In certain sectors, employees are often “on-call”—not exactly working but not exactly off-duty. The rules regarding pay in such situations are complex. Click through for an introduction to on-call pay, and your responsibilities as an employer. Under the Fair Labor Standards Act, whether employees should receive on-call pay depends on whether the time spent on […]
As an employer, you face the important task of withholding payroll taxes for employees and paying them to the government. It can get complex, so you need to have a formal process. Click through for the details to make sure you’re on top of this responsibility. Employers generally must withhold income tax from employees’ wages. […]
Is your 401(k) plan compliant? You can find out by conducting your own internal 401(k) audit. Click through to learn about six crucial areas to check. Under IRS and Department of Labor rules, employers whose 401(k) plans have over 120 eligible participants on the first day of the plan year must hire an Independent Qualified […]
What exactly is passive investing? Maybe there’s something in its name that makes it sound almost like a cop-out! Actually, passive investing can be very powerful. Click through for the basics so you can see how it may work with your long-term plans. Passive investing is basically making an investing decision and sticking with it […]
While nearly all large companies provide diversity training, there is hardly any follow-up with rigorous measurements of impact. How can you make sure that these well-intentioned programs really work? Click through to learn how to avoid major pitfalls. Although diversity, equity and inclusion programs are generally well intentioned and considered “the right thing to do,” […]
Citizens who come up with the-dog-ate-my-homework excuses for not paying their fair share of taxes really annoy the U.S. government. Click through to see the IRS response to reasons you create for failing to file or pay taxes. The internet is full of odd — and incorrect — tax advice, including urban legends on how […]
30 Years of the FMLASummary: As we reach the 30th anniversary of the Family and Medical Leave Act, what better time is there to reflect on the law and the effects it has had on American workers? Click through for a discussion about the FMLA, including its benefits and drawbacks as well as its future. Ever […]
Do You Know Your Debt-to-Income Ratio?Summary: Lenders look favorably on borrowers who are most likely to make their mortgage payments on time each month—so they look at your debt relative to your income. Click through to learn more about how this ratio could improve your odds of qualifying for a mortgage loan. Applying for a mortgage? […]
The Skinny on Fringe Benefits and Taxes Summary: It can be a forgotten aspect of taxation, but with few exceptions, fringe benefits must be included in an employee’s gross income and are subject to tax withholding and employment taxes. Click through to make sure you’re in compliance. Do you offer a variety of fringe benefits to […]
Tax Planning: A Year-Round TaskSummary: Tax planning is not meant to be a year-end scramble or something to be done right before April 15. Click through to see how careful planning now may mean a better outcome when the next due date comes around. Tax planning is a 12-month activity. It’s not something you try to fix […]
