February 24, 2025
Have you decided to close your business? It’s time to voluntarily dissolve your business of operation. The process starts with you filing articles of dissolution, and at that point, you will have taken the initial step to legally end the existence of your LLC or corporation.
February 10, 2025
As reported in the National Law Review: "On December 3, 2024, a Texas-based federal court issued a sweeping order prohibiting the federal government from enforcing the Corporate Transparency Act (CTA) anywhere in the country."
Human Resources · February 03, 2025
Does your business have a formal, written social media policy? If the answer is no, it is time to create one. Nearly everyone uses at least one social media platform, and it is in every company's best interest to have guidelines that protect the company's brand reputation.
Payroll/Taxes · January 20, 2025
At the end of December, the IRS announced standard mileage rates for 2025. Below are the deductions, if you are using an automobile for approved purposes.
January 16, 2025
If you’re thinking about offering ESOPs to your employees, you might find them appealing because of the way they can help reward those employees who helped you build your business. After all, an ESOP is an aspect of an employee’s retirement plan, and like other tax-advantaged retirement accounts, your employees won’t owe taxes on any money in their ESOP account until money is withdrawn, making it an enticing benefit in the eyes of employees as well.
January 13, 2025
If your human resources department reviews hundreds of applications, facilitates employee orientation and attends job fairs, chances are that it is already using artificial intelligence in recruitment and selection. Companies have even set up chatbots on career portals to answer commonly asked candidate questions. This allows staff members to focus on interviews, background checks and preemployment assessments.
January 09, 2025
The first step to creating a compliant payroll process is easy: Apply for an employer identification number or federal employer identification number. There is no application fee and the form can be completed online. Without an EIN or FEIN, you cannot pay your people.
Payroll/Taxes · January 06, 2025
Hiring remote employees gives companies access to a larger pool of workers, but because each state has its own laws regarding workers' compensation, disability insurance and/or paid leave, as well as its own taxing authority, employers have to know and be prepared for the implications on state and federal income taxes when it comes to remote workers, Medicare withholding and unemployment insurance.
December 23, 2024
Many employees dash off emails with little attention paid to them. As a manager, you can help focus and train your team on some techniques for effective messaging.
Employee Benefits · December 16, 2024
A recent survey reported that 80% of respondents had at least some level of financial stress; 27% reported high or overwhelming stress. A second survey found that 72% of Americans live from paycheck to paycheck, which means they sometimes have difficulty paying their basic expenses. Surprisingly, a recent survey found that nearly half (49%) of baby boomers are among those living paycheck to paycheck. In other words, most people are anxious about their financial well-being.