Head’s Up: Mandatory EEOC Report Due Soon
Being a business owner often means filling out forms, and the IRS and Department of Labor aren’t the only government entities you have to work with. The Equal Employment Opportunity Commission wants information too — from companies with more than 100 employees. (Lower thresholds may apply to government contractors.) Businesses must provide details about the […]
Noncompete Agreements To Be Outlawed — Maybe
On April 23, 2024, the Federal Trade Commission issued a final rule banning virtually all noncompete agreements. It takes effect 120 days after publication in the Federal Register, which probably means an effective date sometime around the end of August. The rule prohibits employers from enforcing noncompetes with workers other than senior executives as of […]
Earned Wage Access: What’s the Story?
On the surface, earned wage access is a simple, effective employee benefit; for a small fee — typically less than $5.00 per transaction — employees can access a portion of their paycheck before their actual payday. Many workers have minimal savings in the event of an emergency, and EWA can be a far less expensive […]
IRS Releases Adjustment HSA Amounts for 2025
In Rev. Proc. 2024-25, the IRS made changes for health savings accounts for 2025. The maximum annual HSA contribution is: $4,300 for an eligible individual with self-only coverage. $8,550 for family coverage. HSAs are used on conjunction with a High Deductible Health Plan. The 2025 maximum annual out-of-pocket amount for HDHP self-only coverage is $8,300. […]
Ransomware Is Targeting Small Businesses
During the pandemic, data breaches disproportionately affected smaller companies; they were targeted at twice the rate of larger businesses. Since the pandemic, those same smaller companies have been struggling with COVID-19 fallout ranging from supply and labor shortages to bouts of inflation. All those preoccupations have left them more vulnerable to ransomware attacks. Enemy at […]