How do you say goodbye well? While it's not the most fun part of team management, the need for occasional employee correction is inevitable. Whether employees are not meeting expressed expectations, have not improved after warnings or coaching, or have blatantly behaved in a way...
Paying overtime is not just a matter of paying employees the standard 1.5 times their normal pay rate when they work more than 40 hours in a week. Overtime payment errors can occur if you miss a payment: When employees work during break times. When...
Question: Do we need to pay our summer intern? Answer: Generally, yes, though it depends on who benefits most from their work. The U.S. Department of Labor (DOL) has adopted the “primary beneficiary test” to determine whether a worker is an employee (who must be paid in...
Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility. Tax credits A tax credit reduces the income tax bill dollar-for-dollar that a taxpayer...
A whistleblower is an employee who reports wrongdoing (dangerous, illegal, or unethical activity or practices by the company or its employees) either directly to the employer or to an outside authority. Many laws, including the Occupational Safety and Health Act, consider whistleblowing a protected activity, meaning you...
An updated 1099 Contractors rule issued by the U.S. Department of Labor went into effect March 11, 2024. The rule considers six overarching factors in a “totality of the circumstances” analysis to determine whether workers are either dependent on the employer for work or in...
Paying overtime is not just a matter of paying employees the standard 1.5 times their normal pay rate when they work more than 40 hours in a week. Overtime payment errors can occur if you miss a payment: When employees work during break times. When...
By nature, nonprofits operate with the selfless assistance of volunteers. However, what if we told you that nonprofits also have paid employees who rely on regularly scheduled paydays? Nonprofits face payroll challenges similar to those of for-profit businesses Just like for-profit businesses, nonprofits have to learn...
Naming grandchildren as beneficiaries of traditional IRAs used to be a popular estate-planning strategy. Grandchildren had their lifetimes to empty an inherited IRA, which also let them stretch out income-tax payments on the assets. NO LONGER Under 2020 required minimum distribution (RMD) changes, grandchildren must now...
Furloughs and layoffs are ways to reduce labor costs during times of economic hardship. They both involve a loss of work for employees, but there is a key difference between them. A furlough continues employment but reduces scheduled hours or requires a period of unpaid leave. Because the...