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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. Executive, administrative and professional exemption.

Payroll 264
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What is a PEO?

Insperity

This allows the PEO to handle functions such as payroll, benefits, tax remittance and related government filings. Joining a PEO provides you with workers’ compensation insurance coverage. Management of certain employee-related claims and provision of Employee Practice Liability Insurance (EPLI). One-stop shop.

Payroll 277
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Everything You Need to Know When an Employee Takes a Leave of Absence

Insperity

Federal and/or state laws govern a mandatory leave of absence. These leaves include medical absences governed by the Family and Medical Leave Act ( FMLA ) and Americans with Disabilities Act ( ADA ), military leave, jury duty and other state-mandated leaves. Am I required to continue paying salary when employees are on FMLA leave?

Insurance 262
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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 290
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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

government passed a significant piece of legislation: the SECURE 2.0 government is paying employers to set up retirement plans and contribute to them. This means that businesses aim to compensate employees beyond mere salary to protect and enhance their physical, emotional, social, professional and financial health.

Security 312
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Business owner beware: FLSA compliance and personal liability

Insperity

In fact, when considering lawsuits about back wages, the federal government has the authority to deem a business owner an “employer” if certain criteria are present under the Fair Labor Standards Act (FLSA). And if you think insurance can shield you from such expenses, think again. It’s too costly to pay overtime.

Legal 203
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Sponsoring a foreign national: Everything you need to know

Insperity

You must satisfy a number of government requirements before sponsoring a foreign national to be employed in the United States. Comply with insurance requirements. Insurance obligations are the responsibility of the employee, but companies may assist in the process or offer company insurance. The process for a U.S.

Insurance 226