Open enrollment for the 2024 plan year has come and gone. That doesn’t mean benefits administrators are now on holiday for the next nine months. To the contrary, they have plenty to keep them busy until open enrollment 2025. What will they be doing? Benefits administrators will be answering questions, compiling educational materials, filing claim […]
Pay transparency is one of the hottest trends in state labor laws. New York became the latest to require pay transparency when a new law took effect in mid-September 2023. Perhaps your state has not yet taken up the question of pay transparency. Do not assume that means lawmakers never will. Pay transparency is an […]
Last year, the IRS issued new regulations dictating how businesses file their tax paperwork. Beginning 2024, nearly all businesses will have to file electronically. It isn’t limited simply to tax returns. Any business that files at least ten forms with the IRS in aggregate are now required to do so electronically. Mandatory e-filing applies to […]
Companies looking to outsource employee benefits administration often turn to their insurance brokers. That is not a bad idea if benefits administration is the only HR function a company needs help with. But if there are other functions ownership is looking to outsource, it makes better sense to hook up with a PEO. PEOs are […]
Accounting and bookkeeping are two distinctly different jobs. Although there is some overlap between the two, there are certain things accountants can do that bookkeepers cannot. That is why growing businesses that have long relied on only a bookkeeper eventually end up outsourcing accounting to firms like VertiSource HR. This is not to suggest that […]
The National Labor Relations Board (NLRB) has issued its final rule that expands the litmus test for determining when two business entities are joint employers. Unfortunately, the final rule tracks closely with the proposed rule issued last year. It opens the door to some strange business arrangements should a recent Congressional Review Act (CRA) resolution […]
A hot topic of discussion in our business is benefits administration. We hear a lot about benefits due to the fact that employers rely heavily on them as tools for retaining their most coveted talent. But consider this: a recent survey among employees in the United States, the United Kingdom, and Australia seem to suggest […]
There comes a time when just about every emerging business needs to make a decision about accounting. An in-house bookkeeper has been maintaining day-to-day finances while the company has paid a certified public accountant to handle more advanced accounting tasks. But now the company is large enough to require more help. Is it time to […]
The headline of this post was designed to get your attention by making a statement that seems all too obvious: not all HR software is the same. You know that. But do you know what makes software packages different? More often than not, the differences boil down to function. Those differences are not minor. How […]
