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...
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...
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...
Question: Should we include a pay range in our job postings even though we aren’t required to by law? Answer: We generally recommend including pay ranges in job postings even if it isn’t legally required. First, since the practice has become more common, more job seekers...
Question: Do we need to pay our remote employees for a full day if they lose internet access for a few hours? Answer: It depends on their status under the Fair Labor Standard Act (FLSA). Your exempt employees need to be paid their full salary for...
Many employers typically pay year-end bonuses in the first quarter of the year. If you received a bonus for the first time this year, you may be surprised at the net amount of your "windfall." WHY THE SURPRISE? Work bonuses are classified as supplemental wages, which...
In the bustling world of service industries, managing tips can be a significant challenge, involving the delicate balance of accuracy, compliance, and fairness. Whether it’s a restaurant or a salon, business owners need to effectively handle the complexities of tracking, reporting, and distributing tips in...
Even if you only have one employee, you are still legally required to garnish wages if you receive a court order to do so. Unfortunately, calculating the garnishment and fulfilling your legal obligation isn’t always easy. By keeping in mind a few best practices, you...
Do you often find yourself still paying off credit card debt long after the holidays? Keeping spending under control can be difficult at this time of year, which is why using cash — not credit — is so important. Here are a few tips. BE EFFICIENT ...
Federal contractors may need to be prepared to increase pay for employees working on, or in connection with, covered federal government contracts. The hourly minimum wage for employees performing work on federal contracts will rise from $17.20 to $17.75 on Jan. 1, 2025, the Department...