The IRS recently provided transitional guidance about the deductibility of expenses for business meals that are purchased in an entertainment context. (IRS Notice 2018-76) The Basics Businesses can deduct ordinary and necessary expenses paid or incurred during the tax year in carrying on a trade or business. Before it was amended by the Tax Cuts [...]
HR&P brings you another University of Houston Photo of the Game
University of Houston Game Winning Photo of the Week 10/13, brought to you by HR&P – Human Resources & Payroll
For a variety of reasons, many employees regularly supplement their base salaries with overtime pay. Some companies encourage the practice because managers believe it keeps the workflow on track during the busiest times. This may seem like a win-win situation, but there can be some hidden costs involved with working too much overtime. The biggest [...]
The Tax Cuts and Jobs Act (TCJA) establishes a new federal income tax credit for employers that provide qualifying paid family and medical leave benefits to their employees. This credit is only available for two employer tax years — those beginning between January 1, 2018 and December 31, 2019 — unless Congress extends the deal. [...]
Did you know that the TaxCuts and Jobs Act (TCJA) eliminated itemized deductions for employees who incur unreimbursed expenses for company business for 2018 through 2025? Fortunately, you can set up a so-called "accountable plan" to minimize the adverse effects of this TCJA provision. Here's how the accountable plan deal works. Playing by a New [...]
University of Houston Game Winning Photo of the Week, brought to you by HR&P – Human Resources & Payroll
Identity theft is a growing crime in this country and the liability risk of employers is increasing along with it. The reason is all the sensitive personal information collected from employees, job applicants, customers, independent contractors, business partners, patients and others. The Federal Trade Commission reports that every year, millions of Americans fall victim to [...]
Recently, Mike Holley, and team members William “Buck” Brewster and Morgan Toller, participated in a student athlete workshop at the University of Houston. The HR&P team discussed best practices for career advancement, beyond the courts and playing fields. Special thanks to Alexandra Slimp and Edwards Jones II for including HR&P in the Beyond the Field program.
HR&P - Check out the UH Photo of the Game against Texas Tech, presented by @HR_Payroll_TX. #HTownTakeover #HR&P
