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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Read more about the article What Happens If You Don’t Have Workers’ Compensation Insurance?
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What Happens If You Don’t Have Workers’ Compensation Insurance?

As a business owner, there are plenty of questions that keep you up at night. How can you get more customers? Are you going to be able to complete that order in time? Do I need a payroll processing company? How do payroll deductions work? What happens if you don’t have workers’ compensation insurance? ‍Worrying about these things (and more) is the name of the game when you own a business. But, let’s look at that last question in particular. What can you…

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HR Audits

HR audits are an objective, systematic review of a company’s HR policies, procedures, strategic direction, structure, resources, and ultimately, its contribution to the organization. Moreover, audits offers the opportunity to protect the company, establish best practices and identify areas for improvement, and can help evaluate whether specific practice areas are adequate, legal and/or effective. HR audits are essential for companies to ensure that they are avoiding any legal or regulatory liability associated with their HR policies and practices. Audits also provide the…

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Read more about the article The Biden Administration and Health Care
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The Biden Administration and Health Care

Between the COVID-19 pandemic and an ongoing political debate over the Affordable Care Act (ACA), health care was a core element of Joe Biden’s campaign for the U.S. presidency. It remains to be seen exactly how President-elect Joe Biden and Vice President-elect Kamala Harris will impact the health care industry. However, employers should begin to consider how this administration’s platform might affect health care and employee benefits. This article explores the Biden administration's proposed COVID-19 response, general health care platform, and top…

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Read more about the article Costly Mistakes: Failing to Remit Payroll Taxes on Time
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Costly Mistakes: Failing to Remit Payroll Taxes on Time

Like many businesses, you may be feeling the financial crunch and are tempted to use money you deduct for payroll taxes from employee wages. Failing to remit payroll taxes and retirement plan contributions in a timely manner is not only a violation of certain payroll tax laws, it can also subject your company to heavy penalties. When employers deduct income and Social Security taxes from employees’ wages, the money is not theirs to use. You must remit the deducted amounts, along with…

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