Jul 16, 2018 | Industry News, Regulatory Updates
The Internal Revenue Service (IRS) released a one-page “Paycheck Checkup” flyer earlier this month. Its purpose is to encourage employers to remind employees that they should review their federal income tax withholding allowances. Doing so may help prevent a...
New Minimum Wage Rates Effective July 1, 2018
Jun 26, 2018 | Regulatory Updates
Several states and localities, including those in Illinois, Maryland, Washington, DC, California, Maine, Minnesota and Oregon will raise the minimum wage effective Sunday, July 1, 2018. The updated hourly rates include: Chicago, IL: $12.00 Cook County, IL: $11.00...
Here are the Penalties for Misclassifying Workers as Contractors
Jun 15, 2018 | Industry News, Regulatory Updates
Let’s face it. A number of employers intentionally misclassify workers as independent contractors rather than employees. It is estimated that 10 to 20 percent of employers misclassify at least one worker. Both old- and new-economy sector workers are impacted, in...
What Employers Should Know About Unemployment Insurance
Jun 1, 2018 | Human Resources, Regulatory Updates, Small Business Resources
Employers who do not pay attention to their state unemployment insurance (SUI) rates may take an unnecessary financial hit. Since it is one of the few tax rates over which employers can have some influence, an understanding of how it works can help you act to...
How to Track Time Taken under Family Medical Leave
May 31, 2018 | Benefits, Human Resources, Industry News, Regulatory Updates
One of your employees, Sydney, is having a baby and plans to take medical leave to recover and bond with her newborn under the Family Medical Leave Act (FMLA). You’ve determined that she qualifies for protected FMLA. It will be considered continuous leave, as she...
Do Your Own Contractor Classification Audit Before the IRS Does it For You
May 25, 2018 | Industry News, Regulatory Updates
Businesses that erroneously (and sometimes intentionally) classify workers as independent contractors run the risk of incurring significant penalties if they are audited or reported by disgruntled “contractor-would-be-employees.” In addition to underpaying their...