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Month: August 2018

Housing Societies Should Be Your Preferred Option

Housing Societies Should Be Your Preferred Option

Munich, Buildings, Historic, Cobblestone

However, the busy day-to-day schedule of people living in towns often becomes an inherently asocial experience. The last few years, as a result, have witnessed a paradigm change: people are increasingly choosing to remain in housing societies as opposed to independent homes. In actuality, even people who wish to buy independent homes are opting for gated communities developed by the best housing architects.

1. Security

Safety features such as CCTV surveillance systems, boom barriers, and intercom facilities, make modern housing societies more secure compared to independent homes in non-gated communities. Furthermore, such societies usually employ manual protection with many guards stationed at several gates.

2. Pocket-friendly

Managing an independent house can be hard on the pocket. Contemporary home societies designed by the best sustainable design architects offer access to world-class facilities at a fraction of the cost. The amenities in gated communities are handled more efficiently as the sources are shared by everyone living in the society.

3. Social Life

Unlike independent homes, housing societies provide residents a better social life. From festival get-togethers to public events, living in these societies might help forge new ties by instilling a feeling of bond among neighbors.

4. Contemporary Lifestyle

You no longer need to travel through city traffic to reach places of recreation. Modern gated communities provide a wide assortment of high-end recreational facilities such as swimming pools, gymnasiums, shopping complexes, outdoor sports areas, etc.. This makes it possible for residents to engage in leisure activities within a healthy environment without long distance travelling.

5. Better Environment

6. Eco-friendly

Resource optimization systems such as rainwater harvesting, energy-efficient lighting fixtures, and CNG-based power backup, make modern housing societies an ideal place to live in. The practice of sustainable structure creates happier living spaces for residents and leads towards the health of the planet as well.

While it’s true that living in contemporary gated communities is highly valuable, it is extremely important to only opt for housing societies developed by the best architecture firms; architects that possess vast professional knowledge in the domain help make community living fulfill the expectations of residents.

IRS Payroll Tax Audits Create Havoc

IRS Payroll Tax Audits Create Havoc

Income Tax Calculation Calculate Paperwork

Payroll Tax Audits are conducted on businesses that have or had employees and either failed to file and pay the payroll taxes on Form 941 Employer’s Quarterly Federal Tax Returns, misclassified workers as independent contractors when actually they are employees or there is a mismatch between the W-3 Transmittal of Wage and Tax Statement, W-2 Wage & Income Statement and the Form 941 Employer’s Quarterly Federal Tax Returns.

When a payroll tax audit is selected to be audited, the case is assigned to the Employment Tax Examination Program and then it is assigned to one of the job tax auditors.

An employment tax auditor will seek bank statements, payroll bank statements, copies of Form 941 Employer’s Quarterly Federal Tax Returns for a particular period, DE-9 Quarterly Contribution Return and Report of Wages and any other form or document that they believe will help them in determining if all the employee’s wages/salaries were accounted for on the tax returns filed.

For people who were wrongly paid as independent contractors, laborers who actually should have been reported as employees. Then, that is when the misclassification of employee audits steps to the investigation.

Internal Revenue Service and the State tax agencies have identifying factors for determining when a person should be an employee or independent contractor.

Common Law Rules

1. Behavioral: Does the employer control or have the right to control what the worker does and how the worker does his or her job?

2. Financial: Are the business aspects of the worker’s job commanded by the plaintiff? (these include things like how employee is paid, whether expenses are reimbursed, who provides tools/supplies, etc..)

3. Type of Relationship: Are there any written contracts or employee type benefits (i.e. retirement plan, insurance, holiday pay, etc.)? Will the relationship continue and is the job performed a key facet of the business?

Mismatch between the Form 941 Employer’s Quarterly Federal Tax Returns, the W-2 Wage & Income Statement and W-3 Transmittal of Wage & Tax Statement can Lead to a computer audit.

Computer payroll audits are easily calculated from the tax return and statements filed by the employer. Letters, Notices, and outcomes are issued to the employer. The audit result is generally recorded as due on the last quarter of the year in which the alleged mismatch was identified.

An employer is provided with a deadline to respond to the changes. Furthermore, you may have appeal rights. Always read all of the notices, letters you get. Lots of people do not open government issued letters and then they lament on the consequences for not complying with reaction time frames.

