New Form 1099-DA: IRS Releases Draft for Digital Assets Form

stock and crypto market values - form 1099-DA draft

The IRS has finally revealed the new draft Form 1099-DA, which is the very first type of form specifically created for digital assets, or cryptocurrency. This release has been anticipated since the IRS issued proposed regulations in August 2023 that would require brokers to report transactions of digital assets. Form 1099-DA is set to come … Read more

Common Mistakes for California Pay Data Reporting in 2024

Common Mistakes for California Pay Data Reporting - Man working at desktop computer

California Pay Data Reporting is now required under Senate Bill 1162. This bill requires that certain employers report pay data information regarding their employees the California Civil Rights Department (CRD).  It’s important to ensure that you thoroughly review your data prior to submitting it. We’ve compiled a list of some of the most common mistakes … Read more

CA Pay Data Reporting Basic Information for 2024

CA Pay Data Poppies

In recent years, California has enacted legislature in order to address pay discrimination and promote fair compensation practices among employers. Among this legislation is Senate Bill 1162 which requires CA Pay Data Reporting information to be submitted to the California Civil Rights Department (CRD) Terminology to Know Be sure to brush up on the California … Read more

6 Great Questions for 2024 California Pay Data Reporting

California Pay Data Reporting - Golden Gate Bridge at night

California Pay Data Reporting is a fairly new requirement with the first annual report due in May 2023. Certain employers are required to report a variety of workforce data to the Civil Rights Department (CRD) annually as specified via California Senate Bill 1162. Senate Bill 1162 stipulates that employers must annually submit pay and demographic … Read more

24 California Pay Data Reporting Examples and Scenarios

California Pay Data Reporting Examples and Scenarios - Landscape image of beach

The California Civil Rights Department (CRD) requires that certain employers report pay and hours-worked data by establishment, job category, gender, race, and ethnicity to the CRD annually. The Pay Data Reporting is required under CA Government Code section 12999, amended by Senate Bill 1162. Due to the nature of this reporting, we’ve compiled a comprehensive … Read more

What is a Snapshot Period for CA Pay Data Reporting? TY 2023

What is a Snapshot Period for CA Pay Data Reporting? TY 2023

The recent updates to California Pay Data Reporting begs the question: What is a Snapshot Period?  Snapshot Period Defined The Snapshot Period is a single pay period between October 1st and December 31st of the reporting year. Employers may choose any pay period between these dates.  Choosing this fixed period is important, because it is … Read more

BOI Reporting – New for 2024

BOI Reporting

Beneficial Ownership Information reporting, or BOI reporting, is a crucial concept in understanding who ultimately owns or controls a company. This introduction to BOI reporting outlines the basics of beneficial ownership, including who is considered a beneficial owner and the requirements for reporting this information, aiming to enhance transparency and accountability in business operations. What … Read more

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