GTM Business Blog

Employment Record Retention

Employment Record Retention

There is often confusion among employers concerning the legal requirements for record keeping and retention of employee files and other employment-related records. Not only are there federal record keeping requirements, but individual states also have requirements...

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Controlling Your Employee Turnover Costs

Controlling Your Employee Turnover Costs

Excessive or avoidable employee turnover results in a waste of time, resources, and added costs. While it can depend on the industry and business cycles, the impact is often especially hard on small businesses. Understanding what goes into the turnover costs and...

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Tax Changes for 2014

Tax Changes for 2014

There have been many tax changes for 2014. The following table provides some important federal tax information for 2014 (and 2013). Some of the dollar amounts change due to inflation. Other amounts are changing due to legislation. Please contact GTM with any questions...

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Federal Unemployment Tax (FUTA) Increase for 2013

Federal Unemployment Tax (FUTA) Increase for 2013

Employers in thirteen (13) states will pay increased Federal Unemployment Tax (FUTA) retroactively for 2013, to repay state unemployment insurance loans due to the Federal Government. When state unemployment funds are depleted, as occurred in many states in recent...

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2014 Health Care Reform Provisions

2014 Health Care Reform Provisions

It’s vital to stay abreast of changing labor laws that may affect your organization.  The beginning of the calendar year is a popular time for labor law changes that impact companies of all sizes.  The most rapidly changing area of federal labor law at this time...

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Oct 15th Still Tax Return Extension Deadline

Regardless of the federal government shutdown, the Internal Revenue Service is reminding taxpayers that the Oct. 15 deadline remains in effect for people who requested a six-month extension to file their tax return. The current lapse in federal appropriations does not...

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Understanding New Healthcare Responsibilities

Two federal government websites have been created to help business owners and individuals find answers to some of their questions. In an effort to "listen to the needs of the business community," the White House established a software wizard, which is part of its...

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