As if payroll itself wasn’t complicated enough, there are IRS reporting deadlines and deposit schedules to comply with as well. And, to make things ever more interesting, it can change depending on how your payroll changes through the year. How can a small business owner keep up with it all? (more…)
Did you know that as of 8/1/16, the labor law posters that you have posted in your place of employment became out-of-date? Yes, there were federal changes to that poster that require employers to obtain new posters in order to remain compliant. So, what were those changes? (more…)
President Obama recently made news in the business world by announcing an executive change to the rules governing overtime pay. This change will result in a greater number of workers who will be eligible for overtime pay. Because this change has the potential to affect the size of workers’ paychecks, it is sure to capture the attention of employees and employers alike. (more…)
For those that may not be familiar with FMLA, it is the Family Medical Leave Act. In summary it allows employees to take a leave of absence for medically related purposes and family related medical incidents or procedures. There are several considerations to be made on whether an employer must honor the Family Medical Leave Act. The Family Medical Leave Act, according to the Department of Labor website, consists of the following: (more…)
The truth always comes out at this time of year – right after small business owners file their tax returns. Unless a business owner has learned about accounting practices and knows the ins and outs of profit and loss statements and balance sheets, the language of business finance can be absolutely foreign. As a friend of mine often says, “I think they’re talking Pekingese.” (more…)
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Leave a Comment (0) →Many small business owners (SBOs) think they don’t need to have a human resources or payroll department. They think they can handle all of the HR and payroll paperwork themselves. The problem is, not having a payroll department means these employers are taking on a considerable financial risk. (more…)
You might be thinking, “Wait, isn’t that what a performance review is for?” Unfortunately, performance management – or, as it has also been called, “performance review” has long had a negative connotation attached to it, when, really, it should be a positive and constructive experience. In fact, through my years of HR experience, I have seen how powerful and profitable a good performance management strategy can be for small businesses. (more…)
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