General

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...

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.

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...

Well, the big one is the minimum salary requirements. I would say right now that’s the big, that’s the hot topic that everyone’s talking about. What I have to say is, and I hate to use this as an excuse, but we gotta see what happens in the elections. Cause as soon as that president...

A small business owner should register with the government. And again, any questions that, that employers may have can contact me or a CPA to find out exactly what they should be doing right now. But, once this is established and enforced, there are hefty fines and penalties if you don’t register with this financial...

The difference between exempt and non-exempt, and that’s defined by the Department of Labor, it is not defined by the employer or the owner. There are different classifications of exemptions. There can be an executive exemption, an administrative, a professional, a sales. And so the important thing is to go on the Department of Labor’s...

Oh, I’m so glad you asked that question. It’s a big concern that that employers have right now, because as of July 1st, employers were paying employees a salary, which not paying overtime, which really is exempt, not salary. And now the Department of Labor issued a regulation that says as of July 1st, if...

How often should performance evaluation be conducted? There are different opinions on that, okay? I believe that it should be ongoing. I believe there should be some type of formal review once a year. So that you can just sit down and discuss in general the performance. What the company is doing for the individual...