Accidents happen. And when they happen in the workplace, it’s vital to have workers’ comp insurance in place to protect your employees and your business. Regardless of size of your company, insurance is one of the most standard costs of doing business – especially workers’ comp. However, the cost of paying for this coverage isn’t […]
Changes to the Family and Medical Leave Act (FMLA) are on the horizon. Recently, the Department of Labor (DOL) announced it has plans to modify the regulation in an effort to “better protect and suit the needs of workers” and “reduce administrative and compliance burdens on employers” as part of the 2019 Spring regulatory agenda. […]
Health savings account (HSA) contribution limits for 2020 are going up. The Internal Revenue Service (IRS) recently confirmed a $50 increase for self-only coverage and a $100 increase for family coverage due to annual inflation adjustments. For 2020, the annual limit on HSA contributions will be $3,550 for individuals with self-only coverage and $7,100 for […]
In any kind of business that issues payroll to employees, the possibility of payroll fraud exists. According to the Association of Certified Fraud Examiners most recent Report to the Nations, payroll fraud can be financially devastating since it takes place over an extended period of time, and on average, goes undetected for 30 months. Like […]
As you get ready to prepare your EEO-1 report this year, some events have occurred that may impact your filing. Following the government shutdown this year, the Equal Employment Opportunity Commission (EEOC), the agency responsible for collecting EEO-1 data, pushed the reporting deadline from March 31 to May 31, 2019. However, in March a judge […]
In the eyes of a hacker, intercepting payroll data like employees’ bank account numbers, social security numbers, home addresses and wages would be like hitting the jackpot. A breach of this nature can cause irreparable damage to your employees’ trust and confidence, not to mention costly reputation and financial damages. These consequences don’t allow for […]
For companies that provide benefit plans to over 100 eligible employees, spring usually means annual audit season is just around the corner. Undergoing a benefit plan audit can be a stressful time for any plan administrator — especially if you’re scrambling to compile the required documentation and meet deadlines. The best strategy for having a […]
The U.S. Department of Labor recently recently announced a proposed rule to revise federal overtime regulations that would make more than a million new Americans eligible for overtime. Currently, employees with a salary below $455 per week ($23,660 annually) must be paid overtime if they work over 40 hours per week. This proposal would boost […]
As the first federal tax returns for 2018 are starting to be filed by the early birds, many are unpleasantly surprised by their lack of refund this year. Why the surprise? Most people didn’t notice their paycheck in 2018 grew slightly based on the reduced withholding requirements set forth by the Tax Cuts and Jobs […]
Today’s workplace moves at a much faster pace. To help your new hires hit the ground running on day one and keep track of their evolution as an employee, you need to have the right tools in place from the start. That means having a proper onboarding process and system ready to go to capture […]
