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Federal Payroll Laws for Nonprofit Organizations

November 2nd, 2018 10:45 am

Payroll laws for nonprofit organizations can be challenging, as they require dealing with special provisions of the Fair Labor Standards Act (FLSA), which is administered by the DOL, and the federal tax code, which is governed by the IRS. FLSA Coverage for Nonprofits The FLSA’s minimum wage, overtime, record-keeping and child labor laws cover employees […]

6 Strategies to Reduce Workers’ Compensation Claims

October 20th, 2018 10:38 am

In 2016, the National Federation of Independent Business ranked workers’ compensation as one of the most critical problems facing small businesses. Additionally, the National Academy of Social Insurance reported that employers spent a combined total of $94.8 billion in 2015 on workers’ compensation, an increase of 20.1 percent since 2011. Every state, except Texas, requires […]

Pretax and After-Tax – Learn the Differences

September 5th, 2018 9:26 am

Deductions Taken Before Taxes Pretax and after-tax deductions – what’s the difference? When can you use each? Pretax deductions are subtracted from employees’ wages before taxes are taken out, thereby lowering their taxable wages and increasing their take-home pay. For a deduction to be eligible for pretax status, the employer must have an Internal Revenue Service-compliant plan […]

Is This Your Situation? Avoiding Common HR Mistakes

August 20th, 2018 9:11 am

Human resources may sound and look like a straightforward topic, but it’s not one that should be taken lightly. HR mistakes can cost you time and money, and your reputation. Here are four common mistakes to be aware of. Companies of all sizes, from global corporations to mom-and-pop shops, are all prone to these potentially […]

How to Manage a Cafeteria Plan

July 4th, 2018 12:51 pm

A cafeteria plan is a written employee benefits plan that meets the requirements of Section 125 of the Internal Revenue Code. Most commonly, cafeteria plans come in the form of premium-only plans and flexible spending arrangements. Cafeteria Plan Provisions With a premium-only plan, employees pay their premiums—such as for health, life, and disability insurance—with pretax dollars […]