It has been said that “People who complain about taxes can be divided into two classes: men and women” (IRS). The majority of these complaints stem from misunderstanding taxes. Today, businesses have seen an increase in tax notices due to incorrect data reports and tax agency staff changes. It is vital to have the appropriate tax…
It’s that time of year again when employers should be reviewing service providers and benefit plans for the New Year. One that should not be overlooked is your 401(k) plan. Employers that offer a 401(k) plan have a fiduciary responsibility to ensure their company-sponsored plans have reasonable fees and expenses. With that said, here are…
Spring and fall are the two most popular times for couples to get married. This big life event not only takes time away from work, but also requires certain internal changes to be processed. Below are a few of the most common updates that every organization’s Human Resource department will need to adjust: Name and…
Have you ever considered whether an employee seems too good to be true? Over half of all job applications contain false information. How is an employer supposed to know about these discrepancies when they have what they think is a great match for the position and their company? Take this scenario for example: You’re a small retail…
Consider this: An employee comes into work ten minutes late a few days a week, occasionally exceeds his/her given lunch break, and leaves the office a couple minutes early every other day. Over the course of the year, these additional (unworked) minutes add up to an entire week’s worth of pay. Now, let’s say they get paid…
Many businesses have hired seasonal employees to help balance out their busy summer season. Business owners need to be aware of how the seasonal help can affect their employment numbers for the Affordable Care Act (ACA). Basic Requirements of the Affordable Care Act As a refresher, an applicable large employer is defined by the ACA as…
It’s summertime! Children are out of school and ready to go to camp. Want to know an easy way to save some money? A Dependent Care Flexible Spending Account (FSA) is a great way to lower taxable income and pay for childcare or day camp during the summer. If you are paying for childcare and not enrolled…
If a picture is worth 1,000 words, what is a website worth? 1,000 visits a day? If you haven’t updated your website in a while, it may not be. Your website is often the first point of reference for new clients to discover and research your business. It is up to you to make sure…
Let’s face it, companies can get overwhelmed with the day-to-day business functions and forget to complete tasks such as remitting payment for payroll taxes. These things happen and payments can be made late, but it is important to stay on top of your company’s taxes to ensure larger consequences do not arise. A recent article published…
Hurricane season has officially begun. The hazardous weather conditions will remain prevalent until November 30th. According to an interview with Federal Emergency Management Agency (FEMA), “Small businesses that don’t have a plan in place generally don’t survive after a disaster, whether it’s a flood or a tornado. We see that anywhere from 40-60 percent of those…
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