Overtime and Joint Employment
You have an employee who is shared by more than one company. The employee works less than 40 hours in a given week at each company, but when you add the the time cards together, she worked more than 40 hours in that week. Is the employee due overtime pay? It depends on whether a […]
Employer-Provided Cell Phones
Wondering whether company-paid cell phone service should be considered a fringe benefit, and as such added to the employee’s wages as income? The IRS provides the following guidance: If the cell phone is provided by the employer for business reasons (other than compensation), then it’s not considered a taxable fringe benefit. For example, if the […]
Should business owners be included in the company workers compensation policy?
Many business owners wonder if they should include themselves in the workers compensation policy for the company. Rarely does this make sense, for the following reasons: Insurance companies regard workers compensation coverage for company owners as a moral hazard; that is, if the business experiences financial problems, the owner may be incented to stage a […]