The 1099 form is used to record income that you have received as an independent contractor or through other sources of income. This would mean that if you are a freelancer then you will receive 1099 forms from your clients. The IRS requires businesses to issue this form if contractors are paid at least $600 in the same year. Based on how you receive your income, there are a few … Read more
The month of July saw the American economy adding 1.8 million jobs to the total nonfarm payroll. These numbers are a positive indicator as the nation witnessed the restarting of several economic activities throughout the country. Several posts were added to the health care, professional and business services, retail trade, government, leisure, and hospitality verticals. But the employment situation in July is not all that rosy as it may seem. … Read more
On August 8, President Donald Trump signed an executive order that provides $400 extra benefits. As per the new order, the federal government would provide $300 additional unemployment benefits per week, and the states are responsible for contributing the remaining $100. While the Federal Emergency Management Agency (FEMA) would contribute an extra $300, on behalf of the federal government, states were given the option to choose how they would pay … Read more
Employers are financially responsible for the unemployment benefits paid to the unemployed. That is, each state taxes its employers for the unemployment benefits it gives out. Not for profit entities often pay on a per claim basis: they pay a tax which equals what claimants receives at the time they receive it. For profit, businesses pay through a payroll tax. Significantly, this tax varies from year to year, depending mostly … Read more
For many Americans, especially those who haven’t yet purchased a home, student loans are the biggest source of debt. It’s easy to understand why graduates would seek some immediate debt relief. While some student loan forgiveness programs are genuine, it’s important to watch out for student loan scams. 7 Ways To Spot a Student Loan Forgiveness Scam Asks for sensitive information Promises immediate loan forgiveness Asks you to pay upfront … Read more
In recent times, climate change has been viewed in terms of global warming, occurring due to the release of greenhouse gases such as carbon dioxide and sulfur dioxide into the air. This phenomenon will also have a deep impact on society at a micro level, which could completely alter our way of living. It can already be seen as many landscapes are undergoing drastic changes. Climate change and job losses … Read more
Most Americans decide to leave their jobs due to one or the other form of harassment meted out in the workplace. Toxic work environments affect people psychologically and their performance, making it an all-round bad experience for the employees. A study showed that nearly 60 percent of employees have quit or are on the verge of quitting their jobs because of the workplace harassment they face. There are many types … Read more
July 2018 saw the unemployment rate edge down to 3.9% from June’s 4.0%. The number of unemployed decreased by 284,000 to 6.3 million in the month of July. In both cases, numbers were down over the year by 0.4% and 676,000 numerically. In terms of the major working groups, the unemployment rate for adult men and whites both declined to 3.4% in the month of July. The jobless rates for … Read more
The Bureau of Labor Statistics, US department of Labor unraveled its monthly economic news release- “Regional and State Employment and Unemployment Summary” on Monday, 18th August for the month of July 2014. The national average jobless rate is 6.2 % that saw little change from June 2014. We have reviewed and highlighted key facts that matter the most. There was little deviation in regional and state unemployment rates in July … Read more
Workers’ compensation, also known as Workman’s comp, is a state-mandated insurance program that is administered by the federal government for federal and certain other types of employees. Each of the 50 states has its own customised programs for its citizens. An employee with a work-related illness or injury can get workers’ compensation benefits regardless of who was at fault. In exchange for these guaranteed benefits, employees usually do not have … Read more