Insurance
What is D&O?
Directors and Officers
What is FUTA?
The Federal Unemployment Tax Act
Who forgot to put coffee in the coffee maker?
Gina
When are 1099 due?
January 31
What is D&O insurance for?
D&O provides coverage for a company and its management
Who pays FUTA?
The employer
Who would not ride on an extreme ride?
Diane and Mike
Do S-Corp companies receive a 1099?
No
What Is Workers’ Compensation?
provides benefits to workers who become injured or ill on the job due to a work-related accident
What amount do companies have to pay FUTA taxes on?
A company is subject to FUTA taxes on the first $7,000 of payments made to an employee
Who doesn't like loud talking in coffee shops?
Aiya
Do international contractors get a 1099?
No
Who is responsible to ensure the W-9 is filled out correctly?
The client
What is Key Man Insurance?
protects companies from financial loss in the event an employee who is of particular strategic value to the business leaves the organization.
What account should the FUTA be posted to?
Liabilities account
What song did Aly sing after she won BINGO?
For the First Time In Forever (Frozen)
What is the 1099 form used for?
To report non-employment income to the IRS
If a sole proprietor provides a SSN on their W-9 are they an individual or a business?
Individual