Among the many provisions of the Secure 2.0 Act, several deal with the paperwork responsibilities that fall on retirement plans. The Secure 2.0 Act, which became law on December 29, 2022, amends some sections of the Employee Retirement Income Security…
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Business school students aren't waiting until springtime to apply for jobs and internships anymore. Hiring managers are busy sifting through resumes and applications right now, trying to find the ever-elusive "best fit" for their companies. The good news for employers:…
Cloud-based A/R is rapidly becoming a must-have for businesses of all sizes. But where is A/R technology heading, and what should you expect it to do? Here are some key trends where this fintech is evolving. Can your A/R tech…
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…
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…
High inflation continues to impact businesses. One of the latest examples? Costlier penalties for breaking workplace laws. Several federal agencies released final rules, announcing increased amounts for 2023. Here's a brief rundown of five of the workplace laws included in…
Cybercriminals who are out to steal your company’s money are getting smarter. Even a password that uses a capital letter, at least one number and a special character can be cracked by hackers because people tend to use the same…
When you break down your labor costs, it's probably employee base pay that eats up the most money. Yet it's an expense you can't afford to live without because base pay's also a significant factor in employee recruitment and retention…
Twenty-five Republican state attorneys general are taking aim at the Department of Labor's rule on retirement plan investing. The November 21, 2022 rule - "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights" - says that "consistent with…
Are you worried your organization could be falling behind competitors? Could it be at risk from factors like new technologies making your products or services obsolete? Plenty of CEOs and CFOs are privately nodding "yes" to both questions. In fact,…
Avoid penalties: Electronic workplace posters belong in the ‘break room,’ not the ‘custodial closet’
It'll cost more in 2023 if you don't display the required workplace posters. To complicate matters, electronic postings may be allowed, or even required. Back before the rise of remote and hybrid workforces, the Department of Labor (DOL) released guidance…
You can now file Form 1099 series information returns using the Information Returns Intake System (IRIS) online portal. Step one is enrolling with IRS by clicking here. IRS is touting the free electronic filing service, which doesn't require any special…
