The U.S. Department of Labor (DOL) has created an online tool to help workers determine whether they qualify for paid leave under the Families First Coronavirus Response Act (FFCRA). The tool poses questions to help employees assess whether their employers are subject to the paid leave provisions of the FFCRA. Then, for employees whose employers ...
For many employers, workers’ compensation insurance is all about one number—the premium quoted. Understandably, employers want to pay the lowest amount possible on this mandatory coverage. While some brokers try to compete on a low bid, those who do miss the chance to educate employers on how their mod affects their premium, and how lowering ...
A key to understanding your workers’ compensation premium is the experience modification factor, also known as your mod. Understanding your company’s mod and the data used to obtain it helps you identify ways to minimize your workers’ compensation premium. Who calculates the mod factor? Most states use the National Council on Compensation Insurance (NCCI) to ...
Having a sound safety program designed to continuously improve can yield significant savings by reducing injuries and illnesses over the long run–saving workers’ compensation dollars and protecting your bottom line. The Five Steps You can control workers’ compensation costs with five steps designed to create a well-rounded safety program that produces a safer job site, ...
It’s common for business leaders to find themselves in unfamiliar territory when it comes to their company’s taxes, and tax credits specifically. The Work Opportunity Tax Credit (WOTC) is one tax credit that many are underutilizing, meaning they are leaving money on the table when it comes time to do their taxes. WOTC helps transform ...
As cities, states and the federal government take increasingly aggressive moves to stop the spread of the novel coronavirus, a shelter-in-place order and its many exceptions for “essential” activities are becoming familiar to millions of Americans across the country. Payroll Medics is supporting our clients offering a “COVID-19 Essential Employee Authorization” template. This is for employers ...
On March 18th, 2020 The Senate passed the Families First Coronavirus Response Act today, an economic stimulus plan aimed at addressing the impact of the COVID-19 outbreak on Americans and introducing paid sick leave and an expanded family and medical leave act to the nation’s employers. The leave provisions will go into effect on April ...
The IRS has released the long-awaited final version of the 2020 Form W-4, Employee’s Withholding Certificate, with major revisions designed to make accurate income-tax withholding easier for employees starting next year. In August, the IRS posted FAQs about the changes incorporated in the revised form. These are the key points employers should note, the IRS said ...
Here at Payroll Medics, our trusted advisors are often asked tough HR questions and we wanted to share a recent HR Q&A with you. In general, yes, employers may require the use of vacation/paid time off (PTO) and restrict its use. We always recommend you check for state and local paid sick leave laws, restrictions ...
The Work Opportunity Tax Credit (WOTC) can help employers close the skills gap by encouraging them to hire applicants who often are overlooked, such as people with criminal histories, military veterans and the long-term unemployed. Here’s what employers should know about participating in the program. Target Groups The program was designed to encourage employers to hire workers ...
