On Tuesday, July 4, we will celebrate Independence Day (“the Fourth of July”) to commemorate the adoption of the Declaration of Independence and formation of our great nation. In the midst of the fireworks and festivities, Payroll Partners would like to remind you that since...
In the recently released Rev. Proc. 2023-23, the IRS has made annual inflation adjustments to HSA limits: For calendar year 2024, a "high deductible health plan" is defined as a health plan with an annual deductible that is not less than $1,600 for self-only coverage...
Question: How do we handle pay for an employee out on military leave? Answer: Employees on military leave are due the same rights and benefits (when not determined by seniority) as nonmilitary employees who take any comparable form of leave. Comparable is not well defined, but...
Juneteenth National Independence Day became the 12th legal public holiday, celebrating the emancipation of the last enslaved African Americans. On that day in 1865, Union soldiers led by Gen. Gordon Granger arrived in the coastal city of Galveston, Texas to deliver General Order No. 3,...
On Jan. 1, the minimum wage increased in 23 states. From a 23-cent increase in Michigan to an increase of $1.50 in Nebraska, people who earn minimum wage are celebrating in many places across the nation. Now, a major influence regarding the adjustments has been the...
On Monday, May 29th, we will celebrate Memorial Day in honor of all the brave men and women who have made the ultimate sacrifice while defending our country. As we prepare to remember our fallen heroes, Payroll Partners would like to remind you that since...
Want to attract and retain workers? Who doesn't? Consider free meals. Company-paid lunches are a major perk that's hard to pass up, especially if you're a millennial. USA Today reported that providing free food to your employees can result in a 67% job satisfaction rate. Let's...
More than ever, as rising inflation chips away at disposable income, a pay raise can help plug the gap. The 2023 Social Security cost-of-living adjustment is 8.7%. When times are tough, some extra dollars can remind employees that management has not forgotten them. A raise versus...
According to a 2022 Mercer survey, only 10% of employers offer lifestyle savings accounts, or LSAs. But a massive 70% say they are considering including LSAs in their benefits packages. What, exactly, are LSAs? A lifestyle savings account is an employer-funded benefit designed to help employees make...
Approximately 3 million temporary and contract workers are hired each year in the U.S., and managers have long relied on temps to keep their businesses humming. How can they make the most of this layer of cover and support? Temps keep the machine oiled and running ...