Want to claim 401(k) tax credits worth up to $16,500? Ready to attract and retain employees with a better benefits package that lets them save for retirement? If so, you might be interested in starting a 401(k). But to do that, you need to know how to set up a 401(k) in your small business.
Read More Ready to Beef up Your Benefits Package? Here’s How to Set up a 401(k) for Your BusinessPayroll Articles
Payroll Tips, Training, and News
June 11, 2022
What Is Unemployment Insurance?
When an employee becomes unemployed at no fault of their own, that worker can receive a small amount of money to help them make ends meet during unemployment. That money comes from unemployment insurance. Unemployment insurance is funded by payroll taxes.
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June 4, 2022
What Is Vesting?
Many businesses use benefits as a way to attract employees. For many employer-sponsored benefits, you can decide to contribute funds. To improve employee retention at your business, and increase your company’s bottom line, you might institute a vesting schedule for your contributions. What is vesting?
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May 25, 2022
Go Through This Termination Checklist Before Bidding an Employee Adieu
Here’s a number for you: 47.2%. That was the 2021 annual total separation rate (aka the number of total separations as a percent of annual average employment). And here’s one more number for you: 4,258,000. That’s the number of employees who quit their jobs in January 2022.
Read More Go Through This Termination Checklist Before Bidding an Employee Adieu
May 23, 2022
Referral Bonus Payouts: Don’t Cut That Check! Your Guide Has Arrived
Found the best new hire thanks to an employee referral program? Great! Next on the agenda is paying out the referral bonus to the referring employee.
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May 20, 2022
A Closer Look at Medicare and Medicare Taxable Wage
As an employer, you’re responsible for payroll taxes, like Medicare tax. So, what’s the purpose of Medicare tax? And, what does it include? Keep reading to get a brief rundown. Medicare tax overview Medicare taxable wage is defined as gross earnings minus non-taxable income. Gross earnings are made up of the following: The non-taxable wages […]
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May 20, 2022
Base Period in Regard to Unemployment
The term base period is often used in reference to unemployment benefit claims. When an employee files unemployment, a state agency may ask the employer to provide a payroll and work history for the claimant during a specified a base period. Providing this data helps the state unemployment agency determine how much unemployment the employee […]
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May 20, 2022
What Are Regular Hours?
The term “regular hours” can mean several different things, but most often refers to the usual hours that employers expect their employees to work. When an employer runs payroll, they usually must select from several different hours types: regular hours, overtime hours, holiday hours, etc.
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May 20, 2022
What Is a Simplified Employee Pension (SEP)?
For small business owners, making significant contributions towards employee retirement can be a challenge. Simplified Employee Pension (SEP) plans can be a great savings option.
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May 20, 2022
On-call Pay: California | Does Ward v. Tilly’s, Inc. Ruling Affect You?
If you want your business to be legally compliant, you must follow federal and state employment laws. California employers should know about the 2019 court case, Ward v. Tilly’s, Inc., and how it affects paying for on-call time. Read on to learn about California on-call laws.
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