Updated on 5/24/24 Maintain accurate records; keep track of your company’s finances, bookkeeping, payroll, management accounting, taxes, accounts receivable, accounts payable and financial reporting. Follow up on debts and compliance. Phew! What a relief it is to have expert outsourced accounting services near you to turn to for managing these essential functions. Are you looking … Read more
Updated on 5/17/24 The Deadline to Pay PCORI Fees is Monday, July 31, 2024. The Patient-Centered Outcomes Research Institute (PCORI) is an independent, non-profit organization established by the United States Congress. Its primary goal is to conduct research that informs healthcare decisions and helps patients, caregivers, and healthcare providers make more informed choices. PCORI funds … Read more
Updated on 5/17/24 In today’s fast-paced business world, every organization is constantly searching for ways to increase efficiency and productivity. One of the most important ways to do this is to ensure that new employees are successfully onboarded. Effective onboarding is crucial for the success of both the employee and the organization, and it should … Read more
Maryland has become the latest in a growing list of states to adopt pay transparency requirements, with our governor recently signing the Maryland Wage Range Transparency Act into law. The revised legislation brings substantial changes to the Equal Pay for Equal Work Law. Under the new law, all employers, regardless of their size, are mandated … Read more
The Maryland General Assembly recently passed a bill making some changes to the Time to Care Act (the law that set the stage for Maryland’s Family and Medical Leave Insurance (FAMLI) system). The contribution period for the State Plan will now begin July 1, 2025. Benefits will now be available starting July 1, 2026 Shifting … Read more
While the landscape for businesses looks a little wobbly lately, with a post-COVID recession looming and an uncertain stock market, one bright spot in an otherwise dark economy is record low unemployment. Job seekers are more discerning than ever, and hiring managers have to step up their game to keep up with unprecedented challenges. Today’s … Read more
Since the start of the COVID-19 pandemic, many aspects of business have changed, including (in some sectors) the increasing availability of private equity, the burgeoning use of AI, the ongoing difficulties in finding talented personnel and the shifting of generational goals and ideals. There are many ways that businesses can respond. One way is to … Read more
Employee stock ownership plans have been in the headlines recently, but they have been around for decades. ESOPs are qualified defined contribution plans in the form of stock bonus plans or stock purchase/money purchase plans. They are governed by Internal Revenue Code Section 401(a) and the Employee Retirement Income Security Act, also known as ERISA. … Read more
Worker productivity has been in the headlines recently. One reason is the easy access employers have to the many technologies that can monitor employees — from software that tracks when an employee swipes their badge at work to software that notes how long someone is at their computer and what they do while they are … Read more
