As America continues to move through the COVID-19 pandemic, we're confident we’ll emerge stronger than ever, and one of the main reasons is increased understanding of the need to support each other. By crystalizing the critical link between work and wellbeing, the past two years...
While ministers are employees for federal income tax reporting purposes, they are self-employed for Social Security purposes with respect to services they perform in the exercise of their ministry. This means that they must pay both the employee and the employer share of social security tax...
In general, yes. But you should have—and document—a legitimate business reason for doing so. Denying vacation requests will undoubtedly hurt morale, especially if it happens frequently, and low morale leads to higher rates of turnover. Discrimination claims are also a risk. Although denying vacation requests for...
Payroll is a critical function for organizations of all types and sizes. Payroll processing and tax compliance require a tremendous amount of attention to detail to ensure accuracy. With an entrepreneurial spirit and focus on growing your company, your time is already stretched thin and...
The IRS has issued guidance for employers regarding the retroactive termination of the Employee Retention Credit (ERC). The Employee Retention Credit now applies only to wages paid before October 1, 2021, unless the employer is a recovery startup business. This guidance can be found in Notice 2021-65....
The hybrid work model is exploding in popularity. Businesses recognize that flexible work is here to stay and top talent expects it. Hybrid work is a blended model that consists of some employees who work 100% remotely, others who work in an office, and the majority...
As someone who has been burned out, I know it’s not a question of if your staff is experiencing burnout, but how many of them are already burnt out. Most people have no clue. I know I didn’t. It’s not that we are clueless. We think...
Small business compliance has never been more complex. This blog will introduce you to the leading challenges and solutions that will help you to stay on the right side of the law. It’s important to understand regulations and create compliant processes. This way, you protect...
A 2021 survey by the consulting agency beqom found that 80% of U.S. workers expect their employers to let them work remotely multiple days per week. Most respondents, 65%, also said they would accept a pay cut to work remotely. Additionally, a 2021 survey by PayScale...
Once you have at least one person working for your business, you're an employer. Being an employer comes with a wide range of responsibilities, including withholding, depositing and paying employment taxes. How can you make sure you're fulfilling all your tax duties to avoid getting...