Develop a briefing to deliver to a class regarding the legal and tax issues in hiring employees. The Briefing must be written at the analysis level. (Ref: Bloom’s Taxonomy)
***I will need to turn this information into 22 PowerPoint Slides***
Purpose of Assignment
Corporations hire dedicated HR professionals and labor attorneys to help them stay in compliance with labor authorities. A misunderstanding of the labor requirements or an unintentional error could cost an organization a significant amount in damages. While intrapreneurs may have a better understanding of legal and tax issues in hiring employees because there’s an HR team on staff, entrepreneurs and social entrepreneurs are not automatically inclined to think of these issues. This assignment provides students an opportunity to demonstrate their understanding of how legal and tax issues in hiring employees impacts intrapreneurs, social entrepreneurs, and entrepreneurs. Students must use their critical thinking skills to evaluate the issue’s impact to both the entrepreneur and the employee.
For example, while employers are normally not liable for the payroll withholding of agents who are independent contractors, and the independent contractors are able to claim certain business expenses which may help to lower their tax obligation; misclassifying employees as independent contractors could cost an employer retroactive payroll taxes and penalties, as well as additional attorney fees. On the other hand, independent contractors who are actually employees may now be faced with tax issues of their own and denied certain business tax deductions. Having an understanding of the issues in hiring employees will give students the advantage of insight and prepare them to address these issues head on as effective leaders and innovators in the community.
Resources Required
Refer to pages 488 – 489 of Ch.12, Entrepreneurship, 3rd edition. Students will also provide a peer-reviewed reference. **Pages, and reference will be provided.**
All key elements of the assignment are covered in a substantive way.
The presentation includes an introduction, conclusion and reference page which previews and reviews
Major Points
1. Discussed the effect that classifying employees as agents of a company has on social entrepreneurs, entrepreneurs, and intrapreneurs in hiring employees.
2. The student discussed the impact of social entrepreneurs, entrepreneurs, and intrapreneurs understanding employment discrimination laws has on the employer-employee relationship.
3. The student discussed the importance of the employment agreement from the perspective of both social entrepreneurs, entrepreneurs, and intrapreneurs and employees.
4. The student provided ways social entrepreneurs, entrepreneurs, and intrapreneurs create dynamic organizations by understanding legal and tax issues.
5. The student discussed examples of how top companies are creating dynamic organizations for their employees.