ASAP Payroll BLOG
What the New Federal Overtime Rule Means for Indiana Employers
To manage your payroll and accounting books effectively, you need to have a good understanding of all the nuances of local and federal laws and how these regulations impact your employees’ pay rates. Businesses not only have to abide by all the federal regulations, but local state restrictions and laws as well. The Department of ...
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Effective Strategies for Managing Overtime Costs in Small Businesses
The Department of Labor defines overtime as exceeding 40 hours per week, with employees subject to overtime regulations earning 1.5 times their normal wage. The threshold for employees subject to overtime rates as of July 1, 2024, is $43,888 per year ($844 per week) and will be $58,656 per year ($1,128 per week) on January ...
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Maximizing Employee Satisfaction with Flexible Spending and Health Savings Accounts
Companies have to get more creative and aggressive in today’s job market to attract and retain talent. Flexible spending accounts (FSAs) and health savings accounts (HSAs) are two ways to stay competitive when it comes to this challenge. The great news is that these types of benefits offer tax advantages to both employers and employees, ...
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Simplifying Benefits Administration: Managed Benefits Services for Small Businesses
The benefit packages that your small business offers are one way to maintain a competitive advantage so you can attract and retain better talent. Managed benefits services are a way to expand your offerings to employees. Benefits outsourcing will help you streamline the administration of benefits, reduce the burden on your HR staff, and ensure ...
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Navigating COBRA Compliance: How Managed Benefit Services Can Help Your Small Business
Health insurance is considered a crucial benefit of permanent employment in the United States. Although not all employers are required to provide insurance to their employees, it is a significant incentive for attracting and retaining employees. However, there are situations when employees lose their coverage, and organizations are required to offer temporary continuation of health ...
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Creating a Culture of Continuous Learning: How Small Indiana Businesses Can Leverage LMS Tools
There are several challenges when it comes to employee retention and morale. Salary and benefits are just one piece of the puzzle, as is workplace culture. How do you foster a continuous learning culture, one that values ongoing growth and investment in your employees? A learning management system, or LMS, is the “secret sauce” small ...
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Here Is an Easy Way to Calculating Payroll Costs for Your Employees
Employees have to get paid for the work they do. It is the employer’s responsibility
4 Common Payroll Scams and How to Avoid Them
Your business, whether large or small, isn’t immune to payroll scams. These tricks siphon funds
Should You Outsource Your Payroll?
Whether you hire new employees or retain existing ones, it’s critical that you make
Creating a Culture of Continuous Learning: How Small Indiana Businesses Can Leverage LMS Tools
There are several challenges when it comes to employee retention and morale. Salary and benefits
How to Leverage the Value of Employee Self-Service Portals
HR teams –your business needs them to function seamlessly. But too often, they spend most
