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If you are an employer with federal government contracts, prepare to pay your employees a higher minimum wage on new contracts soon. President Barack Obama announced in a Jan. 28 White House fact sheet that he intends to issue an executive order in coming weeks requiring employers to pay contract workers at least $10.10 an hour, so price your future bids accordingly and anticipate additional guidance to ensure compliance.

Ready or not, millennials are storming the workforce, most with a hunger to make it to the front lines and quickly. By 2020, they will make up almost half of workers nationwide. While arguably overeager, millennials aren’t a generation to overlook. Rather than dismissing these estimated 80 million Americans for weaknesses real or perceived, employers should consider leveraging their strengths in addition to developing those deficits.

W-2 is a document that shows the details of what you paid your employees, gross wages, withheld taxes, and other withholdings.

Following the introduction of the Affordable Care Act (ACA), one question that may linger on employers’ minds is this: “How will this reform affect COBRA?” With the ACA’s health care reform, the business of employee benefits is even more complicated, yet almost all employer groups are required to comply. COBRA – aka the Consolidated Omnibus Budget Reconciliation Act – especially applies to private-sector companies offering group health care to 20 or more employees. If mishandled, COBRA can strike and the repercussions could be detrimental to your business.

Times are changing, especially in the case of one of America’s staple tax credits, known as the Work Opportunity Tax Credit (WOTC). Since its inception in 1983 under a variety of different titles and officially pegged as WOTC in 1996, the federal tax credit has been modified and extended numerous times, including going on hiatus. Its last break was from Jan. 2, 2012, to Jan. 2, 2013, but it has expired yet again as we start 2014.

For many people losing weight tops the lists of resolutions, but it isn’t the only solution to improving your well-being. Start the New Year right by shaving a few pounds off your work load rather than just your waist.  With tax season right around the corner, now is the perfect time to get all your […]