Before establishing an official payroll process for your company, it’s important to think about how you want payroll to work. As you ponder your options and think about the way you want to run payroll, make sure you prioritize the following details. Otherwise, you might...
Below are federal payroll tax rates and benefits contribution limits for 2024. Social Security tax In 2024, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2023. The Social Security wage base is $168,600 for employers and employees, increasing from $160,200 in 2023. Self-employed people must...
OSHA Form 300A Workplace Posting Begins February 1 Employers that had 11 or more employees at any point in 2023 are required to post Occupational Safety and Health Administration (OSHA) Form 300A, Summary of Work-Related Injury and Illnesses, from February 1 through April 30 unless...
The actual channels an employee needs to go through vary from organization to organization, but here are some basics that need to be in place no matter what: Have a clear policy in place on what types of behavior will and will not be tolerated. ...
Companies are introducing sabbaticals for long-term employees to use for personal projects that take more time than a vacation affords. Professional development, community service and travel are packed into sabbaticals. Leave is often awarded in tenure-based increments — one or two weeks for every year of...
On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act (FLSA). This final rule rescinds the Independent...
According to an IRS statement, starting in 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for...
Navigating the intricacies of the Affordable Care Act (ACA) can be a daunting task for business owners, particularly when it comes to understanding whether your company falls under ACA’s purview. A key factor in determining ACA compliance is the employee count. This article aims to simplify...
Here are the three most important things to remember when considering rescinding a job offer: 1. THINK IT THROUGH Examine the evidence from all perspectives before making a decision. The proper context and source credibility matter! Following any notice requirements, approach the candidate with the benefit...
According to Gallup data gathered in spring 2022, 59% of survey respondents prefer to work at least part of the week away from the office. A mere 9% of employees with remote capabilities actually prefer to work full time on-site. This shift in attitudes has...