The more your business minimizes its tax liability, the better your bottom line. So, let’s look at some things you may be able to do between now and year-end to possibly lower your tax bill in April. OPTIMIZE DEDUCTIONS AND CREDITS The more deductions you claim,...
Thanksgiving Day is a national holiday in the United States celebrated on the fourth Thursday of November. Its origins can be traced back to the harvest festival celebrated by the Pilgrims in 1621, which was a gathering of the Pilgrims, Native Americans, and other settlers...
The end of 2023 is quickly approaching, and hopefully, by now, you have at least started talking about your 2024 church budget! One fixed cost budget line item is the salary expense. Churches with the resources to hire employees strive to have engaged employees by providing a great workplace. One...
Everyone needs time off from work, but not everyone’s able to take it. Paid time off helps a lot. People are better able to take the time they need without worrying about a smaller paycheck. Employers demonstrate to their teams that they value them as...
In most cases, employees anticipate receiving a raise after working a certain amount of time at your firm — usually, six months to a year. Top performers who consistently exceed expectations expect to be paid a salary that reflects their hard work and level of...
It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire. These accounts can be with a bank or other financial institution, a life insurance company, mutual...
Thanksgiving Day is a national holiday in the United States celebrated on the fourth Thursday of November. Its origins can be traced back to the harvest festival celebrated by the Pilgrims in 1621, which was a gathering of the Pilgrims, Native Americans, and other settlers...
Addressing Small Irritations Before They Derail Momentum Recently I was helping my husband and my dad on a renovation project. We’re restoring a home built in 1900, complete with all the character and quirks that come with 123 years. Dad and I were working on reinstalling...
No. Some employers call the first few weeks or months of an employee’s time with the company an introductory period, but this designation has no bearing on the rights employers or employees have. An introductory period doesn’t reduce the risks of termination (you should still have...
A payroll policy explains the process of payment — salary administration, timesheet keeping, wage methods and payment schedules — making employees conscious of what to anticipate on payday. Your payroll management system, which details your obligations as an employer, should be such that it avoids costly...