If you have employees, you must deposit all the federal income tax you withhold from your employees (based on their W-4 forms), including both the employer and employee portions of Social Security and Medicare taxes. Based on your situation, you may have to make deposits on a monthly or a semiweekly schedule — and deciding which one is right for your business involves calculations: If you're a … [Read more...]

In 2020, the IRS published an alert urging employers and taxpayers to beware of tax scams, including payroll phishing schemes. And that's only the beginning when it comes to payroll threats. In general, employers must also guard against: Noncompliance with payroll laws, whether intentional or unintentional. Payroll fraud by employees. Misuse of self-service technology. Unforeseen … [Read more...]

We live in a fast-paced society where people are forever on the go. There's hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. According to a Gallup survey, 87 percent of millennials say professional development is important in a job. Further, the Harvard Business Review concluded that lack of … [Read more...]

According to the Society for Human Resource Management, employers are implementing personality testing more frequently in the hiring process. The goal is to understand job candidates better by gaining a sense of their feelings, attitudes, perceptions, motivations, emotional intelligence, interests, preferences and communication styles. Some employers believe personality tests can help them predict … [Read more...]