The requirement to provide workers’ compensation for subcontractors depends on several factors and varies by jurisdiction. Here are some general guidelines to consider: Legal Classification: In many jurisdictions, subcontractors are considered independent contractors rather than employees. As such, they may not be covered under the employer’s workers’ compensation policy. This classification often depends on...
Oh, there’s so much bookkeeping tasks that can be outsourced. And it doesn’t have to be all or none. For example, I have a client, we just did their accounts receivable. We helped invoice because they just couldn’t get around to invoicing. And we collect the money and record the money and send statements out...
Outsourcing bookkeeping improves your efficiency because it goes back to the fact that you’re not having an employee. That employee may come to work one day being, having had an argument with a family member, or be concerned about the health of somebody, and they’re not 100%. That can slow down the productivity of the...
A workers’ compensation exemption is a legal provision that allows certain individuals or businesses to be exempt from carrying workers’ compensation insurance coverage. Here are some key points about workers’ comp exemptions: Purpose: The primary purpose of workers’ comp exemptions is to provide flexibility, especially for small businesses or individuals who may not have...
By Allen Smith, J.D. When health savings accounts (HSAs) took effect more than 20 years ago, some initially thought HSAs would not be used by rank-and-file employees and would be used only by executives. “That has not proven true,” said Chris Keller, an attorney with Groom Law Group in Washington, D.C. “Financially savvy employees...
Outsourcing bookkeeping as well, too, when you think about employees. At one point I saw the statistic that when somebody works 40 hours a week, you’re basically getting about 60 percent of that time doing actual work. When you outsource that work, that person is only billing you for the work they’re doing. So you’re...
Well, one of the great things about outsourced bookkeeping is you’re not going to have somebody on your payroll that you have to pay, okay? Yes, you may be paying slightly higher hourly rate to that outsourced bookkeeper, but in essence, you’re not going to have to pay for benefits, you’re not going to have...
A workers’ compensation audit is a review process conducted by an insurance company to verify the accuracy of the premium paid by a business for its workers’ compensation insurance policy. The audit ensures that the premium reflects the actual payroll and employee job classifications during the policy period. Here’s a detailed explanation: Purpose of...
By Matt Gonzalez/SHRM Millennial and Generation Z employees have different viewpoints than their Generation X and Baby Boomer colleagues about discussing politics in the workplace. Sixty percent of Millennial (ages 35-44) and 58 percent of Generation Z workers (ages 25-34) said they “sometimes” or “frequently” talk politics at work, according to a survey of...
One of the things about tipped workers, I had a case where an employee was a tipped worker and didn’t report all their tips. They’re supposed to, but in practice, typically they don’t. That person was then injured and was on worker’s comp, and worker’s comp will pay 60 percent of your pay. What was...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
