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Author: Lindsay Sommers

New Mileage Rate for 2020

If you’re an employee or employer, you’re probably aware that a lot of things change in the beginning of each year. This year, for instance, we’ve already seen changes to the US overtime policy and new salary history bans in Ohio, New York, and New Jersey. Of course, to keep us on our toes, the IRS has placed a new regulation upon us. On December 31st, 2019, the IRS released the new standard mileage rate for the year 2020. Their official notice explains the rules of the optional standard mileage rate within the next year. Taxpayers will use this rate when computing deductible costs when using a vehicle for business, charitable, medical, or moving expense purposes. 

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Your Guide to Tax Deductions for Small Businesses

A person putting money into a piggy bank

If you run a small business, you’re going to want to file your tax deductions accurately. Properly filing tax deductions will give you a larger tax return. Unfortunately some businesses are not keeping accurate track of their records. As a result, there are a lot of tax write offs that people miss. To ensure that you benefit from deductions, you must keep records of all aspects of your business, including expenses. Once you’re organized and have valuable data to back up your claims, you may deduct many business expenses.

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Salary History Bans in Ohio, New York, and New Jersey- Effective 2020

A woman shaking another woman's hand for an interview

A common question asked during interviews is, “What is your current salary?” Although this sounds like a harmless question, this can lead employers to legal trouble. Of course, this can only lead to trouble if your state or city enforces salary history ban laws. Many states prohibit employers from asking applicants about their past or present salaries or benefits. The salary ban is said to decrease the salary disparities among different genders. Additionally, salary history bans prevent employers from decreasing salary offers based on the applicant’s past income. As a result of these bans, employees feel as though they are getting a fair shot in earning compensation.

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6 Things You Should Do at Work Before Leaving for Vacation

a checklist

Although taking time off is very exciting, it’s not a great idea to let yourself mentally check out before you’ve left the office. If you don’t prepare correctly, you’ll find yourself with an abundance of phone calls, emails, missed meetings, and questions from colleagues upon your return. To avoid stress when you come back from vacation, we’ve provided a checklist to help you prepare for your departure.

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Do Employees Get Holiday Pay Legally?

A snowman asking if they are "getting paid to work"

The holiday season is among us, which means that it’s the season for raises, bonuses, and more. A lot of employees have expectations this time of year because many employers provide extra perks. Employers might give extra pay as incentive to work during the holidays, cash bonuses, extra time off, and more. With all of these different policies implemented by businesses, employees aren’t sure what they’re actually entitled to. What can employees expect when they work on a holiday?

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What Happens to Employees After an Acquisition?

A business man standing next to a question mark

If you’re an employer, an acquisition is a good thing. This means that your business gained so much revenue and popularity that another larger company sees its potential and purchases it. If you’re an employee, you may have a different mindset about acquisitions. Unlike employers, employees often do not sit back and relax when they hear about this transition. After an acquisition, employees are nervous about their job security, and rightfully so. All of these changes cause confusion and nervousness among employees, and that’s why we’re here to clear things up:

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Finding the Right Payroll Expert

People lined up in a line with a finger pointed directly at one person

Running a business takes a lot of time and energy. For small businesses, doing your own billing and payroll might be the way to go, but what about a growing business? When business is booming, you don’t want to spend time keeping your books up to date, processing payroll, entering tax write -offs, or searching for missing tax information. You want to focus on the future of your business, rather than dealing with paperwork. This is why business owners are hiring payroll experts to take care of their financial needs. 

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