Effective December 1, 2016, federal overtime regulations will change and may affect how you are paying your employees. These overtime updates will affect 4.2 million workers across the country. The new rules will raise the salary overtime-eligibility threshold from $455/week to $913 ($47,476 per year). This new threshold will increase every three years. Salaried workers already entitled to overtime will get …
Business risks
Running a small business is often about taking and managing risks. Market risks are normal but business and tax risks are another thing altogether. Most business and tax-related risks can be managed as long you know about them. Here are seven small business risks you will want to make sure are covered. Best Choice of Entity Are you operating as …
Hiring Temporary Employees & Seasonal Staff
Hiring temporary and seasonal employees can have tremendous advantages for companies experiencing a higher than usual inflow of business and need the extra staff to help with additional demands. However, employers have many considerations before hiring short-term employees, including an understanding of proper procedures, legal concerns and knowing whether to outsource the hiring process. Employees may be categorized in the …