Still using pen and paper? Have you considered how much manual timekeeping costs a business? Employee Time Theft Paper timecard systems can be exploited in a number of ways from hours padding to buddy punching. Some large employers who switch to an automated system are...
Yes, but keep in mind that the value of the gift cards must be reported as wages. The IRS has a provision that allows for non-taxable "De Minimis" gifts, which allows an employer to buy an employee flowers to celebrate an achievement, occasional sporting event tickets,...
As explained on the official government health care site, the Affordable Care Act has three goals: Make affordable health insurance available to more people. The law provides consumers with subsidies ("premium tax credits") that lower costs for households with incomes between 100% and 400% of the federal poverty...
Hobby Lobby has had its Christmas decorations out since July, we know, but believe it or not, the Christmas season is actually right around the corner. Now is the perfect time to begin planning and shopping for a holiday staff gift. We believe that your greatest...
Yes. Absent an employment contract or other legally binding agreement, you can reduce an employee’s work hours—there is no law that prevents this. Hours are typically reduced for reasons such as a decrease in business needs, the company's productivity has decreased, job restructuring, or reorganization. It's...
The Internal Revenue Service has announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. That's just the beginning: The IRS also has issued technical guidance regarding all the cost‑of‑living adjustments affecting dollar...
Are you looking for another way to minimize your 2023 taxable income for better tax results? Max out your annual contribution to your 401(k) retirement plan account if you haven’t already. This strategy is a two-for-one winner. In 2023, you can contribute as much as $22,500...
Question: We’d like to cater lunch for employees. Do we need to ask them about food allergies? Answer: No. However, employees who do have food allergies or restrictions would likely appreciate it if you made sure that they also get to partake of the free food....
When an employee refuses to sign a warning, we recommend writing "refused to sign" at the bottom of the notice. It is best if you have more than one person witness and attest to this refusal. Ideally, you and another manager would sign under this...