News & Tips Archive

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.

Sep 20, 2023

Setting a Policy for Marijuana Use in the Workplace

There are practical, legal and emotional concerns regarding the use of marijuana. How should workplaces address this rapidly changing and potentially polarizing topic? Read through for an overview of marijuana laws and suggestions for the best practices to call for in a professional setting.

Sep 19, 2023

Is This Your Situation: Considering Pay-As-You-Go Workers' Comp Insurance

Workers' comp insurance is essential for most businesses, but as an employer, you may have more options than you realize. Read through for an introduction to the pay-as-you-go model and the advantages of outsourcing it.

Sep 18, 2023

Watch Out for 'Restricted' Social Security Cards for Form I-9 Purposes

Businesses must have all employees fill out a Form I-9 to ensure they are eligible to work in the United States. A Social Security card can be part of the proof, but not in all instances. Click through to avoid making a serious mistake.

Sep 15, 2023

Is This Your Situation: You're Confused About Overtime

Not everyone in your office will qualify for overtime pay, but how do you determine employee classification? Read through to learn more about overtime and who qualifies.

Aug 23, 2023

Top Cybersecurity Issues For HR

The rise in HR technology poses a number of cyberthreats to the human resources function. Are you ready to counter them? Read through for some of the most prevalent cybersecurity concerns so that you can guard against them.

Aug 22, 2023

Compliance Risks with AI and Automated Employment Decision Tools

Are you reviewing your procedures regarding artificial intelligence and automation? If you're updating your hiring processes and background screening programs, this is important information to know. Read through to see how regulators and lawmakers at the federal, state and city levels are focusing on AI in employment.

Aug 21, 2023

The Many Wonders of Direct Deposit

Direct deposit makes payday easier for employers and employees alike, but a lot of smaller businesses do not pay via direct deposit under the guise that it is too complicated. Read through to better understand the practice and benefits of direct deposit, digest the drawbacks and set up direct deposits for either you, your employees or both.

Aug 18, 2023

Staying Current on Payroll Rules

Being and staying compliant with all labor laws, payroll rules and tax requirements is essential when you hire employees for your small business. Read through for an overview of the key rules so you start off on the right foot.