Compliance guides and resources

You’ve probably heard a lot about inflation lately. With rising prices for everything from groceries to gas, your employees are feeling its effects. That’s where a cost of living adjustment (COLA) comes into play. Think of a COLA as a way for businesses to help their employees maintain their purchasing power when everyday expenses start to climb. So, how exactly does it work, and why should employers pay attention?

A professional employer organization (PEO) can be a valuable partner in helping with HR, payroll, and tax compliance. PEOs offer businesses — especially small ones — a co-employment model where they handle key administrative tasks, allowing you to focus on growth. But is a PEO right for every business? The short answer is no. Let’s talk about the pros, cons, and risks of a PEO to help you understand what partnering with one really means.

Businesses of all sizes face countless tax concerns, with the Federal Unemployment Tax Act (FUTA) being one such consideration. Employers must contribute to FUTA to alleviate the state’s financial burdens regarding reemployment assistance. One aspect of FUTA that can affect your business is the FUTA credit reduction, which comes into play when a state has unpaid federal loans. This can result in higher FUTA taxes for employers in those states.

Creating an employee handbook with clear HR policies can save businesses a lot of grief in the long run. A handbook helps define company expectations, guides employees, and ensures compliance with legal standards. This is Mosey’s guide to the 15 crucial HR policies that should be included in your employee handbook. These policies help maintain a healthy work environment and protect your company and its employees. Are Employers Required To Have an Employee Handbook?

Employers in New Jersey may be impacted by new labor laws that affect their operations, like the New Jersey Temporary Workers’ Bill of Rights. Gov. Phil Murphy signed this bill into law on February 6, 2023, which may change how your workplace functions. The law aims to provide temporary workers the same pay, benefits, and protections as permanent employees. It impacts temporary help service firms and the companies that hire temporary workers.

When your company partners with a professional employer organization (PEO), it can enjoy many benefits, such as payroll management, human resources support, and compliance assistance. However, there may come a time when your business outgrows the need for a PEO, or you want to manage these functions in-house. Transitioning away from a PEO is a complex process, but with careful planning, it doesn’t have to be overwhelming. Here’s what you need to know about planning your PEO transition, with a handy checklist to ensure a smooth exit strategy.

Running a business across multiple states can be challenging. One important responsibility is to appoint a registered agent for each state where your company operates. A registered agent is a person or company that receives legal documents and official correspondence on behalf of your business. Your agent is responsible for important or sensitive documents like tax forms, lawsuits, and government notices. Maintaining compliance can require some juggling, especially when managing multiple agents and keeping track of important paperwork.

In recent years, a growing number of states in the U.S. have implemented laws requiring private businesses to offer retirement savings plans to their employees. This has created a new set of responsibilities for businesses that don’t already have retirement options. Those that fail to comply with these new laws may face penalties. State-mandated retirement plans aim to address a retirement savings crisis in which millions of workers have no access to workplace retirement plans.

Starting a business is exciting, but as soon as you incorporate it, you must follow some critical steps to stay compliant. One of the most important things to do is understand your startup’s business tax obligations. It’s not the most thrilling part of running a company, but getting it right early on can save you headaches — and money — down the road. What corporate taxes does a newly incorporated startup have to worry about?

Elections are upon us and you may be wondering if your company is required to give its employees paid time off for voting. Like many other business compliance requirements, laws vary by state and even locality. The same is true for voting leave laws. While there is no federal law that requires organizations to provide time off for voting, many state and local jurisdictions require it. Sometimes this also includes providing time off to act as an election official at a voting poll.