As we once again approach election time, we wanted to remind everyone of what you (as an employer) can and can't do as it relates to time off for voting. Each state varies in the time off permitted for voting, be sure to check your local state laws. In Wisconsin, employees are entitled to be absent from work while the polls are open for a period not to exceed 3 hours. Employees must notify the employer prior to election day and employers do have the ability to designate the time of day for the absence. Details can be found HERE.
Top Features To Look For In Your Human Resources Outsourcing Firm It's no secret that, of all your many corporate operations, your human resources department is one of the most vital to ensuring the overall success of your company. Your HR department helps take care of your most valuable assets: your employees. Having an informed, efficient HR team in place can help ensure your team feels valued and is poised to be as productive as possible. As such, many firms are turning to human resources outsourcing options. Human Resources Outsourcing: A Popular Trend For Businesses Of Every Size Due to its critical importance, many business owners have opted for human resources outsourcing to ma
The Federal Unemployment Tax Act (FUTA) tax rate is normally 0.6% of wages paid up to a limit of $7,000 per employee, or $42 per worker per year. FUTA tax is payable in January of the following calendar year with Internal Revenue Service (IRS) Form 940. However, due to a special "Benefit Cost Ratio" or BCR add-on tax employers in affected states and the U.S. Virgin Islands may pay an increased FUTA tax rate in January 2015. As a review of FUTA taxes, for-profit employers pay federal and state unemployment insurance tax based on taxable wages paid to employees. The FUTA tax rate is normally 6.0%, but typically includes a credit of 5.4% for payment of state unemployment taxes. This makes the
Why Teaming With 401K Management Companies Makes Perfect Business Sense At The Payroll Company, we know firsthand that, for many business owners, establishing and maintaining a 401(k) plan for employees can prove a daunting task. With so many rules and regulations, creating a plan that works for your team, yet still adheres to all mandates, can feel overwhelming. That's where The Payroll Company can help. As one of the area's leading 401(k) management companies, we can help entrepreneurs with businesses of every size and scope create, implement, and maintain a plan that suits their specific needs. The Payroll Company: How We Outperform Other 401(k) Management Companies At The Payroll Company