The current labor shortage is proving to be one of the most severe and costly impacts of the pandemic. Economists have indicated that a labor shortage was inevitable due to the aging and retirement of the Baby Boomers, but the pandemic has accelerated it. As we navigate these unprecedented times, employers are looking for creative […]
The Georgia Department of Labor announced that effective March 16, 2020, all Georgia employers must file partial claims on behalf of their employees for any week during which an employee (full-time or part-time) works less than full-time due to a partial or total company shutdown caused by the COVID-19 public health emergency. According to the […]
It’s almost time for the annual open enrollment period, so it’s important to note that the IRS recently announced the affordability percentage for 2020 under the Affordable Care Act will decrease to 9.78 percent. This is a slight decrease from the 2019 threshold of 9.86 percent. Employers should make sure that your insurance broker is […]
For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees often grow so accustomed to having a 401(k) that they don’t pay much attention to it. It’s in your best interest as a business owner to buck this trend. Keeping your employees engaged with their […]
The federal government offers certain small business incentives for hiring at-risk employees in hopes of giving those workers a more solid footing in pursuing careers. One of those tax credits – the Work Opportunity Tax Credit – is aimed specifically at employees from the following targeted groups: Long-term family assistance recipients; Qualified recipient of Temporary […]
A popular incentive for business owners is to provide their employees health club or gym memberships. It is important to note, however, that employers who pay for a fitness program offsite for employees must include that cost as a fringe benefit in the employees’ compensation and report it on their W-2s. Once the membership fees […]
The Social Security Administration has announced that there will be no increase in monthly Social Security benefits in 2016. Additionally, the maximum amount of wages subject to Social Security taxes will remain unchanged at $118,500.