The Internal Revenue Service has released the tax year 2023 annual inflation adjustments for dozens of tax provisions, including the tax rate schedules and other tax changes. Here are some of the key changes. Standard deduction The standard deduction for married couples filing jointly for tax...
The U.S. Equal Employment Opportunity Commission (EEOC) has released the "Know Your Rights" poster, which updates and replaces the previous “EEO Is the Law” poster, according to EEOC guidance. The poster summarizes key laws and explains that employees or applicants can file a charge if they...
Question: Am I required to pay overtime to employees who work on holidays? Answer: Generally, no. Whether you pay extra for work done on holidays is up to you. There is no federal law that requires an employer to pay extra. As for overtime, if an employee...
Do you manage PTO outside of your timekeeping system? Unifying these two processes may be the most important thing you do this year. Consider that the most expensive labor cost is to lose an employee. When an employee quits, it increases costs in multiple ways. There...
Employers are scrambling for top talent in a turbulent market. Recent reports published by Statista Research Department show a sky-high inflation rate of 8.3%, baby boomers retiring in droves, and over 47 million people quitting their jobs. So, are companies doing enough to stay attractive...
Bonuses, frequently given at the end of the year, are a popular "thank you" for a job well done, and smart business owners know they can build loyalty, helping retain the most productive employees. However, both owners and employees often misunderstand how taxes work with...
The human resources function manages all things involving employees, including related rules, laws, policies and regulations. But as the HR function continues to evolve, greater emphasis is being placed on managing employees through People Operations. What is People Operations? Also called "People Ops," People Operations is...
Question: What is FMLA and how does it apply to churches? Answer: What is it? FMLA is short for the Family and Medical Leave Act. It generally provides 12 weeks of leave in a 12-month period (more if caring for an injured or ill service member)....
Whether you pay your employees weekly, bi-weekly, or monthly, payroll is relentless. It seems to roll around quicker each pay period. Then it requires at least a full day of ignoring important tasks to meet the deadline. If you’re like most managers or small business...
During the normal course of business, managers are typically required to have conversations with their employees regarding compensation. These discussions often revolve around setting pay expectations, communicating pay changes and responding to employees' questions about pay. Setting pay expectations As stated in an article published by...