Could an FSA offer the benefits flexibility you need?
Business owners have to make tough choices when it comes to providing benefits to their employees. Many companies, especially newer or smaller ones, may understandably prioritize flexibility. No one wants to get locked into a benefits offering that’s … [Read more...]
Exercise cautious generosity with 401(k) enrollment eligibility
If your organization sponsors a 401(k) plan, you may have more flexibility than you think when it comes to setting eligibility rules for participants. Granted, the Employee Retirement Income Security Act (ERISA) sets many rules for enrollment. But … [Read more...]
How long should you retain payroll records?
Employers must exert a certain amount of time and resources to properly retaining their income tax records. But these aren’t the only documents you need to maintain. Retention of your organization’s payroll records is also important. Rule of … [Read more...]
Recent Changes to LLCs in Pennsylvania
Pennsylvania made important changes to its LLC law effective in 2017. John H. Prorok, partner with Maiello, Brungo & Maiello, LLP, explains the key provisions. Effective dates On February 21, 2017, Act 2016-170 (15 Pa. C.S. § 8811 et seq.) went … [Read more...]
Standard Mileage Rates Changed For 2017
The IRS has announced a decrease in the business standard mileage rate from 54 cents per mile to 53.5 cents per mile beginning January 1, 2017. Other standard mileage rates also change. Business standard mileage rate decreases for … [Read more...]
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