Although you might think that gifts and parties are simply ways to celebrate or reward your team for their hard work, the Internal Revenue Code Section 61 states that all forms of compensation are subject to income tax, unless specifically excluded by the tax code.
During the election, Donald Trump announced a proposed Maternity Leave plan which has drawn both praise and critique.
Professional employer organizations (PEOs) provide a practical solution for small businesses when it comes to outsourcing the administration of payroll, human resources (HR) and benefits.
By this point you may be aware that December 1st is the effective date for the Department of Labor change in overtime rule. Which increases the annual salary threshold for exempt employees from $23,660 to $47,476, but have those employees met the Duties Tests? Although it is a common misconception, meeting the salary threshold alone [...]
How much does turnover cost your business? According to the Society of Human Resources (SHRM) the average cost of a new hire is $4,129. However this pales in comparison to other costs associated with turnover. In fact, there are numerous costs to consider. From hiring the new employee, opportunity cost, training costs, sunk costs (the lost employee) , as [...]
A local wastewater management company, handling all elements of waste management was experiencing issues that many small and medium sized businesses face; they were in search of a more cost effective and efficient way to handle payroll, taxes and workers compensation for multiple locations and drivers. After much discussion on services and the proper business [...]
Running a business is by no means a simply task. From the ever-changing rules and regulations to the matters of market share and client retention. More recently, that task has become more daunting as employers seek to find a solution to the Affordable Care Act “ACA” which imposes a “minimum essential coverage” and recording requirement on [...]