by chris | Jun 19, 2018 | Business Tips, Human Resources
In 2016, the National Federation of Independent Business ranked workers’ compensation as one of the most critical problems facing small businesses. Additionally, the National Academy of Social Insurance reported that employers spent a combined total of $94.8...
by chris | Jun 19, 2018 | Business Tips, Human Resources
Studies show that the use of a paid time off, or PTO policy and programs have been steadily increasing since 2002. Employers primarily are making this transition because of the simplicity of plan administration. These programs use a bank-type system that gives...
by chris | Jun 18, 2018 | Business Tips, FLSA, Payroll
Nonprofit payroll processing can be challenging, as it requires dealing with special provisions of the Fair Labor Standards Act (FLSA), which is administered by the Department of Labor (DOL), and the federal tax code, which is governed by the IRS. FLSA Coverage for...
by chris | Jun 18, 2018 | Business Tips, Payroll, Taxes
Deductions Taken Before Taxes Pretax deductions are subtracted from employees’ wages before taxes are taken out, thereby lowering their taxable wages and increasing their take-home pay. For deductions to be eligible for pretax status, the employer must have an...
by chris | Jun 18, 2018 | Business Tips, Financial Management
When it comes to managing your finances, you may feel like you’ve got a good handle on your money. You know your income and track your expenses, so why pay someone to do what you’re already doing, right? Unfortunately, this is where many people fail to...
by chris | Jun 5, 2018 | Business Tips, Hospitality, Payroll
The new Federal rule that could broaden tip pooling to different employees does NOT apply to any business that takes a tip credit of any size, like a restaurant. If you are not paying your tipped employees the full minimum wage, then you are taking a tip credit. The...
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