Staying Current on Labor Rules

Staying Current on Labor Rules

Hiring staff? Good for you! It means your business is thriving. Now is the time to get up to speed or reacquaint yourself with any labor laws you’ll need to be compliant with. Labor laws were created to protect employees’ rights. If you’re vigilant, you can avoid financial headaches. Here’s some advice to stay on … Read more

Understanding the Maryland Saves Program: A Small Business Owner’s Guide

MarylandSaves Image

Table of Contents:  Introduction The Maryland Saves Program: An Overview Why Choose the Maryland Saves Retirement Program? Who Is Eligible for the Maryland Saves Program? The Benefits to Employees: A Closer Look How BlueStone’s Human Resources Consulting Services Can Help? MarylandSaves FAQs: Maryland’s State-Mandated Retirement Plan Key Takeaways In the growing world of Maryland’s small … Read more

Tips for Managers: How to Discuss Pay With Your Employees

3 Tips for Discussing Pay With Your Employees

During the normal course of business, managers are typically required to have conversations with their employees regarding compensation. These discussions often revolve around setting pay expectations, communicating pay changes and responding to employees’ questions about pay. Tip 1: Set pay expectations As stated in an article published by the Harvard Business Review, it’s important to … Read more

Employee Retention Credit: Over but Not Done

EMployee Retention Credit: Over but Not Done

The federal government’s Employee Retention Credit proved to be a lifeline for many businesses and their employees. The eligibility rules were complex and changed over time, as noted in an extensive IRS chart. Not all owners may have been able to figure out whether they were eligible; however, the IRS is giving them a break: Even … Read more

Are Your Employees Quiet Quitting? What Employers Need To Know

Quiet Quitting: What Employers Need To Know

CBS News says, “There’s a new term for clocking in and doing the bare minimum at work: ‘quiet quitting.’” This employee practice is a type of disengagement in which employees no longer go above and beyond at work. They do as little as possible, but just enough to keep their jobs. The term “quiet quitting” first … Read more

The Affordable Care Act: A Review and Update

The Affordable Care Act: A Review and Update

As explained on the official government health care site, the law has three goals: Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level. Expand the Medicaid program to cover all adults with income below 138% … Read more

For Retro ERC, Use Form 941-X

ERC help image

Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, may be your key to getting all the Covid relief your business is entitled to. It’s a 30-page form and the rules are complex, but here are the basics. First, understand how to use Form 941-X. According to the IRS: “Generally, you may … Read more

What Types of Accounting Services Can You Outsource?

outsource accounting

Maintain accurate records; keep track of your company’s finances, bookkeeping, payroll, management accounting, taxes, accounts receivable, accounts payable and financial reporting; and follow up on debts and compliance. Phew! What a relief to have expert professionals to turn to for managing accounting functions. Are you looking for a broad range of tasks to be done … Read more

Take a Look at the Alternative Workforce

Take a look at the Alternative Workforce

One of the most fitting descriptions of the alternative workforce comes from Deloitte. In the company’s words, they have said that “the alternative workforce has become an integral component of the workforce ecosystem, providing organizations with access to a wide array of skills and highly diverse talent that they may not be able to source through … Read more

BlueStone-logo