Read more about the article Everything You Need To Know About The Federal Family and Medical Leave Act (FMLA)
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Everything You Need To Know About The Federal Family and Medical Leave Act (FMLA)

   PROVISION REQUIREMENTS Covered Employers Employers subject to the FMLA include: ·        Private-sector employers with 50 or more employees in at least 20 weeks of the current or preceding year; ·        Public agencies, including state, local and federal employers; and ·        Local education agencies, including elementary and secondary schools (public and private). Eligible Employees To be eligible for FMLA leave, an employee must: ·        Have worked for the covered employer for at least 12 months (which need not be consecutive); ·        Have…

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DOL Issues Final Rule on FLSA Independent Contractor Classification

---   On Jan. 6, 2021, the U.S. Department of Labor (DOL) issued a final rule that clarifies how to determine whether a worker is an employee who is protected under the Fair Labor Standards Act (FLSA) or an independent contractor who is exempt from it. The final rule becomes effective on March 8, 2021. “Economic Reality” Test Reaffirmed The final rule reaffirms an existing test under which an employer must consider whether, as a matter of economic reality, a particular worker…

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Level Funding Insurance Options

If you desire the freedom of a self-funded insurance plan but need a little more certainty for your budgeting concerns, level funding might be an option for you. What is level funding? Level funding is an option that can accompany a self-funded plan, aiding employers in their health coverage budgeting efforts. With level funding, employers pay a set amount each month to a carrier.   This amount typically includes the cost of administrative and other fees and the maximum amount of expected claims…

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Your Business Payroll Guide to Employee Tax Classification

Are you a small business owner concerned about improperly classifying your employees? You don't want to risk an audit, you need to be sure to get the right tax classification for everyone working for you.  Don't worry if you don't know anything about payroll taxes or what your tax liability may be, we've got you covered. Keep reading to learn all about what you're responsible for and how to know the right classification for each person working for you.  The Right Tax…

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Read more about the article Paycheck Protection Loans Are Back!
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Paycheck Protection Loans Are Back!

  The U.S. Department of Treasury and the U.S. Small Business Administration (SBA) have announced that beginning Monday, Jan. 11, applications will be accepted for the second round of loans in the SBA’s Payment Protection Program (PPP). This second round includes $284 billion in funding that was allocated for the PPP in the stimulus bill passed on Dec. 27, 2020. This round of funding will run through March 31, 2021. The second round of PPP loans provides eligibility to new borrowers and…

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