If your professional employer organization (PEO) or payroll contract is up for renewal at the end of the year, it may be time to decide which direction you want to go next. Should you continue using the services of your current PEO, switch to a different company, or begin doing...
When it comes to running a business, nothing is more important than your time and your money. Payroll can be a huge headache for businesses of all sizes, often requiring salaried employees to learn specialized software that they don't fully understand. Outsourcing your payroll can make paying your employees a...
All states except for Texas require that businesses with a specified minimum number of employees (usually three to five) must have workers' compensation insurance. This insurance helps protect companies in the event of an employee being injured while on the job. In some cases, certain people within companies may obtain workers' comp exemptions....
Employers are on the lookout for ways to mitigate the costs involved in complying with changes to the legal requirements of employee benefits administration. One option being explored and tried by some companies is shifting some of the cost of health care benefits to employees by asking them to pay...
I am a general contractor in Florida, and I do not currently have workers' compensation insurance. I was told I can apply for an exemption from workers' comp for me and my employees. How do I apply for this? In Florida, all businesses in the construction industry with employees need to...
Many of today's business owners take payroll management technology for granted, with no idea how much payroll has changed in just the last 25 years or so. Once upon a time, "automated payroll" meant a payroll clerk sat at a specific computer with DOS-based software installed, and it could still...
When a business must agree to pay higher rates for workers’ comp insurance due to trends in three-year rolling claims and payroll data, the situation is called “consent to rate.” In Florida as well as New Jersey, SourceOne Partners can provide alternative options that may be more budget-friendly. Why Would a...
I just started with a PEO, and I had to pay a significant up front deposit for workers' compensation collateral. I thought PEOs did not charge deposits and were pay-as-you-go. Do all PEOs do this now? Some PEOs are now charging claim fees and/or placing deductibles for claims onto their workers'...
On May 7, 2014, we sponsored the 2nd Annual Anniversary and Awards Dinner for an up-and-coming organization called the Florida Minority Business Development (FMBD). Its mission is to educate and support minority business owners to run their companies more efficiently and grow. The awards dinner was held at the Sheraton Fort...
Are You Up-To-Date On Filing Payroll Taxes? If Not, Be Forewarned of the Steep Consequences Federal tax authorities take withholding and remission of payroll taxes from employee paychecks very seriously. Business owners occasionally attempt to forestall business failure by using money withheld from employee wages for federal income and employment taxes...
