In the context of Wage and Hour Laws in many jurisdictions, there are distinctions between hours worked and paid time off (PTO), both in terms of regulations and how they affect an employee’s compensation. Hours Worked: Hours worked typically refer to the actual time an employee spends performing tasks for their employer. These hours are...
The United States Wage and Hour Division of the Department of Labor (DOL) recently published a final rule that increases the minimum salary required to be paid to employees classified as exempt executive, administrative, professional (including the salaried computer professional) and highly compensated employees. Final Rule Summary Effective July 1, 2024 The minimum salary...
In making a decision on your accounting software, do you want to host it locally or in the cloud? And that depends upon how many people are going to use the software, where they’re located. If you’re a virtual company, you want it in the cloud. I have clients right now that set me up...
The first thing I would say is what other software are you using? For example, you might have a certain point of service system or a system that tracks inventory and purchasing and then what accounting software is compatible with your existing software in your other practices in your inventory or your sales. And you...
Payroll processing, when managed effectively, can save you money in several keyways. Here are some of the primary cost-saving aspects: Avoidance of Penalties for Non-compliance: Payroll involves various legal requirements including tax withholdings and filings. Errors in payroll can result in costly penalties and fines from tax agencies. Accurate processing ensures that all tax obligations...
By Allen Smith, J.D. “Workplace harassment” is more than just sexual harassment, the U.S. Equal Employment Opportunity Commission (EEOC) reminded employers in guidance published April 29. The commission shared specific examples of the kinds of harassment it deems unlawful—including harassment based on race, sex, religion and other factors. Examples of Workplace Harassment The...
What do you need to look for when you are considering outsourcing your bookkeeping? I would say the first thing is you want to make sure that that organization or the organizations you’re looking at, you want to get references. You want to find out, you know, how many clients they have. You want to...
The first thing that comes to mind is artificial intelligence. AI is just, I was introduced to it very recently. And it has really saved me a lot of time. And so we need to be careful with it. But used correctly, it is a huge time saver and can help you. While you’re thinking...
The average cost of payroll processing can vary widely depending on several factors including the size of your business, the complexity of your payroll needs, the frequency of pay runs, and the service provider you choose. Generally, payroll processing costs can be broken down into a few categories: Basic Service Fees: These are often charged...
SHRM executive in residence talks about unlocking human potential in the age of AI By Roy Maurer HR leaders are uniquely positioned to drive human-centered artificial intelligence adoption in the workplace, according to Nichol Bradford, the AI+HI executive in residence at SHRM. Speaking in a SHRM webcast on April 30, Bradford said that HR professionals have...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
