The new overtime rule has resulted in many employers switching their employees from salary to hourly paid. While some employers believe that employees who perform certain duties are exempt, this is not necessarily the case. An employee is only exempt if they meet the guidelines which have been established by the FLSA.
While the United States has a multi-trillion dollar economy which provides significant opportunities to both local and international businesses, many companies make mistakes when it comes to interpreting US payroll regulations. This is understandable as these regulations can be quite complex. In addition to the federal laws regarding payroll, employers must also take into consideration state and municipal compliance. Below is a simple guide to interpreting American payroll regulation in a manner that will benefit businesses.
While it is certainly possible to prepare your taxes manually, there are a number of advantages you’ll gain by using tax preparation software. If you’re a smaller business or sole proprietor, you’ll find that this software is sufficient to handle most, if not all, your tax needs. This will give you more time to focus on improving your business. Here are some of the key benefits you’ll gain by using such tax prep programs.
Small business owners who have recently established their company will have many questions regarding small business taxation, and rightly so. Making a mistake regarding taxes can lead to costly penalties that few small businesses can afford, so familiarizing yourself with the basics can go a long ways towards ensuring that everything is done by the book.
HSA, HRA and FSA are threehealthcare benefits acronyms which can be very confusing. Perhaps you have signed up for one, only to find it was another. Knowing the difference between the three is crucial when it comes to employee benefits administration.
Foreign expats who are doing business in the United States may notice a number of differences between U.S. business culture and the culture of their country of origin. This is true even for many European, Australian, or Canadian expatriates. Understanding the American way of doing business will make it easier to fit in and remain productive. Below are some things to bear in mind.
2016 is an election year, and this election has turned out to be one of the most contentious in recent memory. Since Election Day is tomorrow, let’s spend some time to talk about the impact of political happenings on the workplace. Of course, you would expect to hear political conversations at the workplace from time to time, and as long as they remain civil and don’t interfere with the productivity of the team, they should be tolerated. Here are some ways to approach this sensitive topic. Read More
The success or failure of a business is often determined by its workplace productivity. The workplace is where the products or services are manufactured which leads to your profits. The efficiency with which these products or services are created will determine your ability to compete in the marketplace. The largest businesses in the world which have the greatest longevity are successful often because they are simply more efficient than everyone else. Capitalism has little patience for inefficiency and will weed out institutions that are. Below are some productivity tips which will help your business thrive.
To a certain degree, absenteeism is expected from time to time in the workplace. Humans aren’t robots, and sometimes can become sick or have to deal with a variety of issues that can prevent them from coming to work. However, chronic absenteeism is an issue that employers must address, as it can seriously impact productivity, especially when multiple employees are exploiting the rules.
The majority of employers offer their workers a specific number of vacation or sick days per year, but there are times when employees may take off more days than this. When this happens, the way in which you choose to respond can impact your bottom line. Below are some helpful tips for responding to absenteeism.