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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. Control or maintenance of employment records. As a good rule of thumb, you could be deemed an employer if you have: 1.

Legal 187
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What to think about with Start-Ups as an Office Manager

The Office Management Group

Ensure you check out your legal requirements and get these down. Insurance is key too, employee liability insurance, public liability insurance if members of the public come to your office/workplace and perhaps directors and officers, professional indemnity and contents insurance.

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3 ways outdated payroll processes hurt your business

Insperity

You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. It’s crucial to stay on top of what it takes to stay in compliance to reduce legal liability. Costs associated with inefficiency.

Payroll 182
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When should you hire an HR manager, if at all?

Insperity

Are you meeting all the regulations and requirements for documentation, insurance and more? Is your company meeting all the legal requirements as an employer? Cost could become an issue if too many different software services are used, which may have individual licensing, maintenance and other fees.

Payroll 171
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Should You Consider a Reverse Mortgage?

Success

However, Home Equity Conversion Mortgages (HECM) , a form of reverse mortgages insured by the U.S. These types of loans allow homeowners to draw upon home equity for repairs and maintenance and/or to cover or lower living expenses. The homeowner must also keep their homeowners insurance and property taxes current.

Banking 52
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Is Public Psychiatry Responding to the Mental Health Crisis or Just “Treating the Chart?”

Mad in America

It’s a piecemeal, parcelized collection of public institutions, non-profits, and private agencies, funded by an equally complicated system of public and private money managed by insurance companies. To look at the records it produces, you would believe the result was comprehensive, thorough treatment.

Insurance 118
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How to Choose an Employer-Sponsored Retirement Plan

Insperity

You will be relying heavily on your provider to file legal documents and administer funds. Setting up a retirement plan can also entail extensive administrative and legal tasks. Administration and maintenance of the retirement plan will vary by provider. Step 4: Evaluate the provider. Step 6: Figure out who’s in charge.

Planning 100