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2017 HSA Contribution Limits and Minimum Deductibles
The IRS has released the 2017 inflation adjusted amounts for health savings accounts (HSAs). To be eligible to make HSA contributions, an individual must be covered under a high deductible health plan...
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BREAKING NEWS: DOL Enacts Sweeping Changes to Overtime Rules
Department of Labor Enacts Sweeping Changes to Overtime Rules for Salaried Employees: Salaried Workers must earn at least $47,476 or be paid OT Wages for every hour over 40 hours worked per week....
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2016 Limits Released for 401k, Simple IRA, Social Security Threshold, HSA,...
Social Security The maximum amount of earnings subject to Social Security taxes will remain at $118,500. Health Savings Account The HSA contribution single limit will remain at $3,350 and the family...
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Employer Guide to Form 1094-C and 1095-C Reporting Requirements under the...
In January of 2016, one of the major reporting and compliance provisions of the ACA, the Affordable Care Act or Obamacare, will take effect. Some employers will have to provide the IRS and their...
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Avoiding Employee Misclassification Under the Fair Labor Standards Act
New guidance is available for employers on how to avoid misclassifying employees as independent contractors for purposes of the federal Fair Labor Standards Act (FLSA), which sets basic minimum wage...
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November Payroll Calendar Unfavorable: Start Planning Early
November represents a time of pumpkin-spice everything, family, and good food. It also brings with it two Federal holidays, which may result in an earlier check date or submission deadline for your...
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Proposed Changes to Overtime Eligibility Rules for ‘White Collar’ Workers
The U.S. Department of Labor is proposing to update the rules governing which executive, administrative, and professional employees (“white collar workers”) are entitled to the minimum wage and...
View ArticleSusan G. Komen Race for the Cure
Checkright is proud to announce its participation in the 2015 annual Susan G. Komen Race for the Cure, held every May in Richmond, VA. Checkright sponsored each staff member’s registration and...
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Motivating Employees
Successfully motivating your employees will help you achieve and maintain business goals. Ultimately, you want to create an environment that allows your employees to meet or exceed expectations, do...
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5 Things for Employers to Know About Form I-9
As an employer, one of your most important responsibilities when hiring a new employee is to properly complete Form I-9. It sounds simple, but it can be easy to make a mistake or get confused as to...
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New Hire Onboarding Checklist
New employee orientation (also called “onboarding”) introduces new employees to the workplace and familiarizes them with some of the company’s basic practices. Onboarding should be conducted as soon...
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Calendar Anomaly Creates Extra Payday in 2015
2015 is a year that has, for some companies, an “extra” payday. This calendar anomaly may impact employees’ salary and deduction amounts. The following will help you determine whether your company will...
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3 Things to Consider When Terminating an Employee
Terminating an employee is never a pleasant task, but at times it is a necessary part of managing your workforce. Here are some steps you can take to protect your business against possible wrongful...
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Retirement Planning Resources for Your Business
It’s never too early to start taking advantage of the benefits of retirement planning. As a business owner, a retirement plan allows you to invest now for financial security when you and your employees...
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2015 Holiday Closings
2015 Holiday Closings Federal Reserve Bank and office closings for 2015 are listed below. Remember, if the Federal Reserve Bank is closed, we must process direct deposit one day early. Your payroll...
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3 Tips for Managing Employee Records and Files
The end of the year is a great time to review your employee records and files. In addition to making sure that you’re keeping any records that may be required by law, you should be sure to update any...
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2015 Limits Released for 401k, Simple IRA, Social Security Threshold, HSA,...
Social Security The maximum amount of earnings subject to Social Security taxes will increase from $117,000 to $118,500. Health Savings Account The HSA contribution single limit will increase to $3,350...
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