Most professions have their unique terminology that professionals use when engaging in work processes.  For accounting and bookkeeping, terminology like debts and credits, T-accounts, accruals, amortization, depreciation, GAAP, GAAS, GASB  etc. can seem like a barrier to really understanding how to record and process certain transactions. This situation is not unusual.  Think about the medical […]

I discussed the complexities of compliance with wage and hour laws in a previous post.  Which apply…federal or state? What areas are covered? When these questions do arise, where do you find the answers? Can a payroll professional simply check the Fair Labor Standards Act (FLSA) to find the answer with a quick verification of any […]

I discussed the complexities of compliance with wage and hour laws in a previous post.  Which apply…federal or state? What areas are covered? When these questions do arise, where do you find the answers? Can a payroll professional simply check the Fair Labor Standards Act (FLSA) to find the answer with a quick verification of any […]

Are you aware that the laws regarding training to prevent sexual harassment, discrimination, bullying and abuse have changed radically – especially in California? Do you know that you might have to train your staff – even though you only have a few employees and some part-timers? As of January of this year (2020) you must […]

The federal and state governments are focusing on providing either tax relief, lost wages relief or updates when employers are affected by the Corona Virus. This may include delaying reporting or allowing for penalty relief. It may also include mandatory sick pay, clarification on current sick pay mandates or changes to unemployment insurance qualifications. The […]

This is a difficult time for some – and merely a different time for others.  What makes the difference?  Mostly attitude.  You can decide to be uncomfortable or you can use this as an opportunity to catch up on things you don’t ordinarily find time to do. Of course, It is so much easier for […]

The Wall Street Journal reported that CFOs of public companies are retiring at the fastest pace in over a decade. Exit rates of nearly 18% annually are now thought to be higher than for CEOs, a historically high turnover job. The trend, captured by a survey commissioned by the Journal, is said to be the result of […]

Does it feel like a loss of control?   A loss of knowing whether your staff is working or goofing off?  Ask yourself:  Does it matter what time the work gets done, or that it gets done well? Ask yourself:  How can I assign work that makes both me – and my staff comfortable that we […]

In their latest issue, IR-2020-89, the Internal Revenue Service is reminding businesses of the three new credits that are available to many businesses hit by COVID-19. To recap, these are: Employee Retention Credit: The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of […]

As questions pour into the Department of Labor and the Internal Revenue Service from employers on the Families First Act and the CARES Act, both agencies are updating their respective FAQs.  Here are the latest updates: Department of Labor:  DOL has added four FAQs, #90-#93, concerning paid family leave or paid leave. These are: Internal Revenue […]