FinanceRegs.com » tag » Penalties

FLSA violation costs $35M in back OT and damages


March 17, 2009 by Carol Katarsky
Posted in: Best practices, Communication, DOL, Hiring & training staff, In this week's e-newsletter, Latest news & views, OT regs, Tax compliance

Where to draw the line on who is or isn’t an exempt employee isn’t always clear. One company just got hit hard for making the wrong call.

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One ‘vendor’ that’s giving up on collection calls


March 12, 2009 by Carol Katarsky
Posted in: In this week's e-newsletter, IRS regs, Latest news & views, Tax compliance

IRS is eliminating its private debt collection program after three years. But that doesn’t mean those back taxes will go uncollected.

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Disaster relief available for some


November 10, 2008 by Carol Katarsky
Posted in: Communication, Hiring & training staff, In this week's e-newsletter, IRS regs, Latest news & views, Tax compliance

You could qualify for special tax relief if your company is located in any of the following areas:

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Worker classification error costs another 9 mil


November 6, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Hiring & training staff, In this week's e-newsletter, Internal controls, IRS regs, Latest news & views, Tax compliance

It’s an often over-looked area of compliance, but misclassified employees can cost your company big time.

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Employee classification error? How to prove you deserve tax relief


October 27, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Hiring & training staff, In this week's e-newsletter, Latest news & views, Tax compliance

A company getting mercy from IRS over back employment taxes isn’t an urban legend. Here’s proof: 

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Guidance on two key issues


October 24, 2008 by Carol Katarsky
Posted in: Fringe benefits, Hiring & training staff, In this week's e-newsletter, Internal controls, IRS regs, Latest news & views, Tax compliance

Make sure you get the latest guidance from IRS on these two employment tax issues companies have been submitting questions about:

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Ignored garnishment leads to super-sized penalty


October 7, 2008 by Carol Katarsky
Posted in: Best practices, Hiring & training staff, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

It’s not fun to process garnishments, but it’s got to be done. That’s the harsh lesson learned by one firm.

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Sneak peek: How effective is DOL enforcement


October 6, 2008 by Carol Katarsky
Posted in: Best practices, DOL, Hiring & training staff, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

Curious to see how well DOL’s Wage and Hour Division is enforcing FLSA rules? You’re in luck.

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IRS: Oops, those tax dollars belong to us…


August 18, 2008 by Carol Katarsky
Posted in: Best practices, Collections, In this week's e-newsletter, Latest news & views, Tax compliance

IRS recently admitted there are $58 billion in uncollected payroll taxes lurking in companies’ books.

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Sales tax two-step gets biz the boot


May 22, 2008 by Carol Katarsky
Posted in: Fringe benefits, In this week's e-newsletter, Latest news & views, Sales and use tax, Tax compliance

Safety gear employees use in production would seem to be non-taxable under most states’ manufacturing exemptions.

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