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COVID-19 Relief for Employers: New Employee Retention Tax Credit


The coronavirus (COVID-19) pandemic has shut down many sectors of the U.S. economy, causing widespread job losses. Over 10 million Americans applied for unemployment benefits in March, according to the U.S. Department of Labor. And far more claims are expected in April. Some economists predict that the unemployment rate could rise to Depression-era levels of [...]

COVID-19 Relief for Employers: New Employee Retention Tax Credit2020-04-22T14:01:40+00:00

401(k) Contributions: Employers Should Keep Calm but Know the Options


The coronavirus (COVID-10) pandemic has had adverse effects on many industries. Both employers and employees are seeking ways to respond to financial stress resulting from the economic slowdown and financial market volatility. If your company's revenue has plummeted, you might be considering eliminating or scaling back your contributions to employees' 401(k) accounts. Here's what you [...]

401(k) Contributions: Employers Should Keep Calm but Know the Options2020-04-22T14:02:08+00:00

Deducting Medical Expenses for 2019 and Beyond


Under current tax law, medical expenses can be deducted as an itemized deduction on your federal income tax return only to the extent that they exceed 7.5% of adjusted gross income (AGI). This AGI threshold was in place for 2017 and 2018 under the Tax Cuts and Jobs Act (TCJA). And now it's been extended [...]

Deducting Medical Expenses for 2019 and Beyond2020-02-27T18:51:56+00:00

Who Pays When Employees Fulfill Civic Duties?


Most people agree that civic duties are important. The fact is, many responsibilities such as jury duty and voting have to be performed during traditional work hours. For employers, allowing staff members to take time extra time off can affect the smooth operation of their businesses. Do you have to set aside the immediate interests [...]

Who Pays When Employees Fulfill Civic Duties?2020-02-27T18:35:27+00:00

10 Topics for Handbook Review


There is danger lurking in employee handbooks which are rarely or never updated. Employment laws change. New ones are added. New court decisions affect employment practices. And social changes also impact the workplace. So regularly, perhaps once a year, employers need to review the policies in the employee handbook. (It's wise to ask an HR [...]

10 Topics for Handbook Review2020-02-27T18:12:15+00:00

New DOL ‘Rate of Pay’ Regs Update Overtime Pay Rules


What is the "regular rate of pay" for a nonexempt employee? The answer is needed when calculating hourly overtime wages, which must exceed base wages by 50%. New regulations from the U.S. Department of Labor (DOL) that take effect January 15 update the definition of "regular rate of pay" to guide your overtime pay calculations. [...]

New DOL ‘Rate of Pay’ Regs Update Overtime Pay Rules2020-02-03T05:01:25+00:00

Payroll Questions Keep on Coming


Payroll is one of the most complex administrative tasks employers face. And because of the tremendous importance of payroll to American households and the economy, there are many rules surrounding it. Here are answers to some payroll and employment questions you may have: Q. Is an employer required to provide employees with pay stubs? A. [...]

Payroll Questions Keep on Coming2020-02-03T04:56:33+00:00

Motivation Secret: Give Employees More Control


Create a win-win for both employees and your workplace leaders by helping both take more control in reducing stress in the workplace. Taking small measures to help reduce stress and give employees more job control will improve performance, motivation, employee health, satisfaction, and overall happiness. Maureen Garrity, HR director at Enterprise Record in Chico, CA, [...]

Motivation Secret: Give Employees More Control2020-02-03T04:48:49+00:00

Has Your Company 401(k) Plan Made These 11 Mistakes?


It is critical to keep your company's 401(k) plan in compliance with numerous federal laws and regulations. Plans that are found to be in violation risk expensive penalties and disqualification. The IRS recently issued this list of 11 potential errors: 1. Has your 401(k) plan document been updated within the past few years to reflect [...]

Has Your Company 401(k) Plan Made These 11 Mistakes?2020-02-03T04:36:36+00:00

Stretch IRAs Lose Potency under the SECURE Act


The Setting Every Community Up for Retirement Enhancement (SECURE) Act contains a number of favorable provisions that will help Americans save more for retirement. However, the new law also contains an unfavorable provision that will affect nonspouse IRA beneficiaries who inherit accounts with substantial balances. As a result, some carefully constructed estate plans will be [...]

Stretch IRAs Lose Potency under the SECURE Act2020-02-03T04:24:21+00:00