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The Top 10 Steps for Making Compliant Job Descriptions
When was the last time your small business audited your job descriptions for legal compliance? As a part of your standard HR practices, you should regularly update your job descriptions. Each job should have its own job description. These descriptions are the...
The Top 10 Steps for Making Compliant Job Descriptions
When was the last time your small business audited your job descriptions for legal compliance? As a part of your standard HR practices, you should regularly update your job descriptions. Each job should have its own job description. These descriptions are the...
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What Does It Take to Make Your Job Postings Legally Compliant?
Are you confident your company’s job postings are legally compliant? As a small business, the right HR practices can make or break your company. Beyond ensuring legal compliance, your HR team helps you find highly qualified, productive workers. Your job postings...
New Year’s Tips from Your Human Resources Professionals
The beginning of a new year is a great time to internally audit some of your HR-related practices. The following are a few tips to get you started:Employee Handbook – It is not a bad idea to have an HR Professional review your handbook annually for compliance issues....
$2,500 Limit on Health FSA Annual Pre-Tax Contribution
Effective January 1, 2013, employee pre-tax contributions to Health Flexible Spending Accounts (FSAs) will be limited to $2,500 per calendar year. For subsequent years, this amount will be indexed to the Consumer Price Index (CPI). Employers with non-calendar year...
W-2 Report for 2012
The W-2 Form for 2012 reporting must provide tax information from January 1, 2012 – December 31, 2012. The actual form must be distributed to employees by January 31st, 2013. In addition, employers issuing 250 or more W-2 forms must include the cost of health coverage...
OASDI Tax Rates
The Social Security's Old-Age, Survivors and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation within a given year. This limit is updated each year with changes in the national average wage index. For earnings in 2013, the Social...
IRS Standard Mileage Rates for 2013
The Internal Revenue Service issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Effective January 1, 2013, the standard mileage rates for the use of a...
IRS Extends Filing And Payment Deadlines
The Internal Revenue Service (IRS) has extended until February 1, 2013 the deadlines for most income tax returns, income tax payments and other time-sensitive actions for taxpayers affected by Hurricane Sandy in federally declared disaster areas in Connecticut, New...
Additional Medicare Tax
Effective January 1, 2013, an additional Medicare tax will impact employers and payroll service providers. The Patient Protection and Affordable Care Act (PPACA) increases the Medicare tax rate on wages by 0.9% (from the current rate of 1.45% to 2.35%) for...
What is the FUTA Credit Reduction…and Does It Apply to Me?
Depending on the states in which you do business, you may have received an unhappy surprise at the end of December. It’s possible you will have to pay an additional amount of Federal Unemployment taxes for 2012 if your state was unable to pay all the...
American Payroll Association (APA) Compliance Update
Payroll in 2013 – Higher Social Security Tax Rate; New Withholding Tables -- On January 2, 2013, President Barack Obama signed into law the American Taxpayer Relief Act of 2012 (ATRA 2012; H.R. 8). The new law permanently fixes income tax rates at the levels...
HRA or HSA? – Part 3
In HRA or HSA?– Part 1 and HRA or HSA? – Part 2, we took a look at the basic components of the HSA and HRA. This time, let’s weigh the pros and cons of each benefit and decide which is best for your company. First, let’s list what they have in common. ...
Employee Wellness – For Businesses Large and Small
Wellness Programs aren't just for the 500+ employee companies anymore. Regardless of the size of your staff, an employee’s health and well-being impacts your organization’s productivity and bottom line. Let’s take a look at some of the...
Year-End Payroll Reminders – If You Process Your Own Payroll
Year-end has many challenges for those of us responsible for payroll in our companies; however, if you process your payroll in-house, your to-do list is even longer. In this post, we’ll discuss the tasks you’ll need to do in order to be ready when you get to...
HRA or HSA? – Part 2
In HRA or HSA? – Part 1 we discussed the HSA and how it works with a high-deductible health plan. In this post, we’ll take a look at health reimbursement arrangements (HRA) and how they can help your employees. Unlike the HSA, a high-deductible health plan...
Year-End Payroll Reminders – What Needs to Be Added to the W-2?
W-2 federal wages and withholding…check. W-2 social security and Medicare wages and withholding…check. W-2 state wages and withholding…check. W-2 boxes 12, 13, and 14…huh? Feel like you need a decoder ring to understand the codes for box 12 and box 14 on the W-2?...
Employee Handbooks
Employee Handbooks are not required by law, but it’s always in your company’s best interest to have one. A handbook allows employers to inform employees about workplace rules and benefits in an efficient, uniform way. Employees will know what is expected...
HRA or HSA? – Part 1
For many employers, autumn isn’t just about football, warm sweaters, and brightly-colored leaves. It’s also the season for designing an employee benefits package for the new year. And like those leaves drifting to the ground, acronyms are swirling all...
Year-End Payroll Reminders
It’s that time of year! As the days grow shorter, the payroll to-do list grows ever longer. Today we’ll take a look at the general categories you need to deal with as year-end approaches. First and foremost, confirm that your employees’ names, addresses,...
Employee or Independent Contractor?
“Can we classify this person as a 1099?” is a common question for a payroll company. Sometimes one assumes a worker can be considered a contractor if they are only temporary, or only work a few hours a week, but that’s not necessarily the case. Take time...
OASDI Tax Rate
For 2012, the maximum taxable earnings amount for Social Security (OASDI) taxes is $110,100. There is no limit on taxable earnings for Medicare's Hospital Insurance (HI) taxes. The Social Security tax rate for employees is 4.2 percent and is set to expire December 31,...
Minimum Wage Increase
Several state minimum wage rates expire on December 31, 2012. On January 1, 2013, some states will have an increased minimum wage rate. Review the state law summaries of the HR Support Center to stay updated with your state’s minimum wage.
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