From time to time, employees miss work. Expecting employees to come in every day throughout the year is likely unrealistic. But when employees make a habit of missing work unexpectedly, their absences can set your business back. Learn how to calculate your business’s absenteeism rate to reduce absenteeism in the workplace.
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Employee - Tips, Training, and News
W-2 Employee vs. 1099 Contractor
Key Takeaways W-2 employees are on payroll with taxes withheld, benefits, and labor law protections; 1099 contractors are self-employed and paid without withholding. Misclassification can lead to back wages, taxes (including both sides of FICA), penalties, interest, and potential legal action. Use DOL’s six-factor test and the IRS common-law rules; real-world control, financial arrangements, and […]
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How to Handle Pay and Employment Issues When You Hire Remote Workers
Remote work is becoming more common. If you hire remote workers who work in a different state than where your business is located, you need to know how to handle pay and employment issues.
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What Is a Highly Compensated Employee?
If your company offers retirement plan options, you have to ensure each employee can benefit equally from the plan. To do this, you must consider who is a highly compensated employee (HCE). Not familiar with highly compensated employees? No worries. We’ll go over the HCE definition, how to determine who is classified as a highly […]
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How Much Does an Employee Cost? Busting Myths With an Infographic
The greatest expense for small business owners is often payroll. Why? Because when you hire employees, you pay more than just their wages. You also pay payroll taxes, benefits contributions, and other miscellaneous expenses. So how much does an employee cost?
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Which States Require an EITC Notice (IRS Notice 797) for Employees?
Several states require that employers give tax notices to employees regarding their possible eligibility for the Earned Income Tax Credit (EITC, or EIC). The tax notice is typically IRS Notice 797, although you can give alternative notifications.
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How to Employ Your Child: 10 Tips for Keepin’ It in the Family
Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work. At the same time, you gain an extra set of hands to get tasks done (win-win-win!).
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Understand the Difference Between Exempt vs. Nonexempt Employees
Employees want the wages they deserve. Employers want to avoid penalties and fines. Want the best of both worlds? Understand the difference between exempt vs. nonexempt employees.
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What Is a Nonexempt Employee?
Worker classification is critical. After you’ve narrowed down whether a worker is an independent contractor vs. employee, you’re not done. You need to also figure out if an employee is nonexempt. What is a nonexempt employee?
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Independent Contractor vs. Employee Classification
Here’s a payroll question: How do you differentiate between employees and independent contractors? It all depends on the relationship between the potential employer and the worker, as outlined by the 2024 DOL contractor rule.
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