Understanding the Section 125 Plan
Understanding the Section 125 Plan: A Comprehensive Guide for Employers and Employees In today's competitive job market, offering comprehensive employee benefits is a key strategy for attracting and retaining top talent. A Section 125 plan, also known as a Cafeteria Plan, can be an essential part of that strategy, providing both [...]
Year-End Verification: Ensuring Compliance
Year-End Employee Verification: Compliance and Consequences As we approach the end of the year, businesses everywhere are preparing for year-end payroll processing, tax filings, and the various administrative tasks that come with closing out the calendar year. Among these critical tasks, one of the most often overlooked—yet equally important—is the process of [...]
Employment Termination
Terminating an Employee When terminating an employee, it is essential for an employer to follow proper procedures to ensure compliance with legal requirements, mitigate potential risks, and handle the situation professionally and ethically. Here are key considerations employers should keep in mind when terminating an employee: Legal Compliance At-Will Employment: In most [...]
Employee Tax Withholdings
Understanding Employee Withholdings: A Comprehensive Guide to Federal, State, and FICA Deductions In the intricate world of payroll management, one of the most critical tasks is ensuring accurate employee withholdings. For employers, this means staying abreast of various federal and state requirements, as well as understanding how FICA (Federal Insurance Contributions Act) [...]
Payroll Preparation for Second Half
Latter Half of the Year: Preparations As we move through the latter half of the year, payroll professionals face a unique set of challenges and opportunities. August is an ideal time to address critical aspects of payroll management to ensure smooth operations as the year-end approaches. In this blog, we'll delve into [...]
Navigating Summer Employment
Navigating Summer Employment: Payroll Tips for Seasonal Hires As summer rolls around, many businesses ramp up their operations by hiring seasonal employees. Whether it's for tourism, agriculture, or events, managing payroll for these temporary workers requires careful planning and adherence to specific legal and procedural guidelines. In this guide, we'll explore [...]