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Posts published in July 2017

Employing Family – A Potential Tax Savings


While there are many factors to consider when hiring family members, there may be a few advantages from the payroll tax perspective.  But, only if you are aware and perform the necessary overrides in your payroll system or notify your payroll service provider. Let’s break this down into the types of family relationships as the advantages are different for each. Parent employs Child – If the child is under the age of 18 and works in their parents business, their wages are not subject to Social Security (OASDI) or Medicare taxes  This only if the business is setup a sole proprietorship…

New USCIS I-9 Form Released Today


United States Citizenship and Immigration Services (USCIS) Form I-9 is used for verifying the identity and employment authorization of  all individuals (citizens and non-citizens) hired for employment.   On July 17th USCIS released a new form and employers have 60 days to implement this new version. First introduced in November 1986, this form is completed by both the newly hired Employee (where they state their eligibility to work -Section 1), and the Employer (where they verify the employee’s eligibility -Section 2)  within three days of hire.   The list of acceptable documents referenced by the employer to verify the employee’s eligibility…