New Year, New Changes: 2024 As we step into the new year, 2024 brings an abundant amount of changes to payroll regulations and policies that employers need to be well-versed in. From minimum wage adjustments to changes in contribution limits for retirement plans, we aim to provide a comprehensive overview of these [...]

Mastering Year-End Payroll Processing: A Comprehensive Guide for Businesses   As December rolls around, businesses enter the crucial phase of year-end payroll processing. This period demands meticulous attention to detail, adherence to compliance regulations, and strategic planning to ensure a seamless transition into the new year. In this comprehensive guide, we will [...]

As the calendar year winds down, businesses face the crucial task of year-end payroll processing. Navigating year-end payroll compliance and avoiding common mistakes is pivotal to maintaining accuracy, adhering to regulations, and ensuring a seamless transition into the new year. The following scripture is intended to serve as a guide that delves [...]

A tax credit that may not often come to mind for employers is the Work Opportunity Tax Credit (WOTC). This federal tax credit generally allows an employer to claim 40% of an employee’s wages (up to $6,000 of wages) as a credit upon hiring an employee who is part of one of [...]

In 2020, Colorado passed the Colorado Secure Savings Program which mandates small business owners to enroll into a state-operated retirement savings plan if they do not offer their own qualifying plan. The initial pilot program will launch in October of 2022; the Colorado Secure Savings Board is set to work with an [...]

The Public Health Emergency (PHE) that was instated due to COVID is still in effect and will remain in effect at least until January 11, 2023, when it is evaluated once more. Most recently, the PHE evaluation date was set for November 10, 2022, but was extended on October 13, 2022—this COVID-related [...]