Accounts payable is a critical area of concern for every business. However, as a back-office function, it doesn’t always get the attention it deserves. Once in place, accounts payable processes tend to get taken for granted. Following are some tips … [Read more...]
IRS offers tax relief for leave-sharing programs
Under a leave-sharing program, employees can elect to forgo vacation, sick or personal leave in exchange for cash payments made by their employers to qualifying charitable organizations. These arrangements have been around for a while, but they’ve … [Read more...]
Excluding part-time employees from 401(k) plan eligibility
Under some circumstances, an employer that sponsors a 401(k) might wish to amend its plan to exclude part-time employees and offer the benefit only to full-time staff members. Is such an approach allowed under the rules for qualified plans?Coverage … [Read more...]
Dodge the tumult with a buy-sell agreement
Businesses with multiple owners generally benefit from a variety of viewpoints, diverse experience and strategic areas of specialization. However, there’s a major risk: the company can be thrown into tumult if one of the owners decides, or is … [Read more...]
2022 – 05/26 – Hang up the gloves with an earnout
Federal agencies warn of AI’s dangers in hiring and HR
Artificial intelligence (AI) has been heralded as a revolutionary technology for employers. Proponents say it can help organizations hire more efficiently, communicate better, and save time and money on arduous and error-prone tasks.Indeed, all these … [Read more...]
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