Each time you hire a new employee, you are responsible for verifying they are eligible to work in the United States. To do this, use Form I-9, Employment Eligibility Verification, when onboarding new hires. All U.S. employers are required to use the I-9. Failing to do so can result in penalties. Learn how to fill […]Read More How to Fill Out Form I-9 When You Hire a New Employee
New employee forms are a staple of the onboarding process. Before an employee can legally begin working for your business, they need to fill out required forms. What forms do new employees need to fill out?Read More New Employee Forms: What Do New Employees Need to Fill Out?
When you hire new employees, you need to collect information to verify employment eligibility and run payroll. Federal Forms W-4 and I-9 are just the beginning when it comes to new employee forms. You may also need to collect state-specific forms, including your state’s W-4. What is the state W-4 form?Read More Don’t Forget to Collect State W-4 Forms from New Hires
The new W-4 form for 2024 is now available. Unlike the big W-4 form shakeup of 2020, there aren’t significant changes to the new form. But that doesn’t mean you shouldn’t familiarize yourself with it.Read More New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
The Department of Labor recovered over $274 million in back wages and damages in 2023 due to wage violations. Employers who use illegal payroll practices owe back the money they “steal” from employees and are subject to hefty penalties. Plus, these businesses lose the trust of their workers and harm their employer brand.Read More For the Love of Your Small Business: 11 Wage Violations You Need to Avoid
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.Read More How to Handle Pay and Employment Issues When You Hire Remote Workers
If you have a low- or moderate-income worker, they may be eligible for the earned income tax credit (EITC). Read on to learn all about the earned income credit, including who is eligible for it and how workers can claim the credit.Read More What Is the Earned Income Tax Credit, and How Does it Work?
In the United States, the most common type of retirement plan is the trusty 401(k). With over 60 million active participants and an estimated $7.3 trillion in assets, businesses of all sizes offer this type of plan to help their employees save for the retirement they deserve.Read More Safe Harbor 401(k) Plan: How to Maximize Your Small Business’s Savings
Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings).Read More Connecticut Employers, How Much Do You Know About MyCTSavings?
Do your employees use company-owned or leased vehicles for personal reasons? If so, you need to know how to handle reporting personal use of company car for wage and tax purposes.Read More Your Guide to Navigating Through Personal Use of Company Car Rules