Clothier & Head News

Recent Industry News

Coping with hardship: How professionals handle tragic turns

16th July 2009 - The unfortunate reality of the human condition is that hardship will touch all of us. Yet, most of us are grossly unprepared and have difficulty dealing with turmoil when it occurs.  Read More at Accounting Web

Congress may require small businesses to play or pay for health insurance for employees

16th July 2009 - At this point in the health care reform debate, both the House and the Senate have put forth proposals for a "play or pay" mandate for employers, including small businesses, to provide health insurance for their employees. One of the Senate committees working on health care reform, the Senate Committee on Health, Education, Labor and Pensions (HELP), released its portion of the bill on Wednesday, July 15th, and, like the House bill released on Tuesday, it contains the mandate for employers and individuals. The HELP Committee bill will require businesses with 25 employees or more to offer health insurance or pay a fee (currently slated at $750 a year per full-time worker) to the federal government. Read More at Accounting Web

U.S. DOL revises certified payroll reporting requirements for Form WH-347

6th July 2009 - Effective January 18, 2009 Prime/General contractors and subcontractors who perform work on federally funded construction projects are no longer required to display the home address and social security numbers of employees on the certified payroll report form WH-347 that they submit. Instead you are now required to display the employee's full name and the last 4-digits of his/her social security number as follows XXX-XX-1234. This revision was established to better protect worker privacy and identity theft.  Read More at Accounting Web