Payroll Mistakes That Trigger IRS Audits It’s a fact of life that the IRS may audit your business tax return. Of course, not all audits mean that an error occurred. It may indicate that your company’s tax return contains...
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Exempt vs. Nonexempt Employees: Understanding the Differences Classifying employees as exempt or nonexempt is not merely a formality; it affects workers’ rights and employer obligations. Misclassifying employees can expose you to back wages, penalties and enforcement actions. Understanding the...