With the cost of health care continuing to rise, providing robust health care as a benefit to employees is becoming an increasingly important issue, especially in these times when the Covid-19 pandemic remains a concern and the future is uncertain. Fortunately, businesses can take steps to...
The Coronavirus Aid Relief and Economic Security Act (the “CARES Act”) provides a way for churches to provide both tuition, books, supplies, and student loan payments tax-free through January 1, 2026. THE CORONAVIRUS AID RELIEF AND ECONOMIC SECURITY ACT (THE “CARES ACT”) OF IRC Section 127 allows churches to reimburse up to $5,250 per employee,...
As you prepare your payroll each period, do you wince when you see all the time-and-a-half money you are paying out because of overtime? It could be that it's a temporary busy time, but maybe you need to be more proactive in overtime management. Avoiding unauthorized...
The ramifications of payroll mistakes emanate from external and internal sources. Externally, the government can levy fines and penalties for payroll noncompliance. Internally, employees tend to become seriously concerned when an error shows up on their paycheck. There are many possible reasons for these mistakes,...
Business owners need to make choices on their 2021 taxes regarding the Paycheck Protection Program and the Employee Retention Credit. Both were enacted to help businesses stay in operation during the lockdowns caused by the COVID-19 pandemic. The PPP provided forgivable loans to businesses, and the...
Hybrid or remote work environments are here to stay. When setting up a sustainable workflow and process, consider the following questions: What steps are you taking to ensure that everyone receives the training they need? Are you monitoring your staff's overall well-being? How are you...
You heard the calling. You received the commission. Then you found the location, gathered your team and launched your church plant. God is moving in amazing ways and you are on fire. Now someone is telling you that you need to stop to set up HR...
TimeWorksPlus can solve PTO problems faced by small and mid-size businesses. It’s the only way to manage Paid Time Off (PTO). Problem 1: Spreadsheets are a pain Solution: TimeWorksPlus tracks PTO as your employees clock in and out. It can save you several hours every month. You don’t...
An employee who resigns with two weeks' notice may think they are doing you a favor. But in fact, it can be a payroll headache, especially if you listen to some of the misinformation you may have heard about two-week notices. For example, you may...
The total of all salary deferrals a participant makes to various retirement plans – including 401(k), 403(b), SARSEP and SIMPLE IRA plans – is limited to $19,500 (plus an additional $6,500 if age 50 or over) for 2021. If you exceed this limit for 2021, you...