Don't use guesswork when figuring out how much to pay your employees. You need a comprehensive, long-term plan to figure out a talent strategy. Here's a checklist to get started on creating a strategy: List the job responsibilities, duties, required skills and experience of every...
Business owners need to make choices on their 2021 taxes regarding the Paycheck Protection Program and the Employee Retention Credit. Both were enacted to help businesses stay in operation during the lockdowns caused by the COVID-19 pandemic. The PPP provided forgivable loans to businesses, and the...
You’ve probably been hearing about the Great Resignation (or however you want to describe it) for months now. Even if you’re not dealing directly with increased turnover, your employees know they have options. Their friends, family, and people they know peripherally or on social media...
We’re still in Q1. There are still some people sticking with their New Year’s Resolutions, most are still excited about what the new year has to bring, and pretty much all of them are still mistakenly writing “2021” fairly often. The beginning of the year is...
Employers covered by the Fair Labor Standards Act are required to pay nonexempt employees for all hours worked. It sounds simple enough, but many people fail to understand all the forms an hour of work can take. Not understanding the nuances of this principle can...
Per the Internal Revenue Service (IRS), fringe benefits are taxable and must be counted in the recipient's gross wages, unless the item is specifically excluded by law. If the item is not taxable, then it should be excluded from recipients' gross wages and should not be...
WASHINGTON — The Internal Revenue Service reminds taxpayers they may be able to claim a deduction on their 2021 tax return for contributions to their Individual Retirement Arrangement (IRA) made through April 18, 2022. An IRA is a personal savings plan that lets employees and the...
In most offices, someone from HR hangs the relevant Labor Department posters in the company breakroom and that's that. But in this new remote world, what are the requirements? Send the posters to each employee and tell them they have to hang them in their...
Under federal law, most ministers have dual tax status. Dual tax status means a minister is an employee of the church for federal income tax purposes, and self-employed for Social Security and Medicare taxes. For ministers, wages are reported in two different ways: Federal Income Tax...
Who? What? When? Where? Why? These are the questions every business should be able to answer with their employee time tracking software. The 5 W’s of Workforce Management The importance of establishing “who,” “what,” when,” “where,” and “why” is Workforce Management 101. The 5 W’s affect labor budgets,...