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Innovative Business Solutions Blog

The Benefit of Feeling Valued During Open Enrollment

Spring is the perfect time to do some preplanning on work projects. A good place to start is your next open enrollment. Many HR professionals dread enrollment season, viewing it as an administrative headache. Use this time and your experience to make this year’s enrollment a breeze. Make it as smooth as possible for your team, your Broker, your Carriers and especially for your employees. By having the enrollment be easy on the user end, your employees will feel valued, knowing that the company made the effort to make the process seamless. (more…)...

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Performance Reviews – Worth It?

Many employers view performance reviews as a pain. They seem unproductive or don’t achieve the goals for which they were designed. It can also be a stressful and unpleasant experience for both managers and employees. Managers struggle to find time to create meaningful content for each employee, while employees may not absorb managers’ feedback because they are anxious about how the review impacts their compensation. This begs the question, are performance reviews still worthwhile? (more…)...

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Revised Form I-9— Begin Using By January 22, 2017

As of January 22, 2017, employers must begin using the most recent revised version of the Form I-9 (Employment Eligibility Verification Form). You can find it here. The edition date of the latest version is 11/14/2016 and will be the only accepted version; all previous versions will become invalid after January 21, 2017. You can locate the edition date on the bottom left hand corner of the form itself. The current version has an expiration date of August 31st, 2019. (more…)...

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Update to the Federal Overtime Law: Final Rule Not So Final

On November 22nd a Texas federal judge blocked the Fair Labor Standards Act's (FLSA) revised overtime rule that would raise the required annual salary threshold for overtime exemption from $23,660 to $47,476.   (more…)...

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How Are You Prepping for ACA?

The Affordable Care Act reporting deadline is approaching and as far we know, there will be no extensions on filing deadlines for year 2016. How are you preparing? ACA reporting can seem overwhelming and daunting, however there are a few best practices your company can implement to create a manageable and straightforward process. (more…)...

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The Final Rule: Federal Overtime Law

On May 18, 2016, the United States Department of Labor published a Final Rule regarding updates to the Federal Overtime Rule under the Fair Labor Standards Act (FLSA). This is as a result of President Obama’s direction in 2014 for the Department to update these regulations. (more…)...

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CA Minimum Wage Increases

Beginning in 2016 and increasing incrementally, the California Minimum Wage will increase from $10 an hour to $15 an hour by the year 2022 for employers with more than 25 employees.   Employers with 25 or  less employees will have an extra year, until 2023, before being required to reach this level. (more…)...

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2016 FUTA Credit Reduction Act

2016 FUTA Credit Reduction Act The FUTA Credit Reduction Tax rate has increased to 1.8% in 2016 for taxable FUTA wages.  What is this additional tax?  (more…)...

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Exciting News! Check out the new “myRA” from the US Department of the Treasury

The US Department of the Treasury is now offering a Roth IRA called “myRa.” (My Retirement Account)  This unique investment vehicle is an excellent opportunity for employees to save for their retirement, especially if an employer is not currently offering a retirement plan.  It is also good for employees who do not qualify for the company retirement plan. (more…)...

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CA New Mandatory Paid Sick Leave Law

Have you heard about California’s New Mandatory Paid Sick Leave Law?   Here at Innovative Business Solutions we are receiving payroll calls asking about the Who, What, When and How’s of this change.  The who is any company with one or more employees (with a few exceptions).  (more…)...

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