Compliance guides and resources

The Affordable Care Act (ACA), commonly known as Obamacare, transformed the American healthcare scene. It introduced key provisions like the individual mandate (requiring most Americans to have health insurance) and the employer mandate. The employer mandate applies to businesses with 50 or more full-time equivalent employees, also known as Applicable Large Employers (ALEs). It requires ALEs to offer minimum essential coverage to their full-time workforce or face potential penalties from the Internal Revenue Service (IRS).

Whether you’re a solopreneur launching a new venture or managing a growing company, you’ll likely encounter various licenses throughout your business journey. These licenses can come from all levels of government — federal, state, and sometimes even your city or county. They might be broad, such as a general business license, or highly specific to your industry, like a liquor license or a contractor’s license. Understanding which licenses apply to your business, how long a business license lasts, when to renew them, and how to manage the process is essential to operate efficiently.

Workers’ compensation laws are there to protect both businesses and their employees. Knowing the laws is essential, whether you’re an employer ensuring coverage for your team or an employee who wants to know your rights in case of a workplace injury or illness. It’s important to note that these laws differ significantly from state to state and can change over time. Failing to stay compliant could bring severe financial and legal consequences for your business.

Harassment has no place in any business, and the damage it can cause is far-reaching in the workplace. But what is harassment, and why should every company invest in training? In the simplest terms, harassment is unwelcome conduct based on protected characteristics, such as: Race Gender Religion Disability While it can consist of overt actions like physical assault or slurs, it can also include subtle behaviors like off-color jokes, exclusion, or unwanted advances.

Overtime pay is a fundamental element of labor law, ensuring that employees are fairly compensated when they work beyond their standard 40 hours a week. It’s designed to protect workers from overwork and to encourage employers to hire additional staff if needed rather than relying on excessive hours from existing employees. Starting in 2024, the Department of Labor (DOL) is implementing significant updates to the overtime rule, potentially impacting millions of employees and the businesses that employ them.

Compliance training is how companies educate their teams on the laws, regulations, and internal policies that shape how they operate. These requirements change often, and keeping up with them isn’t simply a matter of avoiding fines or penalties. You need to protect your business’s reputation and ensure a safe and ethical work environment for everyone. The rules and regulations businesses need to follow often vary by industry, region, and even company size.

Payroll taxes are a fact of life for any business with employees. As an employer, you’re responsible for withholding the right amounts from employee paychecks and sending those funds to the appropriate tax authorities. Annual withholding reconciliation is the process where you compare all those withheld taxes with the amounts you’ve actually submitted throughout the year. This final step ensures you’re square with the government and your employees receive accurate tax documents.

As a business owner, you’re responsible for keeping track of many key compliance issues. Each type of report has different requirements and due dates. The Quarterly Wage and Tax Report is an essential compliance matter that significantly impacts your ability to run your business. Filing a quarterly wage report, meeting unemployment tax requirements, and making a regular quarterly contribution to every mandatory tax account can be challenging, but Mosey is here to make things easier.

Businesses need to know that they can trust their data with another business. There’s a lot of liability in the process of data sharing, and taking a bad risk can cost a business a lot of money and reputational damage. SOC 2 certifications are an easy way to prove that a business can trust you (or vice versa) with valuable information. There are two types of SOC 2 certifications. Before you make a strategic partnership for your business, here’s what you need to know about the difference between SOC 2 Type 1 and SOC 2 Type 2 certifications.

Payroll might seem like a straightforward process for business owners: Calculate hours, apply pay rates, factor in deductions. However, behind the scenes, proper payroll management involves thorough recordkeeping. It’s what keeps your business compliance up to date and protected. Think of those records as your shield against the dreaded IRS audit. Painstaking recordkeeping demonstrates your commitment to running a responsible business. Plus, federal laws (like the FLSA) and an assortment of state requirements dictate how long you need to hold on to specific payroll documents.