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Minimum Wage and Texas Employment Laws

Federal minimum wage law is governed by the Fair Labor Standards Act (FLSA). The current federal minimum wage rate is $7.25 per hour for nonexempt employees. The Texas Minimum Wage Act (TMWA) complements federal law and, in some cases, prescribes more stringent or additional requirements for employers. Whenever employers are subject to both state and federal laws, the law that provides the greater protection for the employee applies. The Labor Law Section of the Texas Workforce Commission (TWC) enforces and investigates minimum…

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Outsourcing COBRA Administration

The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that provides for the temporary extension of employer-sponsored group health coverage for employees and their family members (qualified beneficiaries) in certain situations. COBRA coverage is available when qualifying events occur, such as termination of employment or divorce. Due to the complexities of the law and potentially serious consequences for mistakes or violations, many employers outsource COBRA administration to a third-party administrator (TPA). Reasons to Outsource COBRA Administration COBRA’s complex rules and…

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How Long Do You Have To Keep Payroll Records?

Payroll records help you stay organized, but how long do you have to keep them for? While there are a few payroll records you can offload at the two-year mark—including records that pertain to pay grade increases, timecards, schedules and wage rate tables—you will need to keep the majority of your payroll records on hand for at least three years. As the years pass and you hire more hourly employees, those payroll records can quickly become a lot to keep track of.…

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Common Employee Classification Mistakes That Can Cause Tax Penalties

Sometimes, employee classification isn't as easy as it sounds. You may wonder whether to classify a worker as an independent contractor or an employee, because their role seems to be a mixture. Misclassifying employees can seem like an honest enough mistake, but it can result in tax penalties that will harm your firm. These are a few common employee classification mistakes that you can avoid. Classifying as Employee or Independent Contractor The biggest question when it comes to classification is whether a worker…

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What Are the Benefits of Having a PEO? 6 Advantages for Both You and Your Employees

As a business owner, you probably have too much on your plate, from crunching the numbers, being the face of the company to managing your employees. Even small business owners can find the whole business-running affair a tad overwhelming. However, PEOs would gladly take a huge load off your back, and here’s how they do it. If you’ve never heard of PEO, then maybe you’re not cut for business- no, we’re kidding. If you’ve never heard of PEO and the benefits of…

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