Big Changes May Not Be A Big Holiday Gift
There’s an extra holiday that coincides this year with the otherwise festive holiday season. As 2012 ends, so does the tax holiday, and—what’s more—flexible spending limits go down. Happy New Year indeed. The Social Security program is currently funded by a 12.4% tax on wages up to $110,100. This number rises to $113,700 in 2013. .. read more
Another Year, New Regulations to Follow
Avoiding news of 2010’s health care reform would have been impossible, and keeping up with the many changes that it has brought can feel impossible, too. Along with the law came a slew of regulations, and employers bear the responsibility for responding to and complying with those regulations, which just keep coming. Here are the .. read more
5 Essentials to Procuring Employee Benefits in the 21st Century
It’s August already—and time to evaluate the end of year and what employee benefits will look like in 2013. Speculation about the effect of Health Care Reform’s mandates has insurers rating groups up. And soon business owners and HR managers will be immersed in the miserable process of weeding through the bad news of a .. read more
SUTA Dumping: You Could Pay the Price for Your PEO
How well do you know your PEO? It’s an important question for a lot of reasons, including SUTA dumping, a too-common form of tax fraud that can do a lot of damage to the companies using a PEO. The Indiana Department of Workforce Development is aggressively pursuing companies that have engaged in SUTA dumping. It .. read more
The Multiple Choice: Why MEPs Make Sense
Does it take a village to get a savings plan to employees? Nah, but it sure helps. A multiple employer plan (MEP) is a 401(k) option that enables companies that otherwise might not be able to manage their own plans to merge under one oversight umbrella. There’s one plan sponsor covering many unrelated employers, meaning .. read more
Conflict Will Come. Are You Ready?
Conflict can happen like a slow leak or an explosion. It never goes unnoticed, and it rarely fails to leave its mark on an organization. Still, conflict is practically a mark of success. It says that you’ve built a team of highly engaged, thoughtful, intelligent, and confident individuals. People who are invested in the company .. read more
Four Reasons to Outsource HR Work
Cash savings. What business owner wouldn’t want that? It’s a completely valid reason to outsource HR work and easily the number-one reason that most businesses do. But to think only about saving money is to sell short the greater value of contracting out human resource management services to outsourcing companies like Axiom Human Resource Solutions. .. read more
Human Resource Information Systems: It’s About Protecting Your Business
I have spent the past three weeks digging through mountains of paperwork in a client worksite, attempting to make sense of 17 years of clutter and rapid growth. This particular client now employs upwards of 100 individuals, and over the years has had several different managers in operations, accounting, and human resources. After nearly 50 .. read more
A More Profitable Perspective on Outsourcing
Do you hear it? Politicians and Americans are singing a familiar tune. It’s the one that calls for business owners to create jobs. That song sounds good and patriotic and positive, but I want to share a secret with all the singers: I have yet to meet a business owner who went into business to .. read more
Simple, Smart, and So Often Overlooked: I-9 Compliance
More than 2,300 companies underwent I-9 audits in 2011. That’s a huge number from a record-setting year, and 2012 will see even more I-9 audits. You can’t ensure you won’t end up in the audit group, but you can make sure you’re ready. I often find myself scratching my head about how businesses fail to .. read more
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