“They share any information that’s available concerning our business or things that might affect our business. And I think they also are very effective in helping you understand why you need to look at things differently if you’re not looking at them the right way.
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We are constantly on the alert for all the latest industry news, legislative updates, trends and more that could possibly impact your staffing business. Our president and CEO, Julie Ann Blazei, also shares her insights on the staffing industry in her message (link below). And when we don’t see information about a topic we feel is critical for you to know, we create it ourselves to share in our monthly email.
Take the stress out of preparing for Year End by using Tricom’s Year End Bulletin to stay on top of legislative changes that are important to the staffing industry.
We’ve collected all the relevant, timely and necessary information you need to ensure your staffing company is staying up-to-date with changes that directly impact your business.
In the last year, the Department of Labor (DOL) has stepped up enforcement efforts on employers who misclassify workers as independent contractors. In fact, the DOL has implemented The Misclassification Initiative and has been working in conjunction with the IRS to share information in what they describe as an effort “to reduce the incidence of misclassification of employees, to help reduce the tax gap, and to improve compliance with federal labor laws.”
For small business owners, it can be a challenge to know how to structure your business to get the most benefit out of tax laws, limit your personal liability, yet have the flexibility you need to be able to expand your business through other investors.
Small business owners typically turn to one of two options: S-Corporations or LLCs.
Connecticut Department of Labor (03/31/16)
The Connecticut Department of Labor today announced that employers throughout Connecticut will pay a lower federal tax, with no special assessment required, this calendar year. The lower rates are the result of the state’s repaying the federal loan that was needed to continue paying Unemployment Insurance (UI) benefits during the last recession.
U.S. Citizenship and Immigration Services (03/28/16)
I-9 Form Set to Expire - US Citizenship and Immigration Services seeks comments on proposed changes to Form I-9. USCIS published a 30 day notice inviting public comment on proposed changes to FORM I-9, Employment Eligibility Verification. The comment period expiration date is April 27, 2016.
Business Insurance (03/17/16)
The board of directors of the Ohio Bureau of Workers’ Compensation has approved a proposal to reduce overall average rates for the state’s private employers by 8.6% and decrease projected annual premiums by $113 million next year.
