While the impact has yet to be fully understood, it can only be assumed that Workers’ Compensation Insurance carriers who are facing rising costs from lawsuits may be forced to pass those costs on to their customers in the form of higher work comp rates. Recently there have been a number of law firms advertising […]
Author Archives: StaffMarket
How Inflation is Affecting Small and Medium Sized Businesses
Inflation Impacts for Small and Medium Sized businesses (SMB).
Winning the Battle for Workers – How a PEO can help
Joining forces with a PEO can make your company or more attractive employer for job prospects. On January 5th , 2022 the Wall Street Journal reported that workers quit their jobs at a record rate in November 2021. Workers Quit Jobs at a Record Level in November – WSJ Click the button to “READ ARTICLE”. […]
Proposed Florida Legislation for Employee Leasing – Work Comp
Florida State Senator Keith Perry Is sponsoring a new legislative proposal (SB 820) regarding workers’ compensation insurance coverage provided by employee leasing companies also known as Professional Employer Organizations or PEOs. Regardless of the good intentions of the legislation, if passed this legislation as currently drafted could create more opportunities for workers’ comp fraud. Many […]
California Makes Retirement Plans Mandatory for Employers
The State of California is implementing a phased in mandatory retirement program to improve workers access to retirement savings tools. Employers with five or more employees in California must either offer a qualified employer-sponsored retirement plan or participate in the state’s Individual Retirement Account (IRA) program known as CalSavers, effective June 30, 2022. Qualified Employer-Sponsored […]
Payroll Tax Deferral Confusion for Business Owners
On August 8, 2020 President Trump issued an Executive Memorandum allowing employees who make less than $104,000 per year to defer their payroll tax withholding starting September 1 through the end of 2020. The intent was to keep more money flowing through the economy to counteract the economic impact of the coronavirus pandemic and to […]
The CARES ACT Will Help Small Business and PEO Clients
The Cares Act and Value for PEO clients
Corona Virus Causes Chaos for Small Employers
For small businesses, navigating employment related laws and regulations has long been a challenge. The COVID-19 outbreak has produced a double whammy for many companies. Many employers are dealing with a loss of revenue combined with increasing employer related costs due to newly expanded rules related to sick leave, paid family leave and expansion of […]
Florida Approves Work Comp Surcharge
Florida workers’ compensation insurance surcharge in 2020.
SSA Announces Higher 2020 Wage Cap
In order to fund Social Security benefits for millions of American citizens, employee wages are taxed up to a specified earnings limit, known as the taxable wage cap. The Social Security Administration recently announced changes to the maximum limit on earnings subject to the tax. In October 2019, the SSA announced that the taxable wage […]
