Are you familiar with the requirements for retaining employee payroll records? Let’s start by reviewing what federal law requires you to retain: Each employee’s personal information, including their full legal name, Social Security number, contact information, emergency contacts and occupation, needs to be kept. If you offer benefit plans, the benefits enrollment data should also […]
Retaining Payroll Records Read More »
Are you aware of just how important it is to properly classify those who work for you? It’s crucial that you accurately classify them. Otherwise, you could face serious consequences from the IRS! Even deeper than that, the reclassification process is a bit complex. You can’t simply decide to reclassify an employee as a freelancer
The Fine Lines Between Employee and Freelancer Read More »
Many employees dash off emails with little attention paid to them. As a manager, you can help focus and train your team on some techniques for effective messaging. Hitting the right note Tone is flavor. It can make all the difference in motivating the reader, strengthening relationships and boosting morale or engagement. It is especially
How To Set the Tone for Office Communications Read More »
A recent survey reported that 80% of respondents had at least some level of financial stress; 27% reported high or overwhelming stress. A second survey found that 72% of Americans live from paycheck to paycheck, which means they sometimes have difficulty paying their basic expenses. Surprisingly, a recent survey found that nearly half (49%) of
Offering Financial Wellness Programs to Employees Read More »
You may be hearing lots of talk about the importance of being a good strategic leader. However, if you scratch below the surface, it turns out that the traits that make a good strategic leader are the same time-tested abilities leaders have always needed. Let’s explore what these are. Leaders look for trends and opportunities.
Are You a Strategic Leader? Read More »
The SECURE 2.0 Act aims to expand the ease of saving for retirement, to simplify the management of retirement plans, and in general to improve financial security for American workers and retirees. The updated law includes new options for 401(k) and 403(b) employer contributions, adjustments to required minimum distribution age for IRAs, and increased catch-up
Employers’ Responsibilities Under the SECURE 2.0 Act Read More »
In today’s volatile work environment, many companies are starting to lay off employees, including — or maybe even especially — middle managers, because company leaders mistakenly believe managers are expendable. But if a middle manager’s role has not been reduced to one of simple administration, and if the person is effective in their work (not
The Importance of Middle Managers Read More »
There are many tax uncertainties to consider as we face the end of 2024. Chief among them is whether proposals from the presidential candidates will affect our taxes; new legislation may be enacted this year, or changes may occur that will be retroactive. However, in any year, core tax planning strategies relative to income and
Preparing for the 2024 Tax Season Read More »
Have you found yourself becoming more and more fascinated by all this talk of AI these days? Does the opportunity to drive more strategic growth and gain a competitive edge excite you?
What’s Up With AI? Read More »
COBRA applies to employers of 20 or more workers that offer health benefits. (Determining whether you have 20 or more employees is complicated; you may be able to group the working hours of multiple part-time employees to equal one full-time employee.) Additionally, you must have offered health insurance for more than 50% of your business
COBRA: What’s Your Responsibility? Read More »
