WASHINGTON —The Internal Revenue Service reminded low- and moderate-income taxpayers that they can save for retirement now and possibly earn a tax credit in 2025 and future years. The Retirement Savings Contributions Credit, also known as the Saver’s Credit, helps taxpayers offset a portion of the...
Career ladders are a way of thinking about and designing a job not only as a set of duties for the here and now, but also as a pathway along which someone in the role could progress over time. Small businesses and teams often struggle to...
The IRS guidelines on designating a housing allowance for clergy are detailed and specific. Here is a comprehensive overview: Designation of Housing Allowance Advance Designation Requirement: The housing allowance must be officially designated in advance of payment by the employing church or other qualified organization....
If your state legally requires small businesses to provide paid sick leave, then you are required to offer it to your employees. However, even if you aren’t required to do so, there are times when it makes sense to have paid leave as a benefit....
Washington's Birthday, also known as Presidents' Day, is a federal holiday in the United States celebrated on the third Monday of February. It honors the birthday of George Washington, the first President of the United States, who was born on February 22, 1732. Originally established by...
This is a question that employers frequently receive from their employees, especially during tax season. When the beginning of a new year rolls around and people begin to receive their W-2 forms, they might notice a difference in the amounts shown on their end of...
There's no easy way to deliver a harsh employee review, but there are several best practices you can implement to help the conversation be productive and helpful even if it's hard: Create Relationship: The old adage is true: it really does boil down to how much...
Back in April 2024, the US Department of Labor published a rule requiring all employers (including churches) to increase the minimum salary threshold for exempt workers in both July 2024 and January 2025, with regularly scheduled increases after that. However, in mid-November 2024, after the first increase...
For businesses in regions like Upstate New York, winter isn’t just a season—it’s a force to reckon with. Snowstorms, icy roads, and unpredictable weather can wreak havoc, not only on commutes but also on workplace operations. At one mid-sized firm, this reality hit hard. Every January,...
A health flexible spending account (HFSA) lets employees set aside pre-tax money from their paycheck during the year, and they can use this money to pay for eligible healthcare expenses for themselves, their spouse, or their dependents. The funds in these accounts are typically “use...