Mitigating Financial Risk: In an increasingly online—and thus instantaneous—world, businesses need to digitize processes as much as possible to keep up. Considering the critical importance of paying employees, perhaps no process is as ripe for digitization as payroll. Establishing electronic payment processing for your employees simplifies both your life and theirs, as it allows ...
The Challenge: Owning and operating a small business is incredibly rewarding, but it’s not without its challenges… Small business owners wear many different hats. Often, they play the lead role in many areas that larger companies have entire departments to manage. With so much individual responsibility, it’s easy to get lost in daily ...
AVOIDING THE BIG PHISH: Running a – tight ship – is difficult, but it can be rewarding when you’re able to steer your vessel in the right direction and get to your destination without any issues. But ask anyone who plays an important role in running an organization and ...
The workplace has changed immensely over the last few years. Not only has there been a change in how we work due to the COVID-19 pandemic, there – has also been a much greater focus on diversity and inclusion. Although there is still work to be done, many organizations are making strides in advocating for ...
2020 has been…a year. And while it’s certainly been a trying 12 months, there’s still reason to have a holiday party “2020 style.” COVID-19 has changed the way in which employers and employees interact, which means holiday parties may look a bit different this year. Employers in some states may be able to have in-person ...
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, ...
Hire Payroll Medics to Take Care of All Your Payroll Stress in 2020 As you look ahead to 2020, you’re likely thinking about ways to make your business run more efficiently. As business owners the goal is for us to work “on” our businesses as opposed to “in” our businesses. One way that you can ...
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 ...
Workers’ compensation insurance is a requirement for most business owners, but it’s something that often brings with it a large amount of stress. Sure, you want to protect your employees in the event of a workplace injury, but you also want to ensure that you’re not overpaying or underpaying for insurance, which could result in ...
