Join us for our installment of the Pacesetters Doing Business series featuring Boston Planning and Development Agency on December 7, 2023.
3:00pm - 4:00pm
Jenny Holaday will share her journey into leadership as President of Encore Boston Harbor and first woman to run a casino in Massachusetts.
2:00pm - 4:00pm
Encore Boston Harbor
Step into Winter Wonderland at our BIMA Holiday Gala. Gather your digital media and marketing peers for a night of networking and entertainment.
6:30pm - 9:30pm
Designed for mid-level managers and supervisors, this new certificate program addresses workplace well-being through unique, innovative, and actionable methods.
Join our Transformational DEI Certificate! Our comprehensive learning & development offerings are designed to connect and grow strong leaders who lead both inside and out of the office.
Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.
Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.
City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.
We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).
The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.
BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.
For nearly 30 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.
The Massachusetts Apprentice Network convenes employers, training providers, and talent sources interested in developing and implementing apprenticeship programs in occupations across industries and statewide in fields such as tech, advanced manufacturing, healthcare, financial services, and more.
We support small business through public policy initiatives, events designed to connect small businesses in Greater Boston to their peers and established business leaders, professional development offerings, and free small business advising.
Explore our mission and values to better understand how we are leading the business community forward.
Our member directory is your resource to discover, connect, and engage with Boston’s businesses from every industry and sector.
As we head toward the close of another calendar year employers should be aware that as a result of the “Protecting Americans from Tax Hikes (PATH) Act of 2015”, the filing deadline for 2016 Form W-2s has been moved up to January 31, 2017. The January 31st deadline is applicable to both providing employees with their Form W-2 copies and also submitting the respective forms to the Social Security Administration (SSA).
In addition to being prepared for the shorter deadline, individuals should be aware of some conditions that may require a W-2 to be issued for certain household employees.
For 2016 if you pay cash wages of $2,000 or more during the year to any employee or $1,000 in any calendar quarter to an employee, a Form W-2 will generally be required to be issued on behalf of that employee. In addition to providing the employee with a Form W-2, the employer may be required to file Schedule H on their own individual income tax return and register and pay federal and state unemployment taxes.
Individuals are commonly unaware of these requirements when paying someone such as a babysitter or home-aid and may neglect their reporting requirements. It is important to be aware of these thresholds as we head into the end of the calendar year so that proper reporting can be done on a timely basis and penalties can be avoided.
There are also certain exceptions from W-2 filing, such as for cash wages paid to family members that meet certain criteria, and it can be complicated determining who should be classified as an “employee”. Additionally, unemployment taxes can require some extensive research depending on your state requirements. It is encouraged that anyone who is unsure of their reporting requirements speak to a payroll or tax professional to ensure they are in proper compliance.
Robert Traester is a Senior Accountant at WithumSmith+Brown. He can be reached at [email protected].