Siepert Monthly Newsletter – January 2023 Edition
Welcome to the January Edition of the Siepert Newsletter!
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Siepert Monthly Newsletter – December 2022 Edition
Welcome to the December Edition of the Siepert Newsletter!
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Misclassification of Employees as Independent Contractors
If your company has delivery drivers who are paid as independent contractors, you may be putting your business at risk. The misclassification of employees as independent contractors has become a focus of enforcement efforts by both the Department of Labor (DOL) and the Internal Revenue Service (IRS).
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Siepert Monthly Newsletter – November 2022 Edition
Welcome to the November Edition of the Siepert Newsletter!
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Potential FUTA Credit Reductions in Illinois
If you’ve been following the news, you’ve likely heard that Illinois has outstanding federal unemployment trust fund loans. If Illinois does not repay the loans by the deadline, Illinois employers may be subject to an Illinois FUTA credit reduction.
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2022 State of Illinois Tax Rebates
Under the 2022 Illinois Family Relief Plan* passed by the Illinois House and Senate, one-time individual income and property tax rebates will be issued to
taxpayers who meet certain income requirements.
2022 Illinois Secure Choice Program
The Illinois Secure Choice Savings Program is a retirement savings program that offers Illinois businesses the option to either enroll their employees into the Secure Choice Plan or offer a qualified savings plan, such as a 401(k).
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Taxpayers: Beware of IRS Phone Scams
An IRS phone scam occurs when criminals impersonate IRS agents and demand immediate payment or personal information. Taxpayers should be aware that the IRS follows specific procedures and will not make aggressive or threatening phone calls demanding payment.
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New Online Identity Verification Process for IRS Online Tools
The Internal Revenue Service has announced a new identity verification process that taxpayers will use to access IRS online services. Under the new IRS online identity verification process, taxpayers will use ID.me to sign in to certain IRS online tools.
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