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Business Payroll and HR Blog
Hiring Your Own Family to Work for You?
If you operate your business as a sole proprietorship, a single-member LLC (treated as a sole proprietorship for tax purposes), or a husband-wife partnership, here's a great family tax planning deal: Hire your under-age-18 children as legitimate employees of the...
Secure Tax Deposits for Payroll
Here are some of the ways that GTM reassures our clients that their tax deposits for payroll are secure. Management Controls: GTM is independently and routinely audited and as a result is SOC-1 compliant. GTM pays strict attention to Industry Best Practices....
New York City Paid Sick Leave
Beginning April 1st, 2014, certain employers in New York City must comply with a new law covering employees' right to use sick leave for care and treatment of themselves or a family member. Employers with five or more employees that work more than 80 hours in a...
Tax Benefits of Net Operating Losses
A net operating loss, or NOL, occurs when a business's operating expenses and other deductions for the year exceed its revenues. Although the name would seem to indicate that operating in a "loss" situation is negative, there may be tax benefits of net operating...
Top 5 Small Business HR Issues
Based on the feedback we hear from our small business clients on a daily basis, we have compiled a list of the top five small business HR issues that owners face.Below are a few tips of the trade to assist employers in these areas. Finding the Right People. Many...
Is Severance Pay Subject to Payroll Taxes?
On March 25, 2014, the U.S. Supreme Court ruled in favor of the IRS in a case against a now-defunct employer, Quality Stores. At issue was the question of whether severance pay for laid off workers was subject to Social Security and Medicare taxes under the Federal...
E-Verify Benefits: Avoid Identity Fraud
The internet-based system E-Verify benefits employers by accurately and quickly comparing the information that a newly hired employee provides on the I-9 Form, regarding his or her Employment Eligibility Verification. This information is compared against millions of...
8 Tips for Managing Unhappy Employees
A series of polls commissioned by CareerBuilder have found: The percentage of employees satisfied with their jobs dropped seven points this year, to 53 percent Principal reasons for dissatisfaction and a desire to change jobs include salary (66 percent) and not...
