For small businesses, managing operational costs is crucial to ensuring sustainability and profitability. One major expense that impacts many small businesses is workers’ compensation premiums. Workers’ compensation insurance is required in New York State...
Human resources (HR) departments are a crucial part of any organization. They are responsible for managing the company’s most valuable asset – its employees. In recent years, technology has revolutionized the HR industry, and new terms such as HCM, HRIS,...
What Employers Should Know About Earned Wage Access The traditional weekly or biweekly concept of “payday” is engrained in many workplaces. However, some employers are exploring ways to pay their workers faster, especially those in industries that provide hourly wages...
What is the Prevailing Wage Law in New York? Prevailing wage is the pay rate set by law for work on public work projects. Under New York State Labor Law, prevailing wage compliance occurs when all workers under a public work contract are paid the prevailing rate of...
Last August, the U.S. Department of Treasury was ordered to defer collecting certain payroll taxes from wages earned between Sept. 1 and Dec. 31, 2020. The Internal Revenue Service (IRS) issued Notice 2020-65 to provide employee payroll tax deferral guidance for...