Earlier this year, the U.S. Department of Labor updated the overtime rule under the Fair Labor Standards Act (FLSA). The update increased the amount … Read more about Prepare for the Overtime Rule Change
Budgeting for 2025: Practical Ideas to Consider
With the third quarter of 2024 complete, now’s the time to begin the budgeting process for 2025. The Chief Executive says “Budgeting is always … Read more about Budgeting for 2025: Practical Ideas to Consider
What to Know About Trust Fund Taxes
If you’ve incorporated your business or formed a limited liability company, you may have the belief that you can’t be personally liable for your … Read more about What to Know About Trust Fund Taxes
Employee Retention Credit Now: Where You Stand and What to Do
The employee retention credit (ERC), a credit created during COVID-19, ended on September 30, 2021 (December 31, 2021, for startups), but it’s still … Read more about Employee Retention Credit Now: Where You Stand and What to Do
What to Know About Your Holiday Season Employees
While holiday hiring in the U.S. for this upcoming season is the lowest since 2008, many businesses have already hired or plan to engage seasonal … Read more about What to Know About Your Holiday Season Employees
Proposed Changes in Overtime Rules and What to Do About Them
If certain employees work more than 40 hours in a workweek, they must be paid time and a half. This requirement can’t be avoided in most cases by … Read more about Proposed Changes in Overtime Rules and What to Do About Them
Employment Taxes: 4 Problems with Solutions
If your business has employees—including yourself—there are employment tax obligations imposed on the company (the “employer”) by the federal … Read more about Employment Taxes: 4 Problems with Solutions
Recession Proofing Your Business: Understanding Staffing Management
The April 2023 Jobs Report released by the BLS in early May showed an unexpected hike in job creation. Perhaps your business contributed to this … Read more about Recession Proofing Your Business: Understanding Staffing Management
What to Consider Now as You Prepare Your 2021 Budget
It’s that time again...time to prepare your budget for the coming year. This is an annual chore that should not be overlooked or delayed. As noted in … Read more about What to Consider Now as You Prepare Your 2021 Budget
Who Does Your Payroll and Why Does It Matter?
Many small businesses handle payroll in-house, but a growing number outsource this task to a third party. There are different types of payroll … Read more about Who Does Your Payroll and Why Does It Matter?
Wage Withholding: Mandatory and Voluntary Reasons
As an employer, you are required to withhold from an employee’s paycheck federal (and where applicable, state) income taxes, as well as the employee’s … Read more about Wage Withholding: Mandatory and Voluntary Reasons
Budgeting Now for 2020
Now that we’re in the fourth quarter of 2019, it’s time to craft your budget for the coming year. This is an annual chore that should not be … Read more about Budgeting Now for 2020
Hiring Your Child for the Summer
If you put your own child on the payroll full time for the summer or even part time throughout the school year, there are a number of valuable … Read more about Hiring Your Child for the Summer
Data Prep for Your W-2s and 1099s
The deadline for furnishing employees and independent contractors with their annual information returns and submit copies to the Social Security … Read more about Data Prep for Your W-2s and 1099s
Boomers on the Payroll: What You Need to Know
According to the National Council on Aging, by 2019, 25% of the American workforce will be age 55 or older. Whether you have seniors on your … Read more about Boomers on the Payroll: What You Need to Know
