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Business owner beware: FLSA compliance and personal liability

Insperity

The nuances between what legally constitutes a person and an employer aren’t always clear-cut when it comes to FLSA compliance. And if you think insurance can shield you from such expenses, think again. Generally, offering comp (compensatory) time in lieu of paying overtime is not legal for private employers.

Legal 187
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Tracking employee health metrics: Great idea or big mistake?

Insperity

Some experts contend this data may boost a company’s bottom line , and many insurance providers are promising lower health care premiums in exchange for it. If not designed correctly, these wellness programs can violate federal laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Affordable Care Act (ACA).

Insurance 131
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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

Additionally, self-employed individuals can leverage deductions for home office expenditures and health insurance premiums. Even though medical marijuana is legal in many states, you can’t deduct it as a medical expense or pay for it with your HSA. If you win money playing fantasy sports, that’s taxable income.

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7 Easy Steps To Build a New Employee Onboarding Process

Vantage Circle

Set an appointment before joining and getting done with all the essential office legal work and creating office credentials and IDs. One-on-one meeting with the HR to help elaborate the code of conduct, leave policies, insurance, rewards and recognition program , diversity and inclusion policy, and other employee benefits.

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Unlock the Best 15 Employee Perks in the US Companies

Vantage Circle

Companies are bound by legal obligations to offer benefits. They include health insurance, paid time off, retirement plans, etc. On the other hand, perks are free from any legal obligation. However, differences do exist between the two. Benefits mainly cover the basics of a standard employee package.

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it’s your Friday good news

Ask a Manager

Fortunately just under a year ago they offered me a compromise agreement (I’m in England) which I accepted after seeking legal advice. I did receive generous severance and continued medical coverage for a number of months, and after that, my spouse was able to add me to his insurance while I continued to look.

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Does your business need an answering service?

Ruby

These companies include law firms, healthcare providers, marketing agencies, real estate firms, construction companies, manufacturers, home services providers, and many more. Broken furnaces and legal issues don’t stick to the 9–5 either. I’ll let you in on a little secret: not every business answers its own phone.