Mass-Transit Subsidy To Retroactively Rise

December 22, 2014 | Mitch Geiger | 0 Comments

On December 16th Congress passed the Tax Increase Prevention Act of 2014, a broad $41.6 billion program of tax breaks that will, among many other things, retroactively raise the monthly mass-transit subsidy to $250 per month for 2014. 

This will restore it to the level of the unaffected monthly parking subsidy. The mass-transit tax break had fallen to $130 per month on January 1, 2014.

The mass transit subsidy will lapse back to $130 per month starting January 1, 2015 and Congress will need to re-evaluate the transit parity for the 2015 tax year.

Tags: payroll tax filing, IRS tax tips & announcements, tax credit

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Payroll Taxes: What to Expect in 2015

December 22, 2014 | Rachel Bailey | 0 Comments

The end of the year is typically the busiest for business owners and managers trying to finalize budgets, reflect on the previous months and prepare for what’s to come.

Some bold predictions for the year 2015 have surfaced and hopefully, you’ve compiled some bold goals for your business next year.

But as far as payroll goes, changes and revisions are inevitable as technology and policies continue to evolve.

Here are the payroll tax changes employers need to be aware of for the upcoming year.

Tags: payroll calculator, payroll, payroll taxes

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EEOC Files Third Lawsuit Against Corporate Wellness Programs

December 19, 2014 | Mitch Geiger | 0 Comments

The Affordable Care Act created new incentives and expanded the ability for employers to use wellness programs.

Wellness programs were given a formal exception from HIPAA’s nondiscrimination rules in 2006 and health reform codified the requirements without much change apart from an increase in the maximum permissible reward from 20 percent to 30 percent of the cost of individual coverage under a group health plan.

The new rules continue to support workplace wellness programs, including "participatory wellness programs" which generally are available without regard to an individual's health status.

These include, for example, programs that reimburse for the cost of membership in a fitness center or that provides a reward to employees who complete a health risk assessment without requiring them to take further action.

Tags: aca, affordable care act

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How Workers' Comp Works For You

December 18, 2014 | Jessica Kornfeind | 0 Comments

For many businesses, workers’ compensation insurance is a headache. From claims to understanding your state’s requirements to figuring out how to pay for the insurance, it’s a real back breaker.

Our most recent infographic aims to soothe that aching back. It examines the most recent workers’ compensation data and identifies how it can affect your business. Even better, this infographic will show how to alleviate workers’ comp headaches you may have experienced. 

Tags: workers comp insurance, workers comp, workers' compensation, infographic

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Small Businesses Drop Coverage As Health Law Offers Alternatives

December 17, 2014 | Guest Author | 0 Comments

KHNsmallbizcancelBLOG

This article was written by Jay Hancock and was provided by Kaiser Health News (KHN), a nonprofit national health policy news service. 

For two decades Atlanta restaurant owner Jim Dunn offered a group health plan to his managers and helped pay for it. That ended Dec. 1, after the Affordable Care Act made him an offer he couldn’t refuse.

Health-law subsidies for workers to buy their own coverage combined with years of rising costs in the company plan made dropping the plan an obvious – though not easy – choice.

Tags: health care reform, Small Business Tips, health care

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5 Ways to Prepare Your Small Business for Success in 2015

December 15, 2014 | Taylor Gordon | 0 Comments

Congratulations! You've made it through another year as a small business owner.

And that's no easy feat.

Amid the celebrations and festivities that the holiday brings, small business owners are operating at the busiest time of year. Not only are you dealing with the holiday rush you're also preparing for a brand new year in business.

How you close out this year directly influences how you succeed in the next. So read on for 5 things you should do to ensure you bring in 2015 with a bang.

Tags: small business owners, Small Business Tips

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Three Most Frequently Asked Workers' Compensation Questions

December 12, 2014 | Jessica Kornfeind | 0 Comments

Workers' compensation insurance is something all business owners are most likely aware of. However, it can be a tricky policy to fully understand. To help grasp the concept, I've gathered some of the most frequently asked questions about workers' comp and provided the answers to them.

Keep reading to learn more about requirements, how premiums are calculated, improving cash flow with workers' comp and more.

Tags: workers comp insurance, workers comp, workers' compensation

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5 Things You Can Learn From Your Competitors

December 10, 2014 | Rachel Bailey | 0 Comments

Competition is fierce. Especially for small business owners trying to contend against others in the same niche as well as corporate giants. But it’s true that you can learn some of the best advice from those who are trying to outsell you.

There’s a reason NFL players watch film before their games and that the late Sam Walton, founder of Wal-Mart, was known for regularly visiting competitor’s stores. 

Don’t copy, but analyze what your competitors are doing and do it better. Here are some things you can learn and the tools to help you do that.

Tags: small business owners, Small Business Tips

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Expert Roundup: The Worst Advice for Business Owners

December 08, 2014 | Taylor Gordon | 0 Comments

Admit it, you've wondered. Should I take this piece of business advice or should I ignore it?

As a small business owner you likely receive plenty of suggestions from family, friends, partners or mentors that want to lend a helping hand - except not all of their advice is worth your while.

So what advice should you avoid?

Read on for a roundup of what a few entrepreneurs, business owners and experts across the web are saying is some of the worst business advice.

Tags: small business owners, advice

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I Want You!: Management Lessons from 'The Voice'

December 05, 2014 | Rachel Bailey | 0 Comments

In its 7th season, NBC’s hit show The Voice is turning more than just chairs. It’s turning the hearts of viewers into music lovers and aspiring musical talent into superstars. 

Back in April of 2011, viewers were skeptical of “just another singing competition” that was set to air during primetime on NBC. But the concept was unique to any other show, and its luster has since proven that it can continue to shine.

So what can you, as a small business owner, take away from the likes of Adam Levine and Blake Shelton in a singing-based competition show? I’ll tell you!

Tags: small business owners, management tips

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