Prior to the COVID-19 pandemic self-employed people likely felt they were overlooked. The availability of financing under the paycheck protection program and certain tax credits have shone a light of hope for the self-employed individual. A self-employed individual may be eligible to claim a tax credit under the qualified sick leave and qualified family leave …
A big change is happening for ALL Arizona employers in just a couple of days. On November 8th, 2016, Arizona voters passed Proposition 206, The Fair Wages and Healthy Families Act. While the minimum wage portion of this proposition got most of the attention, another far-reaching provision affecting most ALL employers will go into effect …
“Compensated absences” refers to employee absences for which employees will be paid, including vacation and sick leave. Expenses are normally recognized during the period for which the employee provides services qualifying that employee for compensated absences. If the employment policy specifically dictates, a liability is accrued for unused portion of such compensated absences. Liabilities are …