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Archive for Payroll

New Employer Legislation on Health Benefits and Reimbursement

As a firm who works closely with small business owners, The Payroll Department hears that although many small business cannot afford to provide health insurance benefits to employees, many do want to help. For those owners who want to provide a benefit without it being health insurance coverage, legislation is coming that you need to know about. (more…)

Posted in: HR Rules, Regulations and Laws, Operating a Small Business, Rules, Regulations and Laws

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New Form I-9 has January 21, 2017 Deadline

It’s that time of year, isn’t it? I’m not talking about holidays and festivities, I’m talking about getting ready to close out the year and get ready for the new one. (more…)

Posted in: HR Rules, Regulations and Laws, Human Resources, IRS and Tax forms, Payroll, Policies and Procedures, Rules, Regulations and Laws

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Some States Try Auto-IRAs to Encourage Savings

Experts have been sounding alarm bells for years about the number of individuals who are not saving enough for retirement.  But many workers continue to put off preparing for the future.  Now some states are taking matters into their own hands.  Several states either have passed legislation or are considering legislation which would create a so-called “auto-IRA.”  States are hoping that these mandatory IRAs will spur savings among employees. (more…)

Posted in: HR Rules, Regulations and Laws, Human Resources, Operating a Small Business, Retirement plans, Rules, Regulations and Laws

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Overtime Rule Put on Hold!

Small business owners can take a collective breath – at least temporarily. U.S. District Judge Amos Mazzant in the Eastern District of Texas granted a preliminary injunction regarding the Dec. 1 implementation date of new Overtime Rules released by the Labor Department in May, 2016. (more…)

Posted in: Human Resources, Operating a Small Business, Payroll, Rules, Regulations and Laws

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Retirement Benefits Come from Employment and Payroll

In today’s world where so many workers have lost their pensions, there is one employer who has remained steadfast in meeting their pension commitments – the United States government. As of an August, 2016 article in the USNews.com, there was still one beneficiary receiving benefits from a Civil War pensioner. (more…)

Posted in: IRS and Tax forms, Payroll, Payroll Processing

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New Healthcare-Related Legislation Can Affect Small Businesses

You’ve heard of the Affordable Care Act. But have you heard of the Small Business Health Care Relief Act of 2016? As with all legislation, both of these bills are having (in the case of the Affordable Care Act) or could have (in the case of the Small Business Health Care Relief Act of 2016) an effect on you as a small business owner. The purpose of this second law, if passed, is to enable business owners to continue to provide healthcare reimbursement which is currently blocked by the Affordable Care Act. (more…)

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

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Is Using Seasonal Workers to Address Business Demands Right for Your Small Business?

Every small business has its ups and downs.  However, some can be more pronounced than others.  Some businesses experience cyclical alterations in sales volume.  As a recent article notes, for some businesses in the New York City area, one answer that has provided some relief to this variability has been seasonal workers.  (more…)

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

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Could You Handle Different State’s Payroll Taxes and Regulations?

I was really excited for a colleague who got a big contract that was going to expand his company this year. He was excited because his small business would no longer be just a local business, but would now be a business that worked nation-wide. We celebrated with a congratulatory lunch. It wasn’t but a couple of weeks later that he called and was obviously down. I was afraid he’d lost the deal. But no, he said it was worse – it was about payroll taxes. (more…)

Posted in: IRS and Tax forms, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

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When Are You Paying Your Employees?

You might think that setting up a regular payroll would be easy. You know, put in names and start paying the employees. But stop right there, you’re going to have to first determine when you’re going to pay them, and I’m not talking about what day of the week. Of course, it’s much more complex than that. You have to consider the hold back. What’s that? Well, it’s certainly something you have to consider. (more…)

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

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Local Taxes Make Payroll More Complicated

Every business, organization, and household needs a certain amount of money to keep things working. Small businesses sell their services and products for it. Charities fundraise for it. Individuals work for it. But what about governments? They can’t work, don’t have anything to sell, and have a hard time inspiring people to give to them. (more…)

Posted in: Payroll, Payroll Taxes

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