CategoriesBenefits & Compensation
New Year: New W-4 Exemption Required
With a New Year upon us, it’s time for employees to submit a new Form W-4! Although most employees may continue with their existing Form W-4 on file, many other employees may have experienced a lifestyle change (or changes) during the 2022 calendar year that will impact their tax liability for the 2023 calendar year […]
1099 Independent Contractors and Backup Withholding
In 2005, a Texas masonry business hired and utilized several subcontractors to perform the labor necessary on behalf of the business. For the tax years 2005-2008, the business owner had filed Form 1099 to report the payments made to the subcontractors, but several of those 1099s filed lacked the required Taxpayer Identification (“TIN”) numbers. Pursuant […]
5 of the Top Benefits of Using an HR Consultant
Human Resource consultants must be proficient in IT, sales, accounting, finance, marketing, and of course, human resource management to fully comprehend issues and inefficiencies in human resources and how to remedy them. Many Human resource consultants offer robust software that makes common HR functions streamlined for ease, speed, and reliability. Many HR consultants are educated […]
Employer Supported Childcare: Why You Need it Now More than Ever
During the pandemic, childcare providers have closed or limited capacity. Schools are virtual in many areas. This leaves a lot of employees with the severe challenge of juggling childcare and working from home. Or they may not be able to return to work because they are still trying to care for children. That’s why employer […]
Are You a Recipient of a PPP Loan But Your Employees Won’t Return?
Are you a recipient of a PPP loan and can’t get your employees to return? Well, here’s what you should know. At the onset of this unprecedented COVID-19 pandemic, many small business owners were forced to make the difficult decision to lay off their workforce. With business closures and restrictions running rampant and lack of […]
Minimum Wage Changes: 20 States Updating their Wage Rates in 2019
More than 20 states and a number of municipalities will be increasing their minimum wage between Dec. 31, 2018, and Jan. 1, 2019. This includes recent statewide increases in Arkansas and Missouri, as voters in both states turned out in record numbers on November 6th to vote for increasing the minimum wage. According to Nation’s […]
Employee Paycards: Are They Worth Implementing?
Traditionally, businesses provide employees with the option of receiving their wages through a paycheck or direct deposit. Now, more and more businesses are switching to paycards, which can save employers money in the long run and help their ability to recruit talent. In the current state of our economy, does giving employees the option to […]