Tag Archives: Compliance

What’s the Story on DOL Posters for Remote Workers?

What’s the Story on DOL Posters for Remote Workers? In most offices, someone from HR hangs the relevant Labor Department posters in the company breakroom and that’s that. But in this new remote world, what are the requirements? Send the posters to each employee and tell them they have to hang them in their kitchens?Continue reading “What’s the Story on DOL Posters for Remote Workers?”

FLSA Mistakes To Avoid

FLSA Mistakes To Avoid Enacted in 1938, the Fair Labor Standards Act governs federal minimum wage, overtime, child labor and recordkeeping laws. Failure to follow these laws may come with a price. The U.S. Department of Labor, which oversees the FLSA, says that it recovered an average of $706,000 in back wages per day inContinue reading “FLSA Mistakes To Avoid”

Improve Your Payroll Audits With Automation

Improve Your Payroll Audits With Automation Payroll is a core feature of all businesses, and it is very important as it heavily impacts the morale of employees. After all, if employees aren’t paid appropriately for their work, you can expect them to leave.  Payroll also impacts a number of business processes, including human resources andContinue reading “Improve Your Payroll Audits With Automation”

7 Considerations When Preparing Your Payroll Budget

7 Considerations When Preparing Your Payroll Budget Most companies spend 20% to 30% of their annual revenue on payroll. The exact amount varies based on the employer’s size, industry, and staffing and operational needs. In some industries, such as service, it’s not uncommon for payroll to encompass up to 50% of revenue. For other industries,Continue reading “7 Considerations When Preparing Your Payroll Budget”

7 Key Aspects of Payroll Compliance

7 Key Aspects of Payroll Compliance 1. Federal wage and hour laws The Fair Labor Standards Act (FLSA) sets the federal wages and hour standards which are administered by the U.S. Department of Labor. These standards cover: Federal minimum wage. Overtime pay and exemptions. Work hours, including meals and rest breaks. Child labor, including permissibleContinue reading “7 Key Aspects of Payroll Compliance”

Home Office Deductions: A Refresher on the Rules

Home Office Deductions: A Refresher on the Rules The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain conditions are met. This deduction can be a particularly attractive tax planning tool for those who meetContinue reading “Home Office Deductions: A Refresher on the Rules”