The Kansas Department of Revenue is the state agency responsible for overseeing tax collection, motor vehicle registration, and other financial matters in the state of Kansas. With a focus on ensuring compliance with state laws and regulations, the department plays a crucial role in maintaining the financial stability of the state.
Contractor work arrangements are popular. According to the US Government Accountability Office, about one-third of all businesses and almost 90% of Fortune 500 companies use independent contractors in some capacity. Hiring contractors can be a particularly attractive option for early-stage businesses because it allows them to leverage specialized skill sets while building their internal teams.
But contractors are very different from employees, and the two mustn’t be conflated—or hefty penalties can apply. While contractors are self-employed individuals or even incorporated business entities, employees are typically economically dependent on their employers and so are entitled to certain rights and protections under the law. For this reason, misclassifying an employee as an independent contractor is a compliance violation: It denies a worker rights to which they are otherwise entitled.
Overtime pay regulations can be challenging, especially when legal changes and court rulings change the plan. Recent developments in Texas — including a federal court’s decision to block proposed changes to overtime eligibility — have called into question how overtime works in the state.
This article shares the current overtime rules, the implications of recent legal rulings, and best practices for business compliance with Mosey.
Payroll isn’t just about doling out paychecks. It’s a complex system involving numerous elements, such as calculating employee hours, tax withholdings, and various other deductions. Then, there’s the matter of making sure those funds actually make it into your employee’s bank account.
If payroll sounds overwhelming, read on as we break it down in this guide.
What Is Payroll? Payroll is a crucial process every small business needs to master. It’s not just handing out paychecks to employees but rather involves a series of steps that ensure everyone gets paid accurately and on time while also fulfilling tax and other legal obligations.
Kaitlin Edwards |Nov 9, 2023
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