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 as a traditional IRA that lets employer contributions be vested immediately. Read more
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. Read more
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.) Employers can specify which holidays employees can take off. It’s the same for vacation: There’s no federal requirement, but smart employers grant paid vacation, and sick days too. Read more
Payday – it’s always a good day for your employees. Money in hand means bills can be paid, groceries purchased, school supplies brought home for the kids, and maybe even a little extra left over for dining out. But let’s be honest: payday is only payday if the checks arrive on time and are made in the correct amount. At LCAF Payroll, we know you care about getting payday right just as much as your employees do, so we’re here to make that happen. Read more
Wage garnishment—it’s never a pleasant subject. When business owners are asked by the courts to garnish an employee’s wages, they must comply; but compliance can cause workplace stress and conflict with the affected employee. Most business owners would rather not think about such predicaments, let alone participate in them. But the reality is clear: the stress and distraction of wage garnishment cases happen to most business owners, and you are better off knowing what to expect ahead of time. Read more
If you’re looking for a unique payroll solution customized to your business’s precise needs, then you’ve come to the right place. LCAF Payroll offers expert payroll services for companies of all sizes in a variety of industries. By powering our systems with best-in-class technologies, providing a user-friendly front end software experience, and offering affordable packages catered to your business, LCAF Payroll stands as one of the most payroll firms available. Read more
At LCAF Payroll, we pride ourselves on providing quality payroll services that deliver. We are here to make the payroll process a breeze for our clients by offering a variety of self- and full-service payroll options. Read more
At any time during the year a businesses might be required to update their labor law notices. These mandatory postings include the OSHA Posting, Federal Minimum Wage, FMLA, USERRA and various state specific notices and could result in hefty fines and lawsuits if not properly updates. Here’s what you need to know about labor law poster compliance.
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