A PEO is a Professional Employer Organization. A PEO can help your small business by doing various functions such as payroll, benefits, employer related administrative functions such as 401k and health benefits. This allows the employer to focus more on the employee and the daily business needs. These are some of the things that a…
When you’ve decided you need to choose a PEO for your small business, you need to know you can depend on them for your payroll and compliance needs. As well as other issues that may come up that are unpredictable. Knowing that you have these experts in your corner can be the deciding factor when…
Your employees are your most valuable asset, so managing them and keeping them happy, especially in today’s society should be a top priority. This makes outsourcing various human resource functions a great decision for many businesses, especially smaller ones. When you have more time to spend on your employees, and someone else to take care of your business needs, you have time to keep your employees happy, and grow your business while saving money!
Back in December 2017, the Federal Tax Cuts and Jobs Act became law, and as a result this affected workmen’s compensation insurance and decreased the corporate tax rate. The Florida Office of Insurance Regulation has approved a decrease of -1.8% in the rates Florida businesses pay for workers’ compensation insurance. This is the second decrease…
The increasing complexity of managing employee benefits efficiently and in a cost effective manner has led today’s smart small business owner to consider outsourcing employee benefits. This is not a decision that should be made without knowing all the advantages and disadvantages that come with either managing benefits internally versus externally. Today we are going…
It’s tax season. The year is just kicking into gear and already you have to get your small business’ financials in order. Unfortunately not all small business tax services are built the same. When you own your own business there is a tendency to reduce cash outflows as much as possible to turn a profit….
A new study from the Social Market Foundation says it has proof that happy workers are indeed productive workers! For the longest time corporate culture mostly prioritized a high-pressure, take-no-prisoners culture to maximize financial success. This approach appeared to produce the best results as direct correlation between effort and results could be more easily measured….
Small to medium sized business owners are all too familiar with the headaches associated with payroll management. In fact, one of the first things business consultants always recommend is to outsource payroll and other non-core functions. A non-core function is anything you can’t charge clients for or use to differentiate yourself from your competitors. Let’s…