Are you taking advantage of tax credits? They have historically been leveraged by large corporations. However, small businesses can benefit from them as well. Today, we’ll discuss how to take advantage of tax credits, and we’ll provide guidance on how to use them to help gain tax savings and incentives for eligible activities. Listen in as we cover: [0:58] What are tax credits & the basics to know about [2:16] Small business guidance to tackle the complexity [5:16] Which tax credits fit best...
Feb 19, 2024•14 min•Ep. 114
Leave of absence requirements continue to expand dramatically. And, they are one of the biggest trends to watch in 2024. The laws allow employees to take time off for certain life events without the fear of losing their job and/or a dramatic loss in pay. In this episode, we discuss what employers need to know about the latest leave laws. Listen in as we cover: [0:41] Background & purpose of leave laws [1:33] Paid sick leave [3:31] Leave for any reason [4:38] Paid family leave [6:50] Bereavem...
Feb 05, 2024•11 min•Ep. 113
Are you ready for tax season? Get insight from the experts on how to be prepared, maximizing the value of your tax professional. We’ll also go beyond tax filing, and dive into how to leverage an accountant’s expertise as a partnership, helping you benefit from their advisory and consulting services throughout the year. Listen in as we cover: [1:20] How to prepare for tax season & what to expect [3:37] The importance of communication & sharing information securely [5:58] Advisory & co...
Jan 22, 2024•14 min•Ep. 112
Your business cashflow is a critical component to your success. But, how do you strengthen your approach as your business grows? Today’s episode is a special segment HR{preneur} is bringing to you to explore banking and finance. We’re joined by Wells Fargo Bank, and we’ll dive into some key strategies to consider. Listen in as we cover: [1:30] Establishing business credit & why it matters [4:30] The startup phase & steps to account for [6:29] Working capital & common financing option...
Jan 08, 2024•14 min•Ep. 110
Year-end bonuses, W-2 forms and annual tax credit notices are three undertakings employers tackle to close out the year. In this episode, we’ll provide guidance to help you navigate these end-of-year responsibilities. Listen in as we cover: [0:40] General considerations for end-of-year bonuses [2:27] Overtime implications of bonuses [3:32] Tax implications for bonuses [4:32] W-2s: Timelines & how to furnish to employees [7:02] Other required tax notices, like EITC, & key things to know C...
Dec 11, 2023•10 min•Ep. 111
The recent resumption of student loan payments for millions of workers is impacting employees. Are you aware of how employers can help, reducing stress and turnover in the workplace? We’ll explore how employers can provide support for employees during this challenging time. Listen in as we discuss: [0:50] The extent of student loan debt & who is most impacted [1:42] The impact on employees, turnover & stress [4:45] The cost to employers & what you can do [6:28] Tax-free student loan ...
Nov 27, 2023•12 min•Ep. 109
Health Reimbursement Arrangements, or HRAs, are a modern way for employers to provide health benefits to employees. Rather than a one-size-fits-all group plan — or leaving employees to cover all of the costs of the plan on their own — employers can now offer their employees a tax-free allowance to purchase benefits that meet their unique needs. Listen as we cover: [2:16] Balancing high cost & still providing for employees [5:53] A new benefits model & how to take advantage of it [8:18] W...
Nov 06, 2023•18 min•Ep. 108
With COVID-19 cases on the rise again, employers have questions about their responsibilities for protecting employees, providing paid time off and how to comply with the latest guidance. During this podcast, we provide answers to the most commonly asked questions about COVID-19 right now. Listen in as we cover: [0:42] Isolation and quarantine guidelines [2:25] COVID-19 testing and screening [5:46] Paid time off and leave requirements [7:42] Vaccinations [10:08] Masks in the workplace [11:06] Oth...
Oct 23, 2023•14 min•Ep. 107
For many employers, it’s time to plan for open enrollment, which is when employers allow their eligible employees to choose or adjust their company-sponsored benefits. Open enrollment provides an opportunity to deliver real value to your business and employees. But where do you get started and what do you need to consider? We’ll discuss key steps you can take to help your business have a more efficient open enrollment. [0:58] Where to get started in planning open enrollment [1:57] Choosing the r...
Sep 25, 2023•6 min•Ep. 106
The Form I-9, which is used to verify the identity and employment authorization of individuals hired for employment in the United States, has recently gone through some changes that employers should be aware of. We’ll break down the updates, note key dates to follow and help you learn how this impacts your business. Listen in as we cover: [0:48] Form I-9 & how to complete it [1:58] New guidance on the Form I-9 process [3:05] What changed with the new Form I-9 [5:27] The new alternative to in...
