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HR technology trends for 2017: Curing government compliance concerns

Insperity

Finally, integrated HR software should also help you gather the data you need to file government paperwork at the end of the year. This trend still holds since many smaller companies have yet to adopt HR software that allows employees to electronically enroll, make changes to their benefits or find out how much time off they have banked.

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How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Also, there are some states and local governments that require separate ID numbers in order to process taxes. Independent contractor. Not all taxes are created equal.

Payroll 260
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What are fringe benefits? What employers need to know

Insperity

Though you don’t withhold taxes for these parties, you may need to report the benefit to the government using one of the following forms: IRS Form 1099-NEC for independent contractors IRS Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. Independent contractors you hire for a specific job can be recipients.

Banking 246
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Comp time vs. overtime – What you need to know

Insperity

The Fair Labor Standards Act (FLSA) governs what employers must do under federal law. Though often popular with employees, there are potential shortcomings for the government agencies able to offer comp time. If an employee has saved up a lot of comp time and then leaves the company, do you need to pay for those banked hours?

Legal 193
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Corporate philanthropy: How to start an employee matching gift program

Insperity

They could put your business at risk if they don’t follow certain government guidelines. Monitoring these items over time will help give you a holistic look at the cost of the program and make sure it’s making an impact without breaking the bank. Ongoing vendor costs.

Supplies 206
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Mental health at work: The laws and best practices

Insperity

While the topic is a complicated one that may require the advice of a legal or HR consultant, here are the quick facts: One or two days away, from time to time, and requested in advance, may be a good use for unused flex time, sick leave or even banked vacations days (and handled in the same manner as common illnesses or injury).

Legal 229
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Summertime tax scams are going strong

BMT Office Administration

Economic impact payments Remember the three checks everyone got from the government during the teeth of the pandemic? They’ve spread to the internet, social media, unsolicited phone calls and even mailings that resemble official government letters but have fake agency names and usually urge immediate action.

Mailing 130