If you provide a 401(k) account as a benefit to your employees, you need to know the deadline for depositing the employee deferrals into their accounts. If you don’t deposit 401(k) contributions on time, you might face multiple consequences.
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Human Resources - Tips, Training, and News
Bereavement Time Off: How to Handle Leave for Your Employees
The death of a loved one can be difficult to go through. When an employee loses a loved one, offering bereavement time off can give your employee time to cope. Employees can use bereavement leave to make funeral arrangements, attend the funeral, and manage the estate.
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The Basics of Flexible Work Arrangements
Flexibility to balance work and life is a very important aspect of job satisfaction to 53% of employees. What are you doing to help employees improve their work-life balance?
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What’s the Deal With NJ Transit Benefits?
If you’re an employer, chances are at least one of your employees has to commute to get to your business for work. And if your business is smack dab in the middle of a big city (e.g., New York City), those chances increase. According to one source, 76% of individuals drive themselves to work every […]
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ICHRA, Health Insurance Alternative for All Businesses
The Individual Coverage Health Reimbursement Arrangement (ICHRA) lets employers reimburse employees for the cost of their health insurance coverage. An ICHRA is not considered a traditional group health insurance plan. Instead, employees can select their own health insurance plan either on or off the Health Insurance Marketplace.
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What Is Form SS-4? Applying for an EIN for Your Business
Some businesses are required to have a Federal Employer Identification Number (FEIN). FEINs, or EINs, are used by employers and other businesses for tax filing and reporting purposes. FEINs work similarly to Social Security numbers. When you include your business’s unique nine-digit number on documents, the IRS can easily identify your company. One way to […]
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Understanding and Implementing Employee Termination Procedures
When an employee leaves your business, there are certain payroll and HR tasks you must do. It doesn’t matter if the employee is voluntarily or forcibly terminated. Employee termination procedures guarantee that your business remains in compliance with federal and state laws.
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Time Theft: What it Is and How to Stop It
Do you think an employee is stealing time from your company? There are many types of employee time theft. And, worker time fraud can be expensive for your business.
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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.
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The Working Condition Fringe Benefit Is Tax-free. Who Knew?
For many employers, nothing’s more confusing than employee benefits and payroll taxes. Are there any fringe benefits that are exempt from all payroll taxes? Yes, there are, and the working condition fringe benefit (spoiler!) is one of them.
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