At FocusPay Solutions, we are committed to providing you with quality service and solutions that help simplify your process, allowing you to......run your business.

Here you will find regular tips to help your organization be a more productive and efficient workplace.

Table of Content

1. Should Your Business Offer the New Emergency Savings Accounts to Employees?
2. Consider the Best Payroll Method
3. New Independent Contractor Rules: Do They Affect Your Employees?

Should Your Business Offer the New Emergency Savings Accounts to Employees?

As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings account (PLESA), and the provision authorizing it became effective for plan years beginning January 1, 2024. The IRS recently released guidance about the accounts (in Notice 2024-22), and the U.S. Department of Labor (DOL) published some frequently asked questions to help employers, plan sponsors, participants, and others understand them. Continue reading.

Consider the Best Payroll Method

The ways to pay employees — especially as money continues moving into the digital sphere — have proliferated. You have options. Choose the one that best fits your business. You may want to peruse the different methods to see which makes the most sense for your business in terms of costs and employer responsibilities. Continue reading.

New Independent Contractor Rules: Do They Affect Your Employees?