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Companies Are Using This Sneaky Strategy To Avoid Paying Overtime

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Not only are firms regularly using phony job titles to circumvent overtime payments, this practice is more common in companies where the employees have little to no bargaining power. It’s estimated that each fake managerial position saves companies almost 14% in overtime expenses. NBER’s research produced surprising data.

Salary 257
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Twitter Walks Back On Office Space In Wake Of Legal Battles And Remote Work Commitment

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Twitter will reduce its office space across various regions as it looks to prioritize its remote work model and cut down on expenses. . Twitter has been in a state of shock after its planned deal to sell the company to Tesla CEO Elon Musk fell apart. Additionally, it has walked back on plans to open a new office in Oakland. . “If

Legal 235
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California Supreme Court to Decide Future of Gig Economy with Prop 22 Ruling

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The legal debate surrounding how to properly classify workers within the gig economy has made its way to the California Supreme Court as it prepares to deliberate on the legality of Proposition 22. The outcome of the California supreme court case will set further precedent for how gig workers are classified across the U.S.

Legal 157
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Gig Economy Fragile As Remote Work Derails Uber, Getir

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Ride share companies, which have traditionally benefited from the legal status of gig workers, have come under fire in recent months with a slew of court cases in Europe, the U.K., The strong opposition against what is mainly ride share giants and delivery companies were influential in Getirs decision as well.

Legal 130
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

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” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. Firstly, it is the simplest and least expensive form of business to set up and maintain.

Legal 261
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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense. 223(d)(2)(D).

Expenses 221
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3 Steps to Take Before Going Into Business for Yourself

Success

W-2 employees are employed through a company and automatically have their taxes deducted from their paychecks. When you work for a company, you and your employer split Social Security and Medicare taxes. Before going into business for yourself, you should have an account set aside to save for these additional expenses.