As a small business owner, it’s essential to stay up to date on changes to HR laws. Depending on what state you run your business in, your payroll may need to adjust for a minimum wage hike in 2025. Additionally, many municipalities have specific minimum...
The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their retirement savings. Eligibility A taxpayer may be eligible for relief that provides for expanded access to their retirement funds if their principal residence was in a...
Question: How do we address performance issues discovered during an employee's leave of absence without it seeming retaliatory for taking leave? Answer: Taking disciplinary or corrective action following a leave of absence comes with additional risk, but there are a few steps you can take to...
Meals related to ministry activities can be deducted for tax purposes under certain conditions. The relevant IRS guidelines and criteria for deducting such expenses, including specific requirements or limitations that apply to clergy or ministers, are as follows: Ordinary and Necessary Business Expenses: Under § 162(a) of...
Managing company time can be a challenging task, especially if you are using manual timecards. Having automated employee time clocks helps to track employee hours, streamline administrative tasks, and ensure accuracy in recorded work hours. Why Opt For Employee Time Clocks: Accuracy - An...
Preventing direct deposit fraud requires a proactive approach from both employers and employees. By implementing strong security measures and fostering awareness, you can significantly reduce the risk of payroll fraud. Best Practices for Employees Direct deposit fraud can happen to anyone, but taking proactive steps can...
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....