Employers like biometric time clocks because it eliminates fraudulent time card punching, which includes “buddy punching”. Biometric time clocks reduce employee theft from controlled areas and also has other advantages. For large organizations, thousands of dollars may be saved by replacing computer passwords with biometric time clocks such as computerized facial recognition or a fingerprint. […]
Automatic Tips to be fully taxed as of January 1st, 2014
An updated tax rule is causing restaurants to rethink the practice of adding automatic tips to the tabs of large parties. These automatic tips are usually 15% to 20%. Starting in January 1st, 2014, the Internal Revenue Service (IRS) will begin classifying those automatic gratuities as service charges, which are treated as regular wages, and […]
IRS Simplifies Home Office Deduction for 2013
IR-2013-5, Jan. 15, 2013 “WASHINGTON — The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes”. With more business owners using their homes as the headquarters for their new businesses, the IRS has […]
