News & Tips Archive

Mar 13, 2024

What To Know About Onboarding New Employees

A new hire is starting at your firm. There are administrative tasks to be done, first-day orientation and maybe role-specific training, and perhaps shadowing another employee to foster integration with the team. Read through for onboarding advice to engage talent for long-term success.

Mar 12, 2024

Payroll Myths Exploded

As a small-business owner, it's highly likely that you've caught wind of payroll myths, and if you believe them without realizing they are mythical, then these nonfactual ideas might influence your approach to payroll. Read through to realize that it's possible to evade payroll myths instead of falling victim to these lies.

Mar 11, 2024

How NOT to Misclassify Employees

In how many ways can you misclassify employees? It's important to know given, since the rapid growth of an independent workforce means increased scrutiny from government agencies to ensure proper classifications. Read through for clarifications that will enable you to avoid legal risks and repercussions.

Feb 16, 2024

Recordkeeping for Tax Purposes

Good records do good businesses make. Records help you monitor the progress of your firm, prepare financial statements, identify sources of income, keep track of deductible expenses and prepare tax returns. Read through for some advice on recordkeeping.

Feb 15, 2024

Keep Calm and Carry On Under Fire

Every organization can be vulnerable to some kind of crisis. The variety is possibly infinite, depending on the size and scope of the business. Even a broken pipe and a flood could prove disastrous for a small business. Read through for a brief lesson on crisis management.

Feb 14, 2024

Avoid Incomplete or Disorganized Records

Records management sets the foundation for your business's success and plays a key role in preventing other payroll processing mistakes from happening. Read through for some tips on complying with federal and state recordkeeping requirements.

Feb 13, 2024

Consider the Best Payroll Method

Pay employees by check? Direct deposit? Pay cards? Mobile wallet? There was a time when employees got paid with little manila envelopes filled with cash! Read through to see that progress is in the eyes (and hands) of the beholders.

Feb 12, 2024

New Independent Contractor Rules: Do They Affect Your Employees?

The Department of Labor's final rule for employee or independent contractor classification under the Fair Labor Standards Act rescinds the 2021 Independent Contractor Rule. Read through to make sure you remain compliant.

Dec 21, 2023

What To Know About FSAs for 2024

The IRS recently announced some good news for those contributing to flexible spending accounts. If you aren't already contributing to one, there is now an even better reason to start. Read through for the latest on these valuable tools.

Dec 20, 2023

Get Ready To File in 2024

After the holiday decorations are packed away until next year, it's time for taxpayers to take part in another annual tradition — getting ready to file their tax returns. Read through for updates on the steps you should take before you file.

Dec 19, 2023

Employee Retention Credit: What's Happening Today?

In response to misleading aggressive marketing campaigns, the IRS is sending letters to inform the recipients that ERC claims are being disallowed. Read through for the full story on this significant but complex tax break.

Dec 18, 2023

IRS Changes Mileage Rates for New Year

The federal government has issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for certain purposes. Read through for the details on the new rates to see how you're affected.

Nov 29, 2023

Travel Expense Reports Are a Dreary Task

Expensing business travel is an art and a science. Companies may use either standard per diem rates or itemized expense reports to reimburse employees for business travel costs. Read through for a look at your options and the rules you must follow.

Nov 28, 2023

IRS Publishes Numbers for 2024

The IRS has already calculated numbers for filing for the 2024 tax year. Don't be confused: The tax year 2024 adjustments described here generally apply to income tax returns filed in 2025. Read through so you can start planning now.

Nov 27, 2023

How Do Taxes Work With Bonuses?

It would seem obvious: A bonus is income and gets withheld and taxed just like the money in the regular paycheck. But in reality, it's more complex than that. Read through for details so no one faces unpleasant surprises at tax time.

Nov 24, 2023

Is This Your Situation: Confused About Time and Attendance Rules

Do you want to make sure you're following federal rules when it comes to paying your employees? Read through for a summary of Department of Labor rules.

Oct 19, 2023

IRS Puts Brakes on ERC Processing

Amid rising concerns about a flood of improper Employee Retention Credit claims, the IRS has announced a moratorium, effective from Sept. 14 through at least the end of the year, on processing new claims. Read through to see how this may affect you.

Oct 18, 2023

IRS Extends a Roth Catch-Up Requirement

A new rule had made it harder for certain older high-net-worth workers to save money on retirement contributions. But the IRS has extended the application of the rule. Read through to find out exactly what has changed, and how you may be able to take advantage.

Oct 17, 2023

Is This Your Situation: Confused About How to Track Attendance

Tracking the time of your hourly workers in an effective way might be the most important thing you do as an employer. Read through to see how technology can streamline the process and improve accuracy.

Oct 16, 2023

How To Create a Payroll Policy

Your written payroll policy should define the nuances of your payroll function — wage definition, payment calculation, workweek and overtime computations, and more. Read through for some insights into how to organize the payroll policy at your company.