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How To Implement an Unlimited Paid Leave Policy
While unlimited paid time off (PTO) policies are a relatively recent invention, they have quickly caught on. By 2023, 8% of organizations offered unlimited PTO. Thanks to the tight labor market, that number is likely to keep growing. Unlimited PTO can boost your...
How To Implement an Unlimited Paid Leave Policy
While unlimited paid time off (PTO) policies are a relatively recent invention, they have quickly caught on. By 2023, 8% of organizations offered unlimited PTO. Thanks to the tight labor market, that number is likely to keep growing. Unlimited PTO can boost your...
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Unlimited PTO: The Positives and Negatives of Unlimited Paid Time Off
“If you're managing your time and saying to yourself, if I get X, Y, and Z projects done, I feel like I can take a week's vacation next month…. I think that empowers your employees.” In episode #119 of Mission to Grow, the Asure podcast that serves as small business...
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...
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...
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...
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...
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...
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,...
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,...
Middle Class Tax Relief and Job Creation Act of 2012
President Barack Obama signed the payroll tax cut extension into law on February 22, 2012. The “Middle Class Tax Relief and Job Creation Act of 2012,” extends the two percent payroll tax reduction until December 31, 2012 and guarantees up to 99 weeks of unemployment...
IRS Mileage Rate Expiration for 2012
The Internal Revenue Service (IRS) optional standard mileage rate of 55.5 cents/mile for business miles expires on December 31, 2012
HIPAA Privacy & Security Audit Program
The American Recovery and Reinvestment Act of 2009 (ARRA), in Section 13411 of the Health Information Technology for Economic and Clinical Health Act (HITECH), requires the U.S. Health and Human Services (HHS) to provide for periodic audits to ensure covered entities...
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...
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. ...
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...
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?...
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...
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...
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.
IRS Severance Pay Provisions in Employment Agreements
Many employment agreements provide severance pay upon a change in control or a termination without cause if the employee signs a release of claims. The Internal Revenue Service (IRS) has noted that these types of agreements may cause problems under Section 409A of the...
Bush Tax Cuts Expire
With the re-election of President Barack Obama, Congress will need to determine whether to extend the federal income tax cuts launched by former President George W. Bush, under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). The Bush Tax cuts...
Continue using Form I-9
Until further notice, employers should continue using the Form I-9 currently available in the HR Support Center (even though the OMB control number expiration date of August 31, 2012 has passed). The United States Citizenship and Immigration Services (USCIS) will...
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