Business owners know that managing and staying compliant with employer-sponsored retirement plans, like 401(k)s and pensions, is complex and prone to mistakes. The government understands this as well, but they still expect errors to be corrected. Since 2002, the U.S. Department of Labor (DOL) has offered a program called the Voluntary Fiduciary Correction ProgramContinue 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
The recent fires have significantly affected everyone in the surrounding areas of Los Angeles and Ventura counties due to the poor air quality, power outages and not being able to access their homes and businesses. In many cases, losing them altogether. Below are regulations and important considerations that employers must keep in mind toContinue Reading
Great news for employers! Two new laws signed on December 23, 2024, the Paperwork Burden Reduction Act (PBRA) and the Employer Reporting Improvement Act (ERIA), which bring significant changes to Affordable Care Act (ACA) reporting requirements. These updates are designed to simplify processes for Applicable Large Employers (ALEs). Simplified Reporting for Forms 1095-C andContinue Reading
The holiday season can often present HR challenges to employers that can range from managing time-off requests to hosting holiday parties. Employers must comply with workplace policies, along with federal and state regulations to remain compliant while creating a positive environment. Here are some common HR pitfalls and ideas on how to avoid them:Continue Reading
Starting next month, the Occupational Safety and Health Administration (OSHA) will require construction employers to provide Personal Protective Equipment (PPE) that properly fits each worker’s unique body type. This change, announced December 11th, is significant given the diversity of the workforce in hazardous fields, including a growing number of women, who may have facedContinue 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
On Dec 3, 2024, a federal judge in Texas granted a nationwide temporary injunction against the Corporate Transparency Act (CTA), which required all businesses operating in the US with an EIN (roughly 32.6 million) to file a Beneficial Ownership Information Report (BOIR). This report required companies to disclose the personal information of all beneficialContinue Reading
When winter arrives, freezing weather may catch businesses off guard. Preparing for low temperatures helps you and your staff stay safe, prevent expensive damages, and helps keep your operations running as smooth as possible. Below are a few tips to help ensure your business and employees are ready when the temperatures drop. Inspect andContinue Reading
The Corporate Transparency Act (CTA) came into effect on January 1, 2024, with the goal to help the US government combat financial crimes like tax fraud, money laundering, corruption, and even drug and human trafficking. In order to do so, this law requires all businesses operating in the US with an EIN to fileContinue Reading
What employers need to know. In a ruling on November 15, 2024, U.S. District Court Judge Sean Jordan struck down the U.S. Department of Labor’s (DOL) recently expanded overtime rule nationwide. The decision, issued by a Texas federal court, effectively removed overtime eligibility from an estimated 1 million workers and changed the salary thresholdContinue Reading
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