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...
Wages for tipped workers usually are directly concurrent with the minimum wage adjustment. Their requirement is not, it’s not, you’re not required to pay minimum wage to tipped workers. Their reported tips though, however, need to at least bring them up to minimum wage for the particular pay period they’re getting paid.
Outsourcing the preparation for your workers’ comp audit can be beneficial, especially if you lack the internal resources or expertise to handle the process effectively. Here are some potential benefits and considerations: Benefits of Outsourcing Expertise and Accuracy: Specialized Knowledge: Professional accountants, payroll service providers, and consultants have specialized knowledge in preparing for workers’ comp...
By Roy Maurer It’s election season in the U.S., in an era of increased polarization and divisiveness. What should employers do when their employees engage in political discussions at work or take part in political activism in their personal lives? Experts advised employers not to shut down discussions, but said they should set expectations...
One of the things I do want to point out as far as minimum wage goes, we talked about exempt and non-exempt. States have a different minimum wage requirement than the federal government. And I believe it’s like 24 states that have a higher minimum wage than the federal minimum wage. The state of Florida...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
