HSA’s and FSA’s are both pre-taxed health spending accounts where the employee contributes monthly to help pay for medical care expenses, copays, and vision care. The most significant difference between flexible spending accounts (FSA) and health savings accounts...
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5 Ways Manual Timekeeping Costs Your Business
Still using pen and paper? Have you considered how much manual timekeeping costs a business? Employee Time Theft Paper timecard systems can be exploited in a number of ways from hours padding to buddy punching. Some large employers who switch to an automated system...
Can I give my employees gift cards for the upcoming holidays?
Yes, but keep in mind that the value of the gift cards must be reported as wages. The IRS has a provision that allows for non-taxable "De Minimis" gifts, which allows an employer to buy an employee flowers to celebrate an achievement, occasional sporting event...