Returning Value Blog

The Internal Revenue Service has announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid refund litigation.

High-performing workplaces such as Google, IBM, Nissan, and Starbucks are among a growing list of organizations that have benefited from having their employees participate in stay interviews. Traditionally, most companies conduct only two interviews: the hiring interview and the exit interview. By the time a company is ready to complete an exit interview, it's too late to address any of the employees' concerns that might have prevented them from looking outside the firm for a job.

 Many businesses offer health care and dependent care flexible spending accounts (FSAs) as part of their employee benefits package. These plans provide valuable tax savings to employees and payroll tax savings to employers.

According to the Bureau of Labor Statistics, more than one-third of American workers performed some or all of their work from home. There is no question that remote work will continue to be an option for many. With that said, it is important for organizations that offer this to have a firm policy in place. If companies have learned anything from the pandemic, it is that they need to be prepared for the unexpected. Employees need to be able to conduct business wherever they may be.

Perks are an important part of an employee's work experience. While employees expect to receive a paycheck at the end of the pay period, it's the extras that give working at your company a competitive edge. It might interest you to know that 7 out of 10 employees would be willing to leave their current job for better benefits somewhere else. 

Life has a way of throwing curveballs at us that require time away from work to resolve them. Running a personal errand, taking a sick family member to a doctor's appointment, or attending a child's parent-teacher conference are some examples of when having paid time off to be used at your own discretion is greatly valued. Employees no longer need to categorize their absence; all time away from work comes from the same single source.

In the hiring process, you must ensure that every individual you plan to employ is authorized to accept employment in the U.S. Some individuals are automatically authorized to work based on their immigration status, while others must apply for separate employment authorization.

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.

Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships, and even legal consequences. Below are six quick tips to help you stay on track.