HRP Blog

Take Precautions to Fight Fraudulent Workers’ Comp Claims

2018-10-24T18:03:59+00:00

Here are two critical questions: How often are Workers' Compensation claims filed against your company? And how often do you contest them? The answers are important. The National Council on Compensation Insurance recently estimated that 25 too 33 percent of all Workers' Compensation claims are invalid, yet less than 10 percent of these claims [...]

Take Precautions to Fight Fraudulent Workers’ Comp Claims 2018-10-24T18:03:59+00:00

IRS Issues Guidance Deducting Meals Bought During Entertainment

2018-10-24T17:25:01+00:00

The IRS recently provided transitional guidance about the deductibility of expenses for business meals that are purchased in an entertainment context. (IRS Notice 2018-76) The Basics Businesses can deduct ordinary and necessary expenses paid or incurred during the tax year in carrying on a trade or business. Before it was amended by the Tax [...]

IRS Issues Guidance Deducting Meals Bought During Entertainment 2018-10-24T17:25:01+00:00

Is Overtime Doing More Harm Than Good at Your Company?

2018-10-12T04:15:53+00:00

For a variety of reasons, many employees regularly supplement their base salaries with overtime pay. Some companies encourage the practice because managers believe it keeps the workflow on track during the busiest times. This may seem like a win-win situation, but there can be some hidden costs involved with working too much overtime. The [...]

Is Overtime Doing More Harm Than Good at Your Company? 2018-10-12T04:15:53+00:00

Claiming the New Employer Tax Credit for Family and Medical Leave

2018-10-12T04:03:18+00:00

The Tax Cuts and Jobs Act (TCJA) establishes a new federal income tax credit for employers that provide qualifying paid family and medical leave benefits to their employees. This credit is only available for two employer tax years — those beginning between January 1, 2018 and December 31, 2019 — unless Congress extends the [...]

Claiming the New Employer Tax Credit for Family and Medical Leave 2018-10-12T04:03:18+00:00

Create an Accountable Plan to Reimburse Employees for Business Expenses

2018-10-12T03:37:33+00:00

Did you know that the TaxCuts and Jobs Act (TCJA) eliminated itemized deductions for employees who incur unreimbursed expenses for company business for 2018 through 2025? Fortunately, you can set up a so-called "accountable plan" to minimize the adverse effects of this TCJA provision. Here's how the accountable plan deal works. Playing by a [...]

Create an Accountable Plan to Reimburse Employees for Business Expenses 2018-10-12T03:37:33+00:00

Handling Sensitive Employee Data

2018-10-01T17:34:14+00:00

Identity theft is a growing crime in this country and the liability risk of employers is increasing along with it. The reason is all the sensitive personal information collected from employees, job applicants, customers, independent contractors, business partners, patients and others. The Federal Trade Commission reports that every year, millions of Americans fall victim [...]

Handling Sensitive Employee Data 2018-10-01T17:34:14+00:00

Good Employees Start with Excellent Applications

2018-09-12T00:10:51+00:00

Check your employment application form for key elements: items and questions you really need to have in your form, and items and questions you really need to delete. This is important because missing elements -- or wrong elements -- can lead you to hire the wrong people. The following are key elements in a [...]

Good Employees Start with Excellent Applications 2018-09-12T00:10:51+00:00

Replacing Employees Costs Big Dollars

2018-09-11T23:56:06+00:00

The cost of employee turnover is alarming for many businesses. The latest statistic available from the  Employment Policy Foundation suggests the average cost of turnover to employers is $13,355 per full-time private-sector employee replaced. Keep in mind, this study was done several years ago so chances are this figure has risen considerably. Still it is enough to be [...]

Replacing Employees Costs Big Dollars 2018-09-11T23:56:06+00:00

QBI Deduction Provides Tax Break to Pass-Through Entity Owners

2018-09-10T15:10:17+00:00

The IRS recently issued proposed reliance regulations to help clarify the new qualified business income (QBI) deduction that was introduced as part of the Tax Cuts and Jobs Act. This guidance is complex and hundreds of pages long. As part of the proposed regs, the IRS explained that, if certain requirements are met, individuals, [...]

QBI Deduction Provides Tax Break to Pass-Through Entity Owners 2018-09-10T15:10:17+00:00

Take Special Care with Uncashed Paychecks

2018-09-10T15:11:44+00:00

The Scenario: Your company issues a final paycheck to an employee who is moving out of town and leaves only a forwarding address. A year later, the check still hasn't been cashed despite several letters your company has sent offering to void the original and reissue the check. You know that your bank won't [...]

Take Special Care with Uncashed Paychecks 2018-09-10T15:11:44+00:00