Entries by LCAF

What to Do After the Hurricane

Those pictures you see from Hurricanes Harvey and Irma – ordinary people out there in waist-high water, rescuing both their neighbors and strangers, coming from other states and other counties – demonstrate yet again not only the resilience of Americans but our decency in reaching out to others without a thought to personal safety.

Know the Tax Rules for Part-time or Seasonal Help

As an employer, you normally have to file a quarterly Form 941 to report your employees’ wages and withholding. Each quarter, if you pay wages subject to income tax withholding (including withholding on sick pay and supplemental unemployment benefits) or Social Security and Medicare taxes, you must file a Form 941, although there are some […]

The Adaptable SEP IRA: How It Can Work for You

A Simplified Employee Pension IRA was designed to encourage retirement benefits in businesses that would otherwise not set up employer-sponsored plans. Sole proprietors, partnerships, and corporations — even S corporations — can establish SEPs. SEP IRAs can receive employer contributions but with a higher annual contribution limit than standard IRAs. Think of a SEP IRA […]

Take a Look at the New HSA Plan Limits

For 2018, individuals can contribute up to $3,450, up from $3,400 in 2017, while family contributions are up to $6,900, up from $6,750 in 2017. The maximum out-of-pocket figures are up too: $6,650 for single coverage, up from $6,550 in 2017, and $13,300 for family coverage, up from $13,100 in 2017.

How LCAF Payroll Can Help You Handle Loan Advances

Unexpected life expenses happen to us all. Whether it’s a medical bill, car issues or some other legitimate expense, these unforeseen bills can be stressful and difficult for any employee to take care of. When employees are put in this position, it helps if their employer can assist with loan advances.

How to Approach Paid Time Off

Time-off benefits can be a very valuable part of any employee benefits package. While employers aren’t legally required by federal law to give employees days off for federal or state holidays, it’s a smart way to retain employees and to provide job satisfaction. (There may be state laws that affect time off, however–check local laws.) […]

Things to Know About Employee Direct Deposit

Day in and day out, your employees live busy lives. They juggle competing responsibilities that quickly fill up their calendars and eat away at their time. Any way that business owners can help lighten their load will go a long way to garner the employees’ appreciation. Perhaps the easiest means of accomplishing this comes in […]