Don’t wait until it’s too late….. Earlier in the year, the U.S. Department of Labor announced an increase in the wage threshold amounts for determining whether an employee is exempt (salaried) or non-exempt (hourly, and thus eligible for overtime. Those new rules are set to take effect on December 1, 2016, and we expect that almost every business in Felt …
A Really Big Deal for Small Business
The Department of Labor (DOL) has been mulling over an increase in the wage threshold amounts for determining whether an employee is exempt (salaried) or non-exempt (hourly and overtime eligible). The conversation about changing the wage threshold has been going on quite a while, was subject to a comment period, and it seems that the final rules could be enacted …
Tax Season Small Business Update
“In this world nothing can be said to be certain, except death and taxes” – Benjamin Franklin How often have you seen this quote? It sure seems to be true. Tax season is now in full swing and whether you are a sole proprietor, partnership, corporation, or LLC, you are probably in the middle of the annual tax return preparation …
6 HR Activities To Consider In Preparation Of Year End
The Thanksgiving turkey was devoured and the holiday season is in full swing. That can only mean one thing for business owners. No, not shopping. No, not necessarily parties, unless they’re the ones you must attend with clients. The holiday season means YEAR END is coming soon – what is considered the most potentially non-wonderful and busy time of the …
When Does It Make Cent$ To Outsource HR?
For most small business owners there comes a time when you start spending more time on non-revenue generating activities than you care to admit. From payroll administration, human resource management, benefits and compensation to accounting and finance, these time consuming but necessary tasks don’t directly affect your customers or produce a dollar in sales. Choosing to outsource all or a …
Avoiding Payroll Pitfalls
Every business grapples with handling payroll, not just doing it, but also getting it right. One of the easiest ways to ensure disgruntled employees is paying them incorrectly or late. One of the best ways to get your business in hot water with state and federal agencies is incorrectly or paying taxes late. Your business payroll has to run like …