Payroll/Taxes · December 02, 2024
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 be retained.
Management · November 18, 2024
The word "secretary" is derived from the Latin “secretus,” meaning a key function is to handle sensitive tasks discreetly. Where is M’s flirty Miss Moneypenny when you need her? High-level executives, managers, professionals — and everyone else — have been forced to take over their own clerical tasks (and fetch their own coffee). It is more egalitarian, but does it make sense from a cost-benefit perspective?
Compliance · November 11, 2024
By law, you need to pay all employees a fair and equitable salary. In other words, you must offer equal pay to employees who perform the same duties as one another, regardless of gender, race or any other personal defining characteristics.
Payroll/Taxes · November 04, 2024
Payroll is an integral part of every business. The payroll accounting process involves paying wages, calculating hours, applying benefits, deducting taxes and collecting garnishments, all while staying in compliance with federal rules, state laws and local regulations.
retirement · October 28, 2024
You may not have heard of money purchase pension plans, but they are a powerful retirement savings offering. MPPPs are qualified retirement savings plans like 401(k)s that you contribute to each year for your employees, the plan participants. They help your employees save for retirement. You may decide to offer an MPPP in conjunction with a profit-sharing or 401(k) plan.
Management · October 14, 2024
Effective management can turn a dysfunctional work team into one that operates with courtesy and engagement. However, before you implement any changes, you need to be honest about whether your actions as a manager are contributing to the problem. Once that's done, you can hold a team meeting to facilitate open discussion and define how the team will operate going forward.
Management · October 07, 2024
While you might not hear about every case of whistleblowing, thousands of people blow the whistle each year. From reports of inaccurate accounting protocols and discoveries of tax fraud to criminal levels of pollution or illegal wildlife trading practices, whistleblowers shine the light on many matters that would otherwise stay in the dark — undetected.
September 30, 2024
Pay transparency has been getting a lot of attention. Still, many are unclear about what pay transparency actually means, how far it goes or what the results of pay transparency legislation will be.
Employee Benefits · September 23, 2024
Fringe benefits may be available to everyone in the company or may be used as incentives for meeting certain goals. They may be paid or given in the form of an achievement award. They are always considered compensation for services beyond employees’ normal rates of pay. In this way, they are unlike legally required benefits, such as workers’ compensation, which are based on a company's size and the number of employees and vary from state to state.
Employee Benefits · September 16, 2024
An employee stock ownership plan creates a well-defined structure in which your employees gain stock ownership. It also helps you with your financial goals, including a better alignment between your and your staff's financial goals.