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  • Pay as you go workers' comp

    What Is Pay as You Go Workers’ Comp?

    posted by Rachel Gray
    Newest Article
  • Giving bonus pay to employees can improve your business.

    What Is Bonus Pay?

    posted by Mike Kappel
    Recent Article
  • How to Calculate a Raise

    Employees have money on their minds. According to a Gallup poll, 59% of employees were not completely satisfied with their current pay. And, one SHRM survey found that 44% of respondents said they would leave their job to make more money elsewhere. To avoid losing their top employees, many businesses offer pay raises. Learn why employee raises are important, when to give salary raises, and how to calculate a raise.

    What You Need to Know About a Qualifying Life Event

    Employees have a window of time each year to sign up for certain types of employer-sponsored insurance. Although this open enrollment period takes place at the end of each year for all employees, an employee can add or remove coverage at any time of the year if they have a qualifying life event.

    What is a qualifying life event, and what do you need to do if one of your employees goes through one? Read on to learn how to handle qualifying life events.  

    Consult This Employee Termination Checklist to Keep Things Running Smoothly

    Employees leave companies every day to pursue growth opportunities, accommodate personal lives, or experience change. As an employer, you hope employees won’t leave your business, but you know this is wishful thinking. When an employee resigns, you need to know what to do.

    The average annual overall turnover rate is 19%, according to SHRM. If a business with 22 employees has a turnover rate of 19%, it would lose four employees each year. Sounds like a lot of work, right?

    Newbie and veteran employers alike struggle with the employee resignation process. It isn’t easy to remember everything you have to do when you have a million other responsibilities. To help, we’ve created an employee termination checklist.

    Answers to 18 Payroll Questions You Are Dying to Ask

    For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.

    Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount

    It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks.

    This article provides an overview of employment taxes you need to withhold, mistakes you could make, and the steps to take if you make a withholding mistake.

    What Is an FEIN?

    When you run a business, you must meet many IRS requirements. You might need an FEIN to identify your business on documents like payroll tax forms. What does FEIN mean?

    What Does Pay Frequency Mean?

    When you have employees, you need to run payroll so they can receive their wages. Before paying employees, you need to decide on a pay frequency. Your industry, the number of employees you have working for you, the type of workers you have, and legal requirements determine your pay frequency. But first, what does pay frequency mean?

    What Is 2% Shareholder Health Insurance?

    Do you own an S corporation and offer health insurance to employees? If so, you need to know how 2% shareholder health insurance works for S corporations.  

    A Breakdown of the Colorado Occupational Privilege Taxes

    A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it.

    If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are.

    FLSA Provisions for Recovering Back Pay

    Employees might be entitled to back pay based on several federal and state laws.

    The Fair Labor Standards Act (FLSA) is a federal law that entitles employees to a minimum wage and overtime wages. When employers don’t give employees at least the minimum wage and overtime wages when required, employees might be able to receive FLSA back pay for the wages they missed out on. However, there is an FLSA statute of limitations, or deadline, on an employee’s ability to claim those wages.

    How to Calculate a Raise

    Employees have money on their minds. According to a Gallup poll, 59% of employees were not completely satisfied with their current pay. And, one SHRM survey found that 44% of respondents said they would leave their job to make more money elsewhere. To avoid losing their top employees, many businesses offer pay raises. Learn why employee raises are important, when to give salary raises, and how to calculate a raise.

    What You Need to Know About a Qualifying Life Event

    Employees have a window of time each year to sign up for certain types of employer-sponsored insurance. Although this open enrollment period takes place at the end of each year for all employees, an employee can add or remove coverage at any time of the year if they have a qualifying life event.

    What is a qualifying life event, and what do you need to do if one of your employees goes through one? Read on to learn how to handle qualifying life events.  

    Consult This Employee Termination Checklist to Keep Things Running Smoothly

    Employees leave companies every day to pursue growth opportunities, accommodate personal lives, or experience change. As an employer, you hope employees won’t leave your business, but you know this is wishful thinking. When an employee resigns, you need to know what to do.

    The average annual overall turnover rate is 19%, according to SHRM. If a business with 22 employees has a turnover rate of 19%, it would lose four employees each year. Sounds like a lot of work, right?

    Newbie and veteran employers alike struggle with the employee resignation process. It isn’t easy to remember everything you have to do when you have a million other responsibilities. To help, we’ve created an employee termination checklist.

    Answers to 18 Payroll Questions You Are Dying to Ask

    For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.

    Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount

    It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks.

    This article provides an overview of employment taxes you need to withhold, mistakes you could make, and the steps to take if you make a withholding mistake.

    What Is an FEIN?

    When you run a business, you must meet many IRS requirements. You might need an FEIN to identify your business on documents like payroll tax forms. What does FEIN mean?

    What Does Pay Frequency Mean?

    When you have employees, you need to run payroll so they can receive their wages. Before paying employees, you need to decide on a pay frequency. Your industry, the number of employees you have working for you, the type of workers you have, and legal requirements determine your pay frequency. But first, what does pay frequency mean?

    What Is 2% Shareholder Health Insurance?

    Do you own an S corporation and offer health insurance to employees? If so, you need to know how 2% shareholder health insurance works for S corporations.  

    A Breakdown of the Colorado Occupational Privilege Taxes

    A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it.

    If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are.

    FLSA Provisions for Recovering Back Pay

    Employees might be entitled to back pay based on several federal and state laws.

    The Fair Labor Standards Act (FLSA) is a federal law that entitles employees to a minimum wage and overtime wages. When employers don’t give employees at least the minimum wage and overtime wages when required, employees might be able to receive FLSA back pay for the wages they missed out on. However, there is an FLSA statute of limitations, or deadline, on an employee’s ability to claim those wages.

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