Effective business owners strive for engaged and happy employees who will be more productive. However, in their attempt to cater to an employee who seems to need an exception (i.e., modified pay structure or PTO policy, cash loan, etc.), we’ve observed our clients painting themselves into a compliance corner that is oftentimes difficult, and potentially expensive, to navigate. However, before de…
It’s that time of year again. The holidays are here and that also means gifts, family time, and of course, office holiday parties. Regardless if you’re a rookie or veteran, going to a holiday party leaves a lot of room for error, especially when alcohol, your colleagues and superiors are involved.
New overtime rules affecting millions of American workers are slated to take effect later this year.
As a business owner, you may hire both W-2 employees and 1099 independent contractors. If you are like many owners, you don’t always know how to classify workers- and this can lead to compliance issues. Classifying workers appropriately is critical because employees and contractors differ greatly in terms of taxes paid, withholding requirements, workers compensation, benefits, payroll tax filings, and more.