Sep 11, 2023•11 min•Ep. 105
Employers have many important responsibilities, including compliance with federal, state and local minimum wage requirements. Unfortunately, myths that have developed about the minimum wage can make compliance even more difficult. To help you separate fact from fiction, we’ll debunk seven common myths related to the minimum wage. Listen in as we cover: [0:37] Core requirements of the minimum wage [2:17] What to pay when there are conflicting minimum wages [3:04] Is pay based on employer location...
Aug 21, 2023•12 min•Ep. 104
Several jurisdictions have enacted, or are currently contemplating adding, greater protections against height and weight discrimination for applicants and employees. Join us as we discuss height and weight protections in the workplace and break down what employers need to know. Listen in as we dive into: [0:51] Protected characteristics [2:07] Federal protections [4:02] Americans with Disabilities Act (ADA) [4:52] Covered jurisdictions [6:39] Impact to employers [8:24] Exceptions [9:33] Employer...
Aug 07, 2023•12 min•Ep. 103
A growing number of states and local jurisdictions are passing laws requiring employers to provide paid leave to employees. The laws are evolving so frequently that it can be hard to keep up with what’s required and what’s not. In this podcast, we’ll answer questions on vacation, paid sick leave and paid time off. Listen in as we cover: [0:38] Where is paid vacation required? [2:09] Are use-it-or-lose-it policies for vacation allowed? [3:54] Where is paid sick leave required? [5:26] Does paid si...
Jul 24, 2023•12 min•Ep. 102
Independent contractors and an independent workforce can help a business grow and scale quickly when needed. But there are risks that business owners and operators must properly evaluate. Today, we dive into the misconceptions as well as the key requirements to provide helpful guidance on how you can leverage this workforce to meet business goals. Listen in as we cover: [0:51] Navigating independent contractor classification and requirements [2:46] Are independent contractors critical to busines...
Jul 10, 2023•10 min•Ep. 101
Since HR{preneur} kicked off four years ago, the world has been through a lot of change, and small businesses have had to navigate their own set of obstacles. We are proud of all that the small business community has accomplished, showing agility and innovation in the unknown. As we celebrate our 100th episode, join us and our guest Jim Sperduto, President of Small Business, Retirement and Insurance Services at ADP to reflect on what our clients and small business owners have learned in the past...
Jun 20, 2023•15 min•Ep. 100
When providing meal periods, employers must pay attention to federal, state and local rules. Sometimes, however, certain myths can get in the way of employers meeting meal period requirements and this could result in employers facing penalties. In this podcast, we’ll debunk five myths about meal periods, and help you know the facts. Listen in as we cover: [0:52] Federal rules for when meal periods may be unpaid [2:24] Being relieved of duties vs. interrupted meal periods [5:43] Automatic deducti...
Jun 06, 2023•10 min•Ep. 99
Finding the right talent continues to be competitive, and companies are seeing a need to explore creative avenues to attract the top candidates. So, what can your business do to get ahead? We’ve brought a leader in talent acquisition to HR{preneur} to help you know more about the challenges and shifts we’re seeing, and approaches that can help. Listen in as we cover: [0:47] Hiring challenges to consider in 2023 [1:48] How career shifting could impact the job market [4:29] Getting creative, non-t...
May 22, 2023•15 min•Ep. 98
Join us as we talk to ZipRecruiter and explore how small businesses can make their job postings stand out as they compete to attract top talent. In this episode, we’ll dive into the elements of a great job post, talk about benefits to include, and discuss what to list in the job post to get the attention of the right candidates. Listen in to learn more about: [0:31] Labor market trends and job growth predictions [2:13] What employers can do to help their job postings stand out [5:06] The benefit...
May 08, 2023•9 min•Ep. 97
The signing of SECURE 2.0 Act of 2022 includes important provisions and changes to retirement savings plans. But what does this mean for your business and employees? We’ve brought in an expert from ADP’s Retirement Services to help break down SECURE 2.0. We’ll help you know more about some of the new benefits to employers and employees that are designed to make it more attractive to offer retirement plans, and to improve retirement outcomes for employees. Listen in as we discuss: [1:57] Tax cred...
Apr 24, 2023•13 min•Ep. 96
Where employees live and work has become more flexible and has given employers more options for relocating employees. An effective relocation assistance program can help attract, develop, manage and retain top talent … but where do you start? Listen in as we cover: [1:08] What employee relocations is, and why employers should consider it [2:04] How best to manage employee relocations [3:07] Employer communication considerations for employee relocation [3:56] How employers can further help suppor...
