Studies show that the vast majority of employers use payroll software, which saves time by automating manual processes and decreasing administrative labor. The software calculates gross-to-net wages and enables direct deposit payments. However, there's more to payroll than paying wages. To meet your other payroll needs, the...
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This also applies to 403(b), most 457 plans, and the federal government's Thrift Savings Plan. Also increasing is the catch-up contribution limit...
COVID-19 upended our lives and changed the way millions of Americans work. One of the most dramatic employment changes during the pandemic was the significant increase in employees working from home: 42% of employed workers worked from home in 2020, nearly double the percentage working from...
We’ve all inappropriately handled our emotions at work. We’ve either stuffed our emotions when we should have shared them or we’ve spewed emotions when we should have stayed silent. Venting in the workplace is important but there are things to consider: should you vent to...
Geofencing is a type of GPS tracking tied to a targeted location. For example, if you sign up for alerts from your grocery store, you could get coupons sent to your phone when you are shopping in the store. You can use this same technology...
Question: We would like to reclassify an employee from exempt to nonexempt status. Is it okay to do this? What do we need to do to change their status? Answer: Yes, it’s possible to make this change. Any employee can be classified as a nonexempt employee,...
Many people work for a family member, whether it’s a child helping out at their parent’s shop or spouses running a business together. When someone is employed by a family member, the tax implications depend on the relationship and the type of business. It’s important...
A strong workforce is the sum of many parts and perspectives, and this year’s National Disability Employment Awareness Month theme, “Disability: Part of the Equity Equation,” celebrates the essential role individuals with disabilities play in the workplace. Disability is and always has been part of the rich diversity...
The first step in this process is to analyze the type and tax status of your retirement savings. For this purpose, divide your accounts into three categories: Taxed Later: Traditional IRAs, 403(b), and 401(k)s are types of savings accounts that give you a tax deduction at...
Employee self-service (ESS) is no longer a nice-to-have. Today’s workers expect to be able to view and update HR-related information anytime from anywhere. This includes schedules, timecards, pay stubs, PTO accruals, and benefits information. While self-service provides multiple benefits, we’ll focus on cost savings. First, let’s...