Paid and Unpaid Breaks: What Employers Need To Know
Employees often engage in work-related tasks outside their regular schedules — answering client calls after hours, checking emails over the weekend or eating lunch at their desks while working. Under the Fair Labor Standards Act, these activities are considered paid work time. Employers must track and compensate all hours worked, whether performed at the workplace […]
The Importance of Company Audits
Audits play a crucial role in providing transparency for clients and fostering confidence in a company’s financial reporting. An audit is particularly reassuring in uncertain business environments. At their core, audits are designed to assess whether a company’s financial statements are materially accurate and fairly reflect its financial position in accordance with applicable accounting standards. […]
Payroll Myths Exploded
Are there any misconceptions that you’ve had about payroll? Did you end up finding out the reality of the situation after experiencing a series of unfortunate events? Hopefully, your answer is no, but whether you have been duped by nonfactual information or not, staying informed is the key to protecting yourself. So, keep reading for […]
Know the Rules for Reimbursing Employees
Businesses can reimburse employees for eligible out-of-pocket, work-related expenses through either an accountable or a nonaccountable employee reimbursement plan. The key difference lies in how the payments are treated for tax purposes. In an accountable plan, employers can reimburse employees for business expenses without classifying the payment as taxable income. Conversely, under a nonaccountable plan, reimbursements are treated as […]
Avoid Incomplete or Disorganized Records
Every employer covered by the Fair Labor Standards Act must keep records for each covered nonexempt worker. There’s no required form, but the records must include accurate data about the employee and hours worked plus wages earned. Once you’ve complied on a federal level, thoroughly research your state-specific requirements for each location you operate in. […]
What Is a Pay Equity Review?
Pay equity assessments or audits ensure that all employees receive proper compensation regardless of age, race, gender or disability status. The assessments create a workplace where employees can reach their full earning potential. Further, they show that the company understands that pay inequity increases wealth disparities in such areas as generational wealth and home ownership. […]
Should You Offer Employees a Payroll Card?
Payroll cards are cheaper for employers and can be more convenient for employees. However, some cards charge high fees to withdraw money and access account balances. The right payroll card might be a good solution, but it can’t be the only solution you provide. Some employees, especially hourly workers, don’t have a checking account and […]
BOI Reporting Obligations Reinstated – And Then Removed Again
The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is the agency that enforces the Corporate Transparency Act (CTA). Earlier in 2025, FinCEN sent out a notice indicating a new deadline of March 21 for small businesses to comply with its beneficial ownership information (BOI) reporting requirement. But on March 21, it announced that it was […]
Arkansas Becomes Sixth State to Enact Law Regulating Earned Wage Access Services
Arkansas has become the sixth state (and the first in 2025) to enact a law that establishes a financial services oversight regime for earned wage access services, also known as on-demand pay services, which allow workers to access earned but unpaid income before payday. The bill (HB 1517) became Act 347 upon the governor’s approval […]