Maryland Enacts Paid Leave Law – What It Means For You

Maryland Enacts Paid Leave Law - what it means for you

Last month the Maryland Legislation voted to pass a paid family and medical leave insurance program. Called the Time to Care Act, the new legislation establishes a state-administered fund (the Family and Medical Leave Insurance Fund) to which employees, employers, and self-employed individuals will make contributions. It guarantees nearly all Maryland employees the right to … Read more

How To Choose a Financial Wellness Vendor

How To Choose a Financial Wellness Vendor

In a 2020 survey, 44.9% of respondents said they would view their employers in a better light if they provided a financial wellness program, and nearly one-third said they would participate in a financial education program if their employer offered it. A different 2020 survey found that “62% of employers feel extreme responsibility for their employees’ financial wellness, … Read more

Is This Your Situation: You Want a Paperless Payroll

paperless payroll

Paperless payroll is a paper-free payroll process that has become hugely popular in recent years. But despite the groundswell of support for paperless payroll solutions, employers should examine the details before making the switch.  Six pros of paperless payroll What to watch out for Although paperless payroll is here to stay, it’s not without problems. … Read more

COVID-19 Pandemic and Caregiver Discrimination 

COVID-19 Pandemic and Caregiver Discrimination

Discrimination against a person with caregiving responsibilities may be unlawful under federal employment discrimination laws enforced by the Equal Employment Opportunity Commission (EEOC). New guidance was released earlier this week to help employers further understand the policies as it relates to COVID-19 circumstances. As the pandemic evolves, the challenge of juggling work and caregiving obligations remains. … Read more

Exempt vs. Nonexempt: Where the Dividing Line Is

Exempt vs Nonexempt: Where the dividing line is

Employers covered by the Fair Labor Standards Act are required to pay nonexempt employees for all hours worked. It sounds simple enough, but many people fail to understand all the forms an hour of work can take. Not understanding the nuances of this principle can lead to payroll mistakes. Below are some pitfalls to avoid. … Read more

7 Considerations When Preparing Your Payroll Budget

7 Considerations When Preparing Your Payroll Budget

Most companies spend 20% to 30% of their annual revenue on payroll. The exact amount varies based on the employer’s size, industry, and staffing and operational needs. In some industries, such as service, it’s not uncommon for payroll to encompass up to 50% of revenue. For other industries, such as manufacturing and food and beverage, … Read more

Is This Your Situation: You’re Spending Too Much on Bookkeeping

Unemployment and Tax: Back to Normal

Wondering what your options are to reduce spending and increase income? Here are some tips: Organizing your finances is the foundation for financial success. Receipts scattered? Can’t keep up with payments that are due? Missed payments result in late fees and interest charges, and all those do are increase the overall amount to be paid … Read more

Is This Your Situation: Feeling Overwhelmed by Payroll

Payroll and salaries

Do you ever wish you didn’t have to go through the hassle of preparing a payroll? Maybe it was simple when you just had one or two employees, but your company is growing and it’s becoming more complex. Some companies have a dedicated payroll manager—but that can be expensive. Other businesses have found find it … Read more

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