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Archive for Human Resources

Understanding the Taxability of Fringe Benefits

I’d like to think that most business owners truly want to have employees who feel appreciated and are generally happy with their jobs and their compensation.  Happy employees generate a positive work culture which is contagious, spreading not only among employees but also to customers and clients as well.  (more…)

Posted in: Benefits and Health Care, Payroll, Payroll Taxes, Rules, Regulations and Laws

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Severance Package Points Employers Should Know

As a small business owner, you know a couple of life lessons. One lesson is that the pressure is definitely on, as in every day, all day long. And the second lesson is about employees, keeping track of them, training them, keeping them happy. That responsibility alone can feel about as easy as herding cats. (more…)

Posted in: Benefits and Health Care, Hiring and Firing, Human Resources, Payroll, Payroll Processing

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Small Business Attracts Employees with Creative Benefits

Employment and the workplace have changed dramatically in the last several years. Work hour flexibility, virtual offices, benefits and health care have all evolved. Small business employers find that managing the human resources side of their business takes creativity and an open mind. (more…)

Posted in: Benefits and Health Care, Operating a Small Business, Payroll, Payroll Processing

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Employees’ Classification in the Workplace Defines Benefits and Health Care Requirements under Affordable Care Act

The times they are a-changin’ and that is no more evident than with the implementation of the Affordable Care Act (ACA). The leadership of every small business and workplace has to consider the reforms and new requirements taking effect. Needless to say, small business owners with employees have a lot to think about. (more…)

Posted in: Benefits and Health Care, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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Understanding Employer Contributions to 401(k) Plans

As an added benefit, many small businesses choose to offer an employee retirement plan, such as a payroll deduction IRA, a SIMPLE (Savings Incentive Match for Employees) IRA or a traditional 401(k) plan to their employees. While there is no law requiring companies to contribute to the retirement plan (with the exception of Simple IRA and SEP IRA plans), many employers do choose to make contributions because it’s an effective tool for hiring and keeping top-quality employees. Also, businesses receive a tax benefit for contributing to employees’ 401(k) accounts.

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Posted in: Operating a Small Business, Payroll, Payroll Processing, Retirement plans

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Make Fall the Time for All Employees and Employers to Review Retirement Plan Funding

For all entrepreneurs, employers and employees, it seems there are more responsibilities on their shoulders than ever before – and nothing feels simple. One of those responsibilities is retirement plans and funds. With the variety of options available, retirement issues are anything but simple – but oh, so very important. (more…)

Posted in: Operating a Small Business, Payroll, Payroll Processing, Retirement plans, Rules, Regulations and Laws

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Important New Affordable Care Act Deadline Affects Employers

Have you been holding off dealing with Affordable Care Act because it doesn’t become effective until January 1, 2014? If so, we have some very important information that not only you, but your network must know before October 1, 2013! (more…)

Posted in: Employee Benefits, News, Operating a Small Business

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Worried About Hiring Workers?

One of the most difficult decisions for a small business owner is hiring employees. It’s not just finding the right person for the position or wondering if the company is financially ready.

No, one of the biggest fears is the knowledge that the company has to follow federal, state and local labor laws; unemployment insurance (SUTA), social security and Medicare (FICA) and the income taxes and all the rules around that. It’s a scary proposition, that’s for sure. (more…)

Posted in: Hiring and Firing, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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Employee Retirement Plans – Importance of Timely Deposits

Offering your employees a retirement plan, such as a payroll deduction IRA, a SIMPLE (Savings Incentive Match for Employees) IRA or a traditional 401(k) plan, can be a great employment benefit for your employees and your business. However, a retirement plan also requires certain responsibilities – including timely deposits of employee contributions. That is one reason entrepreneurs without a human resources department look to The Payroll Department to provide payroll services.

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Posted in: Operating a Small Business, Payroll, Payroll Processing, Retirement plans, Rules, Regulations and Laws

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Choosing the Correct Worker Classification is not a Choice

America is the land of choice – but not when it comes to whether or not a worker is an employee or an independent contractor. As the workplace environment changes, employers are looking at how worker classification impacts their finances.

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Posted in: HR Rules, Regulations and Laws, Payroll, Payroll Processing, Rules, Regulations and Laws

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