If you were to ask your IT staff about how tech support for remote employees is going, they might say something along the lines of, “Fantastic! Never better!” However, if you asked remote workers the same question, their response could be far less enthusiastic.
On April 1, Massachusetts Governor Charlie Baker signed into law a new COVID-19 relief legislation package with tax impacts for small business owners and individuals.
We all know we should be saving for retirement. But, according to EBRI’s 2018 Retirement Confidence Survey, many Americans aren’t prepared. In fact, 79% of respondents said they plan to work in retirement! Of course, life gets in the way of taking action, and retirement seems so far off. But whether or not you’re prepared, it will be time to retire before you know it. Read on for 10 reasons to make saving for retirement a priority today.
When a business reaches a certain number of eligible participants for their 401(k) Plan, federal law requires an independent audit of the Plan. While larger companies may be familiar with this process, many small business owners may find themselves in uncharted territory the first time their number of eligible participants increases above the threshold amount. In this second blog in our 3-part series, we’ll discuss what auditors review during a 401(k) Plan audit.
The American Rescue Plan Act introduced several new relief programs for small businesses, including the Restaurant Revitalization Fund—designed to provide relief for restaurants and other food and drink establishments that were hit hard in the last year as a result of the ongoing COVID-19 pandemic.
As a financial planner, I am often asked by clients about which retirement savings tools are right for them. Many clients have questions about how Roth 401(k) plans in particular compare to other retirement saving strategies. To help clarify, I have put together the following list of frequently asked questions and answers to help you decide if Roth 401(k) contributions are right for you.
Last week President Biden signed the American Rescue Plan Act, which included many relief provisions for taxpayers, including a third round of economic impact payments. Like the first two rounds, taxpayers will not need to take any action to receive their stimulus payment.
When a business reaches a certain number of eligible participants for their 401(k) plan, federal law requires an independent audit of the plan. While larger companies may be familiar with this process, many small business owners may find themselves in uncharted territory the first time their number of eligible participants increases above the threshold amount. In this 3-part blog series, we’ll cover the basics of 401(k) plan audits.
On Monday, the Presidential administration announced that on Wednesday, February 24th, a new two-week Paycheck Protection Program (PPP) loan application window will open specifically for businesses with fewer than 20 employees.
In light of the COVID-19 pandemic, many employers have shifted to a remote workforce—and in turn, the staffing industry has had to pivot as well, implementing remote recruiting, hiring, and onboarding strategies. While some employees have now returned to the office, many are continuing to work remotely, and will for the foreseeable future. And with employers and employees finding that a remote work strategy can be just as effective, while saving costs for employers and providing a better work-life balance for employees, remote work is definitely here to stay on a larger scale than ever before. So what does this mean for the staffing industry?
