Check back often as we add new tips for payroll, human resource management, and more.
Payroll Tax Rates And Contribution Limits For 2022
Below are federal payroll tax rates and benefits contribution limits for 2022. Social Security tax In 2022, the Social Security tax rateRead More
Automatic 401(K) Enrollment: Right For Your Company?
Traditionally, employees have to opt in to retirement plans and make their own decisions about contributions. But there’s another possibility:Read More
How To Retain Employees In A Tough Market
Imagine you’re a nursing home manager trying to replace a nurse’s aide. But the resumes aren’t coming in like they usually do. YouRead More
IRS Announces Mileage Rates For 2022
The IRS has issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business,Read More
IRS Announces 2022 Limits for Retirement Plans
The IRS has announced the new retirement plan numbers for 2022. Retirement limits for 401(k) and similar plans are up. The contribution limitRead More
Can You Clearly Explain Your Health Insurance Plan?
According to a report by the International Foundation of Employee Benefit Plans, just 19 percent of employers say their employees had a “highRead More
7 Ways To Manage the Worker Shortage
Many businesses are struggling with a worker shortage. It is happening across the board: staff shortages at our doctors’ offices, at child careRead More
An FMLA Questionnaire To Keep You Compliant
Employer coverage – Is your business covered by the Family and Medical Leave Act (FMLA)? You must adhere to the FMLA if you employ at least 50Read More
On-Demand Pay: A Growing Payroll Trend
A 2020 report by Ernst & Young says on-demand pay is “the term used to describe a category of financial products that give employees theRead More
What Is the Cost of Employee Vacancies?
How much money is lost when you leave a position vacant? There’s a financial impact to keeping a role open. Efficient, productive firms haveRead More
Digital Dexterity: The Goal of a Successful Workplace
The workplace of the future is no longer abstract. It is a reality, but a reality that is different for each business. Every workplace has changedRead More
Taxable and Nontaxable Employee Benefits
As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workersRead More
Protecting Wealth Through the Use of Family Offices
Family offices act as the heart of a family’s operations, doing everything from managing their financial lives to overseeing their investments,Read More
The Whys and Hows of Outsourcing Payroll
In Bloomberg Tax & Accounting’s 2019 Payroll Benchmarks Survey, 69.2% of respondents said they used outside vendors to perform payrollRead More
5 Must-Haves for Any Payroll Solution
Studies show that the vast majority of employers use payroll software, which saves time by automating manual processes and decreasingRead More
EEOC Provides Updated Guidance on COVID-19 Vaccine Policies
The Equal Employment Opportunity Commission has updated its guidance on workplace COVID-19 vaccine policies. The agency’s original guidance,Read More
An HR Audit Checklist To Keep You Compliant
An internal HR audit reveals whether you’re complying with the law and helps you avoid potential liabilities and employee lawsuits. Below areRead More
Sick and Family Leave Reporting Guidance
The Treasury Department and the IRS have issued Notice 2021-53, which provides guidance to employers about using Form W-2 to report the amountRead More
How To Handle Your First Payroll
Regardless of whether your first payroll involves a few employees or many, the goal is to execute payroll in an accurate and compliant manner. HereRead More
Employee Retention Credit: Further Guidance
In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but complex Employee Retention Credit. The IRS isRead More
Vaccine Mandates: The Elephant in the Room
COVID-19 and its variants continue to disrupt the way we live, work and play. The population disagrees on whether to wear masks or be vaccinated, andRead More
Should Employees Get Paid for Orientation & Training?
It is not uncommon for a new hire to pose the question: Do you get paid for orientation? Orientation formally introduces the new hire to the companyRead More
Should You Pay an Employee Who Resigns With Two Weeks’ Notice?
An employee who resigns with two weeks’ notice may think they are doing you a favor. But in fact, it can be a payroll headache, especially ifRead More
Why Use Time and Attendance Software?
Documentation is key to wage and hour compliance. Simplify time tracking by automatically calculating hours worked as well as vacation time,Read More
What Can a Payroll Service Do for You?
