PEO Amendment Withdrawn from Consideration in Florida

The Florida Senate Banking and Insurance Committee withdrew its amendment regarding Professional Employer Organizations during its meeting during the week of April 8, 2019. The Committee met to consider amendments to Senate Bill 714, including a PEO related amendment that would shift liability of unreported employees to PEOs, and was the second attempt in as […]

IRS Provides Tax Guidance for businesses using a Professional Employer Organization

The Tax Cuts and Jobs Act (TCJA) of 2018 provided significant tax breaks for business operation as “pass-though” entities where the income from the business is passed to the tax returns of the business owners. Sole proprietors, limited liability companies (LLCs), S corporations, and partnerships are all considered pass-through entities. The TCJA allows businesses to […]

The Gig Economy Shrinks?

A recent US Department of Labor study shows that the percentage of workers in an employer/employee relationship has increased in many industries despite the much discussed rise of the freelance or “gig” economy. According to an article in the June 8, 2018 Wall Street Journal: “The Labor Department’s Bureau of Labor Statistics released on Thursday […]

IRS Releases New W-4 and Tax Withholding Calculator

On February 28, 2018, the IRS issued its new 2018 Form W-4 and 2018 withholding tax calculator, along with additional guidance, to help taxpayers review their 2018 federal tax withholding elections in light of the newly passed Tax Cuts and Jobs Act of 2017 (TCJA or HR 1). Employers should share this information and the […]