by localeconomy | Oct 22, 2017 | Uncategorized
Completing Form I-9 is a requirement of all new employees. In July 2017 the form was revised and employers are required to start using the new version of the form. Below are some topics that can help you understand the importance of the form and what to do...
by localeconomy | Oct 22, 2017 | Uncategorized
Employers must exert a certain amount of time and resources to properly retaining their income tax records. But these aren’t the only documents you need to maintain. Retention of your organization’s payroll records is also important. Rule of thumb Most employers must...
by localeconomy | Oct 4, 2017 | Uncategorized
Employers tend to feel like they have to offer a 401(k) retirement plan. But many organizations, particularly smaller ones, run into trouble with complex rules for discrimination testing. If all of this sounds familiar, you might consider adding a safe harbor feature...
by localeconomy | Sep 27, 2017 | Uncategorized
If you run a small business as a sole proprietor or partnership, you might be considering electing to be taxed as an S Corporation. The major benefit to S Corp status can sometimes be a reduction in the self-employment tax you’re required to pay on your net...
by localeconomy | Sep 17, 2017 | Uncategorized
The Affordable Care Act allows small employers to make health coverage available to their employees through the Small Business Health Options Program (SHOP). Many of these organizations may wonder whether there are limits on when they can sign up for this coverage....
by localeconomy | Sep 10, 2017 | Uncategorized
Many employers find it easy to bring on new talent and classify them as independent contractors. The ease of processing payment to independent contractor is so tempting that it’s hard to pass by. No federal or state taxes to withhold, no payroll...