Even if your business has only a few employees, you may be considering outsourcing your payroll processing to a specialist. What can a payrollRead More
Create a Strategy To Bring Back Workers
“Going back to the office” takes on new meaning after more than a year of working from home. Some people are excited to get back toRead More
Health Insurance Plans and Alternatives for Small Businesses
Employer-based health insurance costs have increased modestly since 2012 — between 3% and 5% annually for family coverage, according to a 2020Read More
Executive Order Targets Noncompete Agreements
These days, many employees at companies large and small to sign an agreement when they’re onboarded. It says that they’re not allowed toRead More
What Employers Need to Know About FICA Taxes
The Federal Insurance Contributions Act (FICA) mandates that employers have to withhold, and also match, certain taxes. FICA consists of SocialRead More
EEOC Publishes Updated COVID Guidance
As workplaces resume in-person operations, or at least consider doing so, there are many questions about the rules and requirements. However, theRead More
Affordable Care Act Upheld — Again
In a 7-2 decision, the U.S. Supreme Court upheld, again, the Affordable Care Act. Texas and other states had sued to overturn it. The court’sRead More
Retirement Plan Startup Costs Tax Credit
A tax credit for small-employer pension plan startup costs may be awaiting you. You may be able to claim a tax credit of up to $5,000 when you set upRead More
Planning Ahead for Tax Credits and Deductions
Everybody wants to pay as little in taxes as possible. Most people use software or hire an accountant to help them find all the deductions they canRead More
What Is a Money Purchase Pension Plan?
A money purchase pension plan is an employee retirement benefit plan that requires companies to contribute a specific percentage of anRead More
IRS Adjusts HSA Limits for 2022
As it does each year, the IRS has announced changes for health savings accounts, which are associated with high-deductible health plans. The figuresRead More
Do You Need an Economic Injury Disaster Loan?
Even before the pandemic, the Small Business Administration offered Economic Injury Disaster Loans for “losses not covered by insurance orRead More
How Do Holidays Affect FMLA Leave?
The Family and Medical Leave Act (FMLA) dictates that employers with 50 or more employees must give eligible employees up to 12 weeks of unpaid,Read More
A Checklist for Navigating Open Enrollment
Before Open Enrollment – Reflect on the previous open enrollment period. Note the successes and failures and formulate a strategy for avoidingRead More
When You Have an HR Department of One
At a minimum, the human resources department handles: Recruiting. Hiring. Compensation. Employee benefits. Training and development. EmployeeRead More
How Much FMLA Leave Should Part-Time Employees Receive?
To take leave under the Family and Medical Leave Act, an employee must: Work for an employer that has least 50 employees for 20 or more workweeks inRead More
Employers Get Tax Breaks for Vaccination Leave
Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paidRead More
Repaying Deferred Payroll Taxes
IRS Notice 2020-65 allowed employers to defer withholding and payment of the employee’s Social Security taxes. This deferral applied to those withRead More
Rethinking Your Employee Benefits Strategy
In the past, as long as you provided health insurance and retirement benefits, your benefits were considered competitive. Now, the pressure is onRead More
Hiring in a New Era
As you create your company’s hiring plan for a post-pandemic world, you need to adapt to a new reality. To begin with, you will need toRead More
7 Key Aspects of Payroll Compliance
1. Federal wage and hour laws The Fair Labor Standards Act (FLSA) sets federal wage and hour standards, which are administered by the U.S. DepartmentRead More
Employment Records Retention: What Are the Federal Laws?
How long do you have to keep records? There’s no one answer. However, we’ve summarized some of the most common federal laws relevant toRead More
What Will Retaining Talent Look Like in the Post-Pandemic Workplace?
Who could have predicted the disruption and change 2020 brought to the way we work? Now that we are starting to look ahead, past the loss and theRead More
Common Overtime Mistakes To Avoid
There are many ways to run afoul of overtime laws. Below are some of the most common — review them to ensure that you’re always inRead More
Can Employers Mandate Vaccinations?
Can an employer require its employees to get vaccinated against COVID-19? It’s a simple question, but one that does not have an easy answer. InRead More
An Overview of Federal and State Overtime Exemption Laws
On Sept. 24, 2019, the U.S. Department of Labor issued a final rule increasing the salary threshold for executive, administrative and professionalRead More
Are Your Employees Cross-Trained?
When employees quit or miss work for some reason, when layoffs become necessary, or even when it’s just a matter of busy season, cross-trainedRead More
What Are Predictive Scheduling Laws?
At times, you may want to suddenly change an hourly employee’s work schedule to better suit your business needs. However, several jurisdictionsRead More
Employee Retention Tax Credit Gets a Boost
The second relief bill, passed at the end of 2020, contains updates to the employee retention credit, a refundable payroll tax credit. Each optionRead More
IRS Updates Form 941 To Reflect COVID-19 Tax Credits
The IRS has revised Form 941, Employer’s Quarterly Federal Tax Return, to accommodate COVID-19-related employment tax credits granted under theRead More
What the Taxpayer First Act Means for Employers
According to the IRS’ website, the Taxpayer First Act of 2019 “aims to broadly redesign” the IRS by expanding and strengtheningRead More