As an employer, it’s important to understand the Consolidated Omnibus Budget Reconciliation Act, commonly known as COBRA. COBRA is a federal law that allows some employees and their dependents to keep their health coverage after experiencing a qualifying event. Understanding COBRA requirements helps employers stay compliant and ensures employees maintain coverage during times ofContinue Reading
Navigating and complying with federal and state leave laws can be confusing for employers and employees. A recent clarification by the U.S. Department of Labor (DOL) explains how the Family and Medical Leave Act (FMLA) rules work along with state and local paid leave programs. Below are the key takeaways from the DOL’s latestContinue Reading
The U.S. Supreme Court recently ruled in the case of E.M.D. Sales, Inc. v. Carrera, that employers only need to meet the lower “preponderance of the evidence” standard to show that employees fall under an exemption to the Fair Labor Standards Act’s (FLSA) minimum wage and overtime requirements. This decision simplifies the process forContinue Reading
At the end of each year, businesses like yours must prepare a few important reports to comply with legal and financial requirements. Here’s a brief guide to the most common end-of-year reports companies should prepare: Employee Tax Forms. These forms are important to maintain tax compliance and to report employee earned income. W-2 Forms:Continue Reading
Healthcare costs can be a significant burden for both employers and employees, but there are strategies everyone can use to make the most of health benefits and help lower overall rates. By making strategic healthcare decisions, you can reduce the number of claims you file and lower out-of-pocket costs. Here are some tips toContinue Reading
Open enrollment season is upon us, so employers are preparing to provide health and welfare benefit options for their employees during the upcoming plan year. This is an opportunity to ensure compliance with legal requirements. Here are five important considerations employers should keep in mind during open enrollment along with practical ways to helpContinue Reading
What are non-cash fringe benefits? Non-cash fringe benefits are benefits an employee doesn’t receive cash for but does get taxed on. Some examples of commonly used fringe benefits are gift cards, Group Term Life Insurance greater than $50,000, personal use of a company vehicle, or health insurance premiums for 2% shareholder employees of S-Corps.Continue Reading
Save more time and money while also reducing stress. Running a business can be quite overwhelming. You are working to expand and make a profit while also managing day-to-day human resources (HR) tasks. To enable you to focus your efforts on activities that actually grow your business, we created a portal that will enhanceContinue Reading
Why acting early may save you money and risk. What are non-cash fringe benefits? Non-cash fringe benefits are benefits an employee doesn’t receive cash for but does get taxed on. Some examples of commonly used fringe benefits are gift cards, Group Term Life Insurance greater than $50,000, personal use of a company vehicle, orContinue Reading
Overtime pay has been a part of US law since 1938, yet compliance with the Fair Labor Standards Act has been a consistent problem for businesses. The cost of noncompliance is growing, and disregard of overtime laws is a sure way for a business to end up in a wage & hour audit or lawsuit. Continue Reading
Entrepreneurship For many aspiring entrepreneurs, the pursuit of independence fuels their initial desire for business ownership. While serving one’s community with valuable services often sits at the heart of their motivation, achieving profit maximization and client satisfaction entails significant responsibilities. Among these lies HR compliance laws, a non-customer-facing area that holds immense power over yourContinue Reading
With these penalty amounts rising, companies must make sure they remain compliant with employment laws. UniqueHR can provide compliance assistance with employment laws and regulations and help your employees better understand their rights and responsibilities. Reach out today to learn more about our partnership opportunities.
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