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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. General consensus: Proposed regs, if they ever are released, will raise the minimum salary employees must earn to remain exempt from overtime under the Fair Labor Standards Act. Final e-filing regs. This is prescient.

Payroll 52
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Counting the costs: What government funding for scientific research will cover?

The Small Business Blog

And if you’re working in scientific, technological, medical or engineering research, the government can end up giving you quite a lot of money, through a scheme called research and development tax credits. It can also include the proportion of supervisors’ and managers’ time spent overseeing work on the project.

Agencies 120
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4 Reasons you Should Continue Providing your Employees Health Insurance

Small Business CEO

Some small businesses may be tempted to drop insurance coverage and perhaps bump their employees’ salaries. Having un- or under-insured employees means that your workforce will likely forego routine checkups and needed medical care for all but the most dire medical problems. But should they? You won’t regret it.

Health 40
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Evaluating Benefits 101 – Comparing Premium Costs is Just Not Enough

Small Business CEO

These cost-cutting efforts will affect every department in a company, especially HR, as most companies spend the largest part of their revenue on salaries and wages. Not only will salaries and wages be tightly controlled but the depth and range of benefits packages will also be reconsidered every year.

Salary 40