Apr 10, 2023•9 min•Ep. 95
Small business owners often carry many responsibilities, such as being the CMO, CFO and head of HR. With all of these different roles to juggle, it’s important for owners to identify ways to streamline efforts. One of those approaches is to combine time and payroll systems, to help manage labor costs and provide a holistic view of your workforce. In this episode, we discuss how small business owners can benefit from this approach. Listen in as we cover: [1:22] Reducing business costs by streamli...
Mar 27, 2023•8 min•Ep. 94
Women-led entrepreneurship continues to grow, but it doesn’t mean there still aren’t unique challenges that affect women-owned businesses. Today’s episode is a special segment HR{preneur} is bringing to you to explore this topic. Alongside a small business leader from Wells Fargo, we’ll discuss ways to navigate those challenges and explore alternative pathways. Listen in as we cover: [1:29] Overcoming the challenges that women-owned businesses face [3:43] How the role of a bank is evolving to su...
Mar 14, 2023•12 min•Ep. 93
Employers must comply with an expanding universe of federal, state and local laws affecting how they hire, pay, treat and terminate employees. Staying in compliance with these laws can be a challenge on its own, let alone when myths about how to comply creep up. If followed, these myths can lead employers down the wrong path and result in sanctions, a damaged reputation, and more negative consequences. In this podcast, we’ll debunk five myths that employers may encounter, and help you know the f...
Feb 28, 2023•11 min•Ep. 92
As we approach the 2023 tax deadline, you may be wondering what has changed from last year’s tax preparation. Or, if you’re a new entrepreneur, you may not know what to expect for your first tax season. For many business owners, the fear of making a mistake, not knowing about new rules and regulations, or even potentially leaving money on the table are some of their top concerns. In this episode, we’re joined by Tina McGill, CPA, and we’ll give you the “must ask” questions for your accountant. [...
Feb 13, 2023•9 min•Ep. 91
Laws addressing wage transparency are rapidly increasing and are one of the biggest trends to watch in 2023. They are being driven by an effort to help ensure pay equity. Some of these laws attempt to do so by prohibiting employers from banning discussions about pay or prohibiting employers from asking about an applicant’s pay history. Others go a step further by requiring employers to provide pay range information to applicants and employees. In this episode, we discuss what employers need to k...
Jan 30, 2023•9 min•Ep. 90
As we commence the new year, we know financial planning will continue to be important to every business. But how do you assess your financial health as a small business owner to plan for the year ahead? Today’s episode is a special segment HR{preneur} is bringing to you to highlight this area. Listen in as we are joined by a lead business execution consultant at Wells Fargo Bank and explore this topic. [2:32] What does financial health mean for small business owners? [3:27] Lessons learned about...
Jan 17, 2023•12 min•Ep. 89
Closing out the business year requires a lot of work. Among other things, you may have year-end bonuses to provide, W-2s to deliver, and annual notices to furnish. In this episode, we'll provide guidance to help you successfully navigate your end-of-year responsibilities. [0:41] End-of-year bonuses and what employers should keep in mind [3:22] What are the tax implications of bonuses that employers should consider? [4:18] W-2s, timelines, and how to handle paper and electronic versions [6:41] Ot...
Dec 14, 2022•9 min•Ep. 88
Small business owners are the backbone of the U.S. economy and have always been strong and resilient. The latest Small Business at Work Survey provides new data on small businesses, the challenges they face and the actions that helped them achieve success. In this episode, we'll talk about key findings from the survey. Learn even more! Watch our webinar Small Business at Work Fall 2022 Outlook: Preparing for a changing landscape . Copyright © 2022 ADP, Inc. All rights reserved. This content may ...
Nov 14, 2022•6 min•Ep. 87
As the labor market remains tight, employers have come up with innovative ways to compete for new hire talent. In this episode, we'll talk about benefits and perks small businesses can offer to help attract new employees, while supporting and retaining your existing workforce. Register for our November 1 webinar Small Business at Work Fall 2022 Outlook: Preparing for a changing landscape . To learn more about ADP’s solutions: https://adp.com/hire-advantage Copyright © 2022 ADP, Inc. All rights r...
Oct 25, 2022•9 min•Ep. 86
In a tight labor market, attracting and retaining employees is critical for business success. Offering group health and wellness benefits can be a key component of making you an employer of choice. In this episode, we'll talk about five things you need to know when offering group health benefits for the first time. [01:26] The top things a small business owner should consider when offering group health for the first time. [02:17] How should employers decide what to offer? [03:05] Selecting a ben...
Oct 10, 2022•8 min•Ep. 85