A payroll tax audit may cause large tax bills that create financial havoc on employers. Huge expenses which are paid to Accountants, Tax Debt Resolution Experts and Tax Lawyers to represent a business who has misclassified workers and now owe payroll taxes for the unreported wages/salaries paid to workers who have to have been reported as employees in the first place.

Furthermore, if negotiations aren’t successful the tax agency will seize and sell your business to secure payment of the taxes overdue.

Do not try tax debt negotiations without seeking expert aid. The IRS Collection Officers are expected to follow specific regulations, tax processes and procedures before executing their collection efforts. If you do not know what resolution option you can ask and what the prerequisites are for resolution. Then, your organization may be subject to fiscal havoc and potential closure.

Do not forget or shred notices and letters sent to you by tax agencies or employees of those tax agencies. There are so many appeal rights, time frames that require a response by particular dates. If these time frames and dates are not complied with. Then, the IRS Auditor or Collector will have no option but to move forward with the next action that’s required according to your case.

Liens filed against your employer will have an impact on your ability to borrow and will encumber any and all property that your company owns and possibly you as the owner, officer, member and or manager of the entity that owes payroll taxes.

Yes, there’s a potential individual liability for non payment of payroll taxes. Then, letters are sent or provided to the potential responsible people or entities that failed to report correctly and pay the taxes accordingly.

These letters provide for 60 day time frame to request an appeal before the tax agency being able to create a tax bill against the entities or individuals that failed to comply by the payroll tax rules and regulations.

Business owners, Directors, Officers and general public believe that because an entity is a Corporation, Partnership, Non-Profit or Limited Liability Company that this in itself protects them individually from being accountable for unpaid payroll taxes which the entity failed to forward to the authorities.

It’s not wise to confront the IRS Auditor or Collector by yourself. Even the best tax resolution experts encounter obstacles to negotiate loans and audits. You only need to do your research and interview several tax professionals to confirm which one is going to work in your best interest.

What Are Enhanced Visibility Work Uniforms

What Are Enhanced Visibility Work Uniforms

Firefighter Occupations Leadership Volunte

The safety of employees working at airports as part of ground crews and in the road construction industry are partly addressed by work uniform visibility requirements established by the Occupational Safety and Health Administration (OSHA) and the US Highway Administration, including standards like ANSI/ISEA 107 for”high-visibility” clothes and required wearers to prevent injuries that may cause serious injury.

But what about other somewhat hazardous sectors that don’t fall under these high visibility regulations, such as non-road building, production, warehousing and distribution, automotive, transportation, and package delivery?

Employees in these and other industries that operate near moving equipment or vehicles, who work at night or work under weather conditions making them harder to see, can also be protected by”enhanced visibility” work uniforms.

The option of enhanced visibility work uniform leasing programs can further protect your at-risk workers than purchasing them in some conditions, and be cheaper in the long run.

What’s the Difference Between High & Enhanced Visibility?

As previously mentioned, the demands of high visibility jackets and other apparel items are covered by ANSI standards and include using one of three colours for fluorescent background material behind the reflective fabric: red, orange-red and yellow-green. Therefore, if you see these colors on a reflective work uniform, you know it’s high-visibility.

Enhanced visibility uniforms do not have to meet ANSI standards, but they do stand out with reflective striping in vivid colors across the sleeves, across the front and back of shirts, and around pant legs.

Some employers purchase enhanced visibility safety vests for their employees, but often quickly have problems ensuring that they’re worn at all times, remain clean and are not lost – all of which defeats the original intent.

Because it’s what they wear to work rather than something to wear over their street clothes, workers wearing enhanced visibility uniforms can’t just take them off whenever they feel like it. Rental services also ensure that workers always have clean uniforms for each day of the week.

Rental vs. Workplace Injury Prices

While it’s tough to estimate, the avoidance of a single injury is likely worth the additional cost – surely, lower workers compensation costs, insurance premiums and preventing OSHA fines is also appealing.

According to OSHA,”One widely-cited source concerning estimates of the size of the costs is that the Liberty Mutual Research Institute, which reports the direct cost of their most disabling workplace injuries in 2008 to be $53 billion (Liberty Mutual Research Institute, 2010).

NASI further reports the total costs paid by employers for workers’ compensation increased from $60 billion in 2000 to $74 billion in 2009.”