Outsourcing your Human Resources functions can greatly increase your return on investment. However, many aspirational medium and small business owners analyze the structure of some of the most successful companies and attempt to replicate it hoping for the same results. However, small or medium businesses should be doing the opposite.
During the COVID-19 pandemic, there has been an uproar regarding how companies are or are not taking care of their employees. As companies braced for the impact of the pandemic, the Human Resources departments in particular were faced with tough decisions and are expected to continue to evolve post-pandemic.
You’ve decided to outsource your payroll, but now what? One of the most difficult and most common decisions that business owners face is which type of payroll outsourcing to utilize—either a Payroll Service Provider (PSP) or a Professional Employer Organization (PEO).
ThinkHR has published very helpful information for employee and employers struggling with the question: Can an employee refuse to return to work over concern about COVID-19.
Our partner, GovDocs, has published a very good checklist for employers. The FFCRA was signed into law March 18 and went into effect April 2. It expires Dec. 31, 2020.
Congress has just passed legislation to add additional funding the Paycheck Protection Program (PPP). The President is expected to sign the bill later today.
The uncertainty surrounding COVID-19, or the coronavirus, has left many small business owners concerned about the future. While some businesses are practicing social distancing with work-from-home policies, other businesses don’t have the capabilities to do so, leaving many without work.
Many lenders are still requesting 941s to verify payroll amounts. Interim Final Rules from the SBA DO NOT require tax documents. The National Association of Professional Employer Organizations has created a letter for our PEO clients to use when talking to your lender. You can download it here.
The Department of Labor (DOL) has released rules related to administration of leaves under the Families First Coronavirus Response Act (FFCRA) and answered more common questions on their Questions and Answers page. Below are some key highlights to keep in mind when administering these leaves. We also recommend reading our summary of the FFCRA in Comply if you have not already done so.
The CARES Act states “individuals who operate under a sole proprietorship or as an independent contractor and eligible self-employed individuals shall be eligible.”
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