category

Hot Savings – Reduce NJ SUI Rates in August

July 30th, 2015

NJ employers can reduce NJ SUI (unemployment rates) by making a voluntary payment. The deadline in August 25, 2015.

Turn OSHA Decision for NJ Staffing Agencies into an Opportunity to Shine

January 21st, 2015

NJ Staffing agencies that train their workers will be in compliance with OSHA requirement as well as helping future employee’s safety needs.

NJ Court Gives Stiffed Workers Six Years to Pursue Unpaid Wages

January 20th, 2015

NJ employees now have the right to file wage claims up to six years instead of two years.

Don’t Get Mixed Up Over Mixed-Wage Overtime

October 28th, 2014

Overtime calculations for employees with two different rates of pay for two different job titles

NJ Employers-Reduce Your Unemployment Tax Rates-August Deadline

July 29th, 2014

NJ Employers can Reduce their NJ Unemployment Rates by making a Voluntary Payment- the Deadline is August 19, 2014

Avoid NJ DOL Audits- S-Corp Owners Should Take Reasonable Compensation

January 8th, 2014

In an S-Corporation, a popular choice of tax entity among businesses, an owner who works for the company is required to take wages. How much of the company’s income is classified as wages versus S Corp. income (reported to the owner on Form K-1) is up to the owner. The net income will be taxed regardless of how it’s classified. The big difference lies in federal employment taxes, which are not paid on K-1 income.

Good News for NJ Employers: Federal Unemployment Tax (FUTA) Surcharge Avoided

November 1st, 2013

New Jersey employers can breathe a sigh of relief, as Governor Christie has announced that new fiscal management practices have brought New Jersey’s Unemployment Insurance Trust Fund into solvency for the first time since 2009. This spares businesses from a drastic tax surcharge, as Federal Unemployment Tax (FUTA) was set to increase from the base rate of 0.6% ($42 maximum per employee) to 1.5% ($105 maximum per employee). The surcharge is imposed when a state has borrowed from the Federal Unemployment Trust Fund and increases each year. In 2012, NJ employers paid 1.2% due to the surcharge ($84 maximum per employee). By repaying the loan to the Feds, employers will not be subject to this surcharge on their 2013 FUTA wages and will only pay the base rate of 0.6% ($42 maximum per employee).

Tax Planning Tips for the new 3.8% Net Investment Income Surtax

October 29th, 2013

With a new 3.8% tax on “unearned” income kicking in in 2013, it’s very difficult to limit your tax to just “ordinary” income tax. If your income is earned, you pay 15.3% Self-Employment (Social Security) tax. If your income is un-earned, you now have the new 3.8% Net Investment Income (NII) tax to pay.

NJ Division of Taxation Warns of Solicitations Mailed to Businesses

October 23rd, 2013

Many NJ businesses have recently received a solicitation concerning “Annual Corporate Records Form”. The mailing, which has an official appearance, solicits a fee of $125 in return for the recording of corporate shareholders, directors and officers. The Division of Revenue is alerting all New Jersey businesses that there is no requirementto file this form State of New Jersey, and the sender isn’t affiliated with the State.

Jeff Urbach to Speak at Jewish Business Network Biz Expo

October 16th, 2013

Jeff Urbach will be speaking at the Jewish Business Network’s (JBN) Biz Expo. In his speech entitled “What is the value of your business?” Jeff will cover the various elements and factors that affect the value of your business and will clarify how to maintain and increase its value.

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