HOME   |   CONTACT   |   MY BUSINESS TOOLS    Facebook Twitter LinkedIn Google+ Subscribe to MBDA Newsletter

You are hereHome > Employees

Employees


  • Submitted on 18 December 2013

    Created on December 18, 2013
     

     

    Business is underway, and you’ve hired some help. You’ll need to take care of employees by making sure that the right tax forms are complete.

    One-on-One Help from the Social Security Administration

    W2 Form, Pen, Calculator and MugEmployers who need help with general wage reporting information can call the Social Security Administration’s Employer Reporting Service Center at 800-772-6270. For answers to more technical questions, employer service liaison officers are available around the country by calling 800-772-6270.

    Other Services

    FORM W-2 FILING INFORMATION

    Each year, employers must send Copy A of each employee’s Form W-2, Wage and Tax Statement, with one Form W-3,Transmittal of Wage and Tax Statement, to the Social Security Administration by the last day of February (or last day of March if they file electronically) to report the wages and taxes of their employees for the previous calendar year.

    Complete wage reporting information and all publications needed to meet their wage reporting responsibilities are now online on the Social Security Online website, Employer W-2 Filing Instructions and Information page.

  • Submitted on 30 May 2012

    Establishing a safe and healthful working environment requires every employer -- large and small -- and every worker to make safety and health a top priority. The entire work force -- from the CEO to the most recent hire -- must recognize that worker safety and health is central to the mission and key to the profitability of the American company.

    Occupational Safety and Health Administration's (OSHA) job is to provide leadership and encouragement to workers and employers to take that responsibility seriously. We continue to help employers and employees focus on reducing injuries, illnesses, and fatalities and to increase their commitment to improved safety and health.

    OSHA can help small businesses and others through a variety of tools, including partnership, consultation, compliance assistance, education and training, outreach, and plain language regulations.

    Why is safety and health important for a small business owner like me?

    Safety is good business. An effective safety and health program can save $4 to $6 for every $1 invested. It's the right thing to do, and doing it right pays off in lower costs, increased productivity, and higher employee morale.

    As an employer, you have a duty to protect your workers from injury and illness on the job. Protecting workers also makes good business sense. Accidents and injuries are more expensive than many realize. Costs mount up quickly. But substantial savings in workers' compensation and lost workdays are possible when injuries and illnesses decline. The Occupational Safety and Health Administration (OSHA) can help you.

  • Submitted on 16 May 2012

    Image of Computer

    E-Verify is a fast, free, and easy to use web-based service run by the Department of Homeland Security (DHS) and the Social Security Administration that allows employers to verify the eligibility of their newly hired employees to legally work in the United States.

    All employers are already required to complete and retain a Form I-9, the “Employment Eligibility Verification” form, for each person they hire in the United States. That includes citizens and non-citizens.

    Who Uses E-Verify?

    More than 353,000 employers, large and small, across the United States use E-Verify to check the employment eligibility of their employees, with about 2,500 new businesses signing up each week.

    While participation in E-Verify is voluntary for most businesses, some companies may be required by state law or federal regulation to use E-Verify.  For example, most employers in Arizona and Mississippi are required to use E-Verify. E-Verify is also mandatory for employers with federal contracts or subcontracts that contain the Federal Acquisition Regulation E-Verify clause.

  • Submitted on 16 May 2012

    Image of W2Form W-2 Reporting of Employer-Sponsored Health Coverage

    The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan. Reporting the cost of health care coverage on the Form W-2 does not mean that the coverage is taxable. The value of the employer’s excludable contribution to health coverage continues to be excludable from an employee's income, and it is not taxable. This reporting is for informational purposes only and will provide employees useful and comparable consumer information on the cost of their health care coverage.

    Employers that provide "applicable employer-sponsored coverage" under a group health plan are subject to the reporting requirement. This includes businesses, tax-exempt organizations, and federal, state and local government entities (except with respect to plans maintained primarily for members of the military and their families). However, federally recognized Indian tribal governments are not subject to this requirement.

    Transition Relief

    For certain employers, types of coverage, and situations, there is transition relief from the requirement to report the value of coverage on the 2012 Forms W-2 (the forms for calendar year 2012 that employers generally are required to provide employees in January 2013). This relief will apply to future calendar years until the IRS publishes additional guidance. However, any guidance that expands the reporting requirements will apply only to calendar years that start at least six months after the guidance is issued. See the “Optional Reporting” column in the below chart for the employers, types of coverage, and situations eligible for the transition relief.

  • Submitted on 15 May 2012

    If you have up to 25 employees, pay average annual wages below $50,000, and provide health insurance, you may qualify for a small business tax credit of up to 35% (up to 25% for non-profits) to offset the cost of your insurance. This will bring down the cost of providing insurance.

  • Submitted on 07 May 2012

    EmployeesIf you hire employees there is information that you need to secure for your records and forms that you must complete.

    Eligibility to Work in the United States

    You must verify that each new employee is legally eligible to work in the United States. Have the employees you hire fill out Form I-9, Employment Eligibility Verification (PDF).

    Employee's Social Security Number (SSN)

    You are required to get each employee's name and Social Security Number (SSN) and to enter them on Form W-2. (This requirement also applies to resident and nonresident alien employees.) You should ask your employee to show you his or her social security card. The employee may show the card if it is available. You may, but are not required to, photocopy the social security card if the employee provides it. Record each new employee's name and social security number from his or her social security card. Any employee without a social security card should apply for one using Form SS-5, Application for Social Security Card (PDF). The Social Security Administration (SSA) offers social security number (SSN) verification and quick access to relevant forms and publications.

    Do not accept an ITIN in place of an SSN for employee identification or for work. An ITIN is only available to resident and nonresident aliens who are not eligible for U.S. employment and need identification for other tax purposes. You can identify an ITIN because it is a 9-digit number, beginning with the number "9" and is formatted like an SSN (NNN-NN-NNN). 

  • Submitted on 20 April 2012

    In celebration of Earth Day on April 22nd, TheLadders released a new survey revealing that job seekers go for the green when making a decision about their future employer. In fact, when offered two equal job opportunities, 72 percent of candidates would choose the more eco-conscious company versus 10 percent who said that they would not. Less than a fifth (18 percent) said it would not influence their decision. TheLadders surveyed more than 100 professionals in the following industries: construction, education, engineering, finance, human resources, law, marketing, medical/science, operations, real estate, sales and technology.

    TheLadders Earth Day survey also revealed other key learnings:

  • Submitted on 09 June 2011

    Small businesses interested in starting or expanding sales of their goods and services overseas have access to a new, free online tool that will gauge their readiness to export and help them develop an export business plan.

    The Export Business Planner, developed by the U.S. Small Business Administration, offers a ready-made, customizable and easily accessible document that can be updated and referenced continuously as the business grows.

    The Planner, located at www.sba.gov/exportbusinessplanner, allows users to:

    • Determine their export readiness

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

Upcoming Events

[Within 90 days]
07/31/2014 (All day) - 08/07/2014 (All day)
07/31/2014 (All day) - 08/01/2014 (All day)
08/07/2014 (All day) - 08/10/2014 (All day)
08/07/2014 (All day) - 08/10/2014 (All day)

What MBDA Does