Payroll Services LLC, ranks on the 2022 Inc. 5000
Payroll Services LLC, ranks on the 2022 Inc. 5000
Attention businesses, we’ve got some crucial updates regarding the Fair Labor Standards Act (FLSA) that you should know about. Significant changes are coming on January 1, 2025, and if your businesses is impacted, action is required to stay compliant. Content What’s changing in 2025 What This Change Does Not Mean The New Salary Threshold Overtime... View Article
In March of 2024, the United States Department of Labor (DOL) finalized their rule on the guidance used for Independent Contractor (IC) classification. The rule effectively reinstates the longstanding version of the “economic reality” test the DOL used prior to the 2021 IC Rule, striving to provide more consistency with the Fair Labor Standards Act... View Article
Do you think the way HR worked a decade before is the same as now? Like every industry, the HR industry has evolved too – thanks to labor regulations and technology advancements. However, this does not mean that the HR industry is challenge-free. The HR industry is also constantly changing and facing challenges year after... View Article
Are you a small business trying to figure out HR functions independently? Do you know that HR policies are one of those areas often overlooked in small businesses? In fact, having the right HR policies can make your life a whole lot easier and your business a much better place to work. This article discusses... View Article
As businesses scale, the simplest concept rears its head in all businesses: Accountability. If you aren’t struggling with it in your organization, I would say you are either too harsh on your current team or you might not be completely honest with yourself. In small teams, accountability is simple. Everyone is right there. You may have only a... View Article
Gone are the days when a job was just a means to make money. Nowadays, emphasis is placed more on job satisfaction, work-life balance, work & personal growth than just a big paycheck. A company’s work culture can truly shape your professional life. During interviews, chatting about company work culture has become normal to attract... View Article
If you are starting a new venture or are a small business owner, the struggle to allocate a budget for an HR department is real. But does a small business need an HR department? When is the right time to establish one? Is there any other option that would work for a small business? We... View Article
Every business in Maryland should know about the State and Federal payroll tax regulations to stay compliant and avoid legal issues. Failure to file returns or remit amounts collected as required results in a penalty of 25% of the unpaid tax.
New rules affecting business operations will emerge in 2024, reshaping the business landscape. These adjustments aim to instill fairness and transparency in the market. Adjusting to these new regulations is essential for enterprises to keep their competitiveness. Regulations can prove beneficial and problematic equally. They are designed to enhance business transactions, prevent illegitimate and unjust... View Article
In this article, let’s dive deeper to learn more about MD Saves and to get enrolled in the program. If you do not know what Maryland Saves is, read the article here. Why did the state start the MD Saves program? About 50% of Americans over 50 have no retirement savings. Their average savings is around... View Article
The state of Maryland launched Maryland Saves in 2016 to mandate every private-sector employer offer a retirement plan. The law required every w2 employee to be automatically enrolled and levied fines for non-compliance. Learn more about the Maryland Saves program here. Most companies took advantage of this law and enrolled in the Maryland Saves program.... View Article
The Fast and the Furious? Not all burnouts are in the movies! If you haven’t seen at least one of the F&F franchise of movies, here’s a spoiler alert. They drive cars, all kinds of cars, fast and furiously. I wonder how much of the $250 million budget for Fate of the Furious was spent... View Article
With the ever-changing workforce, it is extremely common for Employers to have employees in multiple states. This is becoming so common, and so are the headaches it is creating for Employers to deal with. Pre-Covid, most Employers had 2-3 States to deal with. Now with remote work, our average Employer has 5-6 States. The biggest... View Article
There are countless articles out on the interwebz declaring that remote work is dead. Is it? The real question to ask is why is remote work such a thing, who used it in the past and why are there a ton of topics saying remote work is dead. Remote work has always been a “thing”,... View Article
Ignorance is no excuse! Why even small employers need to know the rules. Small employers sometimes think that “the rules” don’t apply to them because of their size. While that may be true of some employment laws, it’s easy to get on the wrong side of the rules that do. John has a CPA firm... View Article