03/06/2015
Retail giant Walmart has announced it will raise its minimum wage to $9 an hour, and vowed that by February 2016, 500,000 of its employees will be earning at least $10 per hour.
03/06/2015
Closely-held corporations and their owners can seem inseparable. But this fluidity stops at Payroll’s door—in other words, when income tax withholding begins. The IRS recently issued a document called an Action on Decision in which it said that it won’t follow a Tax Court decision that required it to honor a company’s designation of its delinquent payroll taxes as payment for a specific employee’s delinquent income taxes.