If your company is like most organizations, change takes time. And, changes in HR are even more difficult to make because often the decisions affect all employees and are not seen as time critical. In fact, January 1st is the best time to implement updates and changes to your HR…
Employment Practices Liability Insurance (EPLI) is a business insurance that many owners are not aware of or have not realized the value of such coverage to their business. When it can cost you $100,000 or more to defend a claim – even if you win! – this coverage can be…
2010 is the first year that high-income earners can convert a traditional IRA to a Roth IRA. They can also spread the tax liability for the conversion over the next two years. What this means is that now anyone can invest in a Roth IRA regardless of income limits. There…
The employee’s regular rate of pay is the basis for calculating overtime. The regular rate is not simply an employee’s normal hourly amount. The regular rate is a term used to mean the employee’s actual rate of pay once all hourly earnings plus many other types of compensation are considered.…
Did you ever think an HR Professional would tell you not to do performance appraisals? While these are considered an essential part of human resources “best practices”, your YPP HR Professionals would actually prefer you not do them at all if you are not going to do them right. We…
How confident are you that your Exempt employees and Independent Contractors can withstand scrutiny by the Department of Labor? We hear many employers say they’re very confident, only to see that confidence diminish rapidly when they have to actually verify it. We’ve done several articles about the dangers of misclassification. …
You’ve probably heard about the California Space Center Project championed by the California Space Authority, a long-time YPP client. They have great news in procuring the property lease from the Air Force for the 71 acre lot just outside the gates at Vandenberg AFB. This giant step forward means this project…
Questions and Answers regarding the Small Business Health Tax Credit How does a business determine if they are eligible for the Small Business Tax Credit? Answer: It is a lot more complicated than just counting noses. There is first a formula that a client must use to determine whether they…
The provisions of the new healthcare reform law take effect over several years. The following is a summary of the most important provisions of the Patient Protection and Affordable Care Act (PPACA) as amended by the Health Care and Education Reconciliation Act of 2010 (HCERA) arranged by the year during…
The Hiring Incentives to Restore Employment (HIRE) Act (H.R. 2847) has two major job creation incentives that are outlined below. The following are key elements: Payroll Tax Forgiveness- The 6.2% OASDI Social Security tax liability is lifted for “qualified employees” for any 2010 period starting after enactment of the legislation.…
