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          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
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Benefits

How to strike a balance between protecting mental health and prioritizing productivity

Employee experience – including employee mental health – has become a higher priority for many organizations, according to research by Gartner. The Great Resignation that was triggered by the pandemic resulted in companies competing to deliver a best-in-class employee experience to retain their talent. Meanwhile, the ongoing cost of living crisis has increased employee burnout […]

by Jennifer Gendron, Finance Expert Contributor
March 10, 2023
Mitigate the high costs of low productivity

End of COVID-19 emergency declarations could impact your health plan: What to do next

We know you’re tired of hearing about the pandemic, but this is pretty big. The Biden administration recently announced that the COVID-19 public health emergency and national emergency will officially end May 11, 2023. Because this will affect your company’s group health benefits plan, here’s what experts are recommending: Ensure you have records that demonstrate […]

by Brian Bingaman
February 13, 2023

Employees need help with finances: How companies can help

If your company’s employees are like most, they’d score a big fat F on a financial literacy test. Every year, the Teachers Insurance and Annuity Association of America (TIAA) and the Global Financial Literacy Excellence Center (GFLEC) quiz working adults on their knowledge of investment choices, saving money, insurance options, the stock market and so […]

by Scott Ball
February 7, 2023

Thinking about switching to earned wage access? You may want to offer pay cards as well

Earned wage access, also known as on-demand pay, is being leveraged by your peers as a key recruitment and retention tool for workers who may be strapped for cash right now because of the high prices of gas, energy bills and groceries. In a Zoom interview, Scot Parnell, CFO of DailyPay, estimated that 37% of […]

by Brian Bingaman
February 6, 2023

Secure 2.0 Act will make emergency access to retirement funds easier

Although Congress isn’t famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of the Consolidated Appropriations Act of 2023) to get it signed into law. The intent is to make it more attractive for employers to offer retirement plans and potentially improve retirement outcomes for employees. In […]

by Brian Bingaman
January 11, 2023

Work schedule flexibility: Can employees be trusted to set their own hours?

Now that you have a feel for what positions at your firm should be hybrid, you might be considering giving employees the ultimate work schedule flexibility – the ability to autonomously choose the days and hours that they work. Many of your peers have discovered that it’s an easy fringe benefit to add, and that […]

by Brian Bingaman
January 9, 2023

What do you do if you spot 401(k) plan errors? Test your team’s knowledge

There’s no need to panic if you or one of your staffers discover they’ve made mistakes with your company’s 401(k) plan. No one is going to jail, and in almost every case you won’t be paying a penalty, so long as you take steps to rectify the error promptly and correctly. The IRS’ Employee Plans Compliance […]

by Scott Ball
January 6, 2023

2023 bringing tax changes: What your Finance team needs to know

As the calendar flips to 2023, it’s crucial for your Finance team to be aware of the tax changes going into effect and for you to take steps to ensure compliance. In the ResourcefulFinancePro webinar “Tax Changes Finance Pros Need to Know Going into 2023, Pamela Fagan-Shull, president of Audit Business Services Inc., highlighted seven […]

by Brian Bingaman
December 23, 2022
Key Updates For Payroll Plus NewT ax Credits From Inflation Reduction Act

Still time to give employees a holiday bonus they’ll appreciate the most

More than half of employees say they’d like to receive a financial reward of some kind as the Christmas and New Year’s holidays near. The reality is, many won’t be seeing a bonus of any kind as employers tighten their belts and layoffs loom on the horizon. Challenger, Gray & Christmas surveys businesses every year […]

by Scott Ball
December 15, 2022

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Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.

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