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Keeping Business Tax Records
The period of time a business must keep records and the types of records required varies according to the statutory requirements of the particular government or agency involved. The five main federal agencies are: Internal Revenue Service, US Department of Labor, Wage and Hour Division, Immigration and Naturalization, Social Security Administration, and Equal Employment Opportunity Commission. In addition, there may be selective state agencies that have their own particular requirements. However, the tendency is such that the federal agencies usually have more stringent requirements, so we will focus on them.

Other statutory period Related Articles

Tis the Season To Prosper
Why develop a marketing campaign just for the Thanksgiving to New Year period? It’s simple. Many businesses make as much as 50% of their revenues during this period . Read this article and learn my top 5 holiday marketing strategies ... which you can implement right NOW ... to multiply your business revenues. Happy holidays!
Passing Off and the Protection of Trade Dress in Franchising
Trade dress can be protected at common law through the tort of passing off. When trade dress is registered, or registrable under the Trade-Marks Act as a distinguishing guise, it can also be protected through the statutory action found in s. 7(b) of the Trade-marks Act which codifies the common law tort of passing off. A plaintiff must demonstrate goodwill, deception due to a misrepresentation and actual or potential damages. Under the statutory action a plaintiff must further show that the action concerns a trade-mark within the meaning of the Trade-marks Act. franchise lawyer ontario london toronto attorney franchisor franchising www.franchiselaw.ca
The Commission clarifies when a qualifying period ends
In the recent decision of Tania Maree Kabel-Pluck v Visy Pulp and Paper Pty Ltd, the Commission found that an employee was not prevented from making an unfair dismissal claim because the date of termination took place after the expiration of the probationary period and the qualifying period.

7 Reasons for Failed Employee Probations
When a new employee starts with your company, the first few months are like a honeymoon period. You and the employee are getting to know each other, working out what makes each other tick and the employee is learning about your business. During this period, both sides work out if they are a "fit" and if the employee is not working out, then their probation is not confirmed (read - sacked). Generally probation lasts for 3 months, but in Australia under Work Choices (and where you notify the person before they commence), this probationary period can be up to 6 months.

Keeping Business Tax Records
The period of time a business must keep records and the types of records required varies according to the statutory requirements of the particular government or agency involved. The five main federal agencies are: Internal Revenue Service, US Department of Labor, Wage and Hour Division, Immigration and Naturalization, Social Security Administration, and Equal Employment Opportunity Commission. In addition, there may be selective state agencies that have their own particular requirements. However, the tendency is such that the federal agencies usually have more stringent requirements, so we will focus on them.
ATO tax break could cost companies dearly
Companies considering taking up the ATO’s offer to defer tax payments due on their next business activity statement or any other statutory obligations, interest-free, should think very carefully given the adverse financial consequences of doing so, according to Interlease director Gary Wilkie.
Small Business Employee Policies Series: Probationary Period
The probationary period, also called an orientation and review period is essentially a trial period for both you and your new employee to determine whether the job match is a good one. It is essential that you have an employee policy in place that will support the need to terminate your employee if job related issues do occur during the early stages of your new staff members’ employment.
Statutory Agent
A statutory agent, also known as a registered agent, is an individual, sometimes third-party, designated by a corporation to receive "service of process." Service of process includes such items as notices of lawsuits and summons to appear in court. The name and physical address of your corporation's statutory agent is required information on your Articles of Incorporation and you cannot incorporate without designating one.
Errors in Job Placement: the Four Categories of Employment
Employers are faced with many challenges including determining what category the people they hire fall into. Workers are divided by the IRS into four categories: independent contractors, common-law employees, statutory employees, and statutory nonemployees.
Selection of a Corporate Name
Choosing a corporate name is probably the most difficult task of incorporating a business. Every corporation must have an acceptable name at the time of their incorporation because the corporation will then exercise its rights and carry out its obligations under this name. All corporate names must conform to various statutory requirements. You may wish to review the relevant acts and regulations of your jurisdiction.
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