How to Calculate Severance Pay
Although there is no legal requirement to offer severance, many companies provide it to employees after their employment is terminated. In general, severance pay is based on length of employment. You may decide to offer a week’s pay for every year of service, or a flat amount based on six weeks’ pay. When provided, it’s given either as a lump sum or paid over a number of weeks.
read moreThe Ins and Outs of Checking References
Over the past decade or so, references have fallen out of favor. This is unfortunate, because they are the best indicator of potential success a company can receive about prospective candidates. References are not just a formality — they are necessary to ensure...
read moreNew Form I-9 Use Mandatory by Sept. 18, 2017
New revisions to Employment Eligibility Verification need to be used for new hire verifications by Monday, September 18, 2017. Form I-9 will help you verify your employees’ identities and employment authorizations while clarifying timelines for certain I-9 processes:...
read moreChoosing Which Business Records to Save
Choosing Which Business Records to Save
read moreWhat Insurance Do Small Businesses Need?
There's a wide variety of insurance a business needs. Not every business may need every kind, but it pays to deeply consider what your company needs, before disaster strikes. Look at the list below and see what may apply to you. General liability — Even for...
read moreThe Basics of Restaurant Payroll
Unlike other forms of traditional employment, such as salaried or hourly workers, restaurant payroll has specific requirements that make it much more challenging than the average business. When you're paying your staff, you need to take into consideration the way...
read moreIs This Your Situation: Learning about Form W-2
As an employer, you have probably already heard that the W-2 form is an essential requirement when it comes to taking care of tax season paperwork for the IRS. While the W-4 form needs to be provided by employees for tax withholding purposes, employers also have to...
read moreDeciding if Flex Accounts Are Right for You
Deciding if Flex Accounts Are Right for You With our health care plans today, think Flex Accounts to help. It's always annoying to have a doctor or dentist visit and then have to lay out a certain amount of money for a co-pay. Not only that, but most times another...
read moreFiguring Out How Often to Pay Employees Weekly or Biweekly
Weekly, monthly, quarterly how often should you pay your employees? The answer varies, but the good news is that you can set your own wage payment schedule. The law says, however, that your payment schedule must be consistent. You can't pay your employees weekly this...
read moreConcerned About Employee Time and Attendance Tracking
What do you do to keep track of your employees time: a program, old-fashioned time cards or just a yellow legal pad and a pen? No matter what you use, do you really take the time to study the results and consider whether you're losing money due to inefficiency?...
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Managing Household Help
Even if you just have someone to take care of your children, you are an employer. You don't need a Downton Abbey-size staff to fall under IRS rules. Even if you have just one part-time employee, you should check IRS Publication 926, which explains your...
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Is This Your Situation: You’re Struggling to Manage Your Millennials
You've heard about millennials, the problematic generation of young people born between the 1980s and the early 2000s. If you work with them, you might unfairly lump them all together, considering them the misfits of the professional world. Indeed, millennials are...
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