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HR Management

5 Ways Your Business Can Reflect its Diversity Online

Many companies are becoming aware of how painfully little internal diversity they have within their walls. That is why it’s more important than ever for businesses that exemplify diversity to reflect it in their online communications. We’ll show you five ways to signal to your customers that you value different cultures and backgrounds. Remember that Diversity Starts Internally If you’re going to run advertisements that feature Black or Latinx people, then you should have them behind the camera, too. That means you should have people of color (POC) in your company or at least in the capacity of consultants when

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Miniature people: Old couple figure standing on top of coin stack.
Benefits

What is The Mega Backdoor Roth IRA?

Saving money for retirement is something every person in the current workforce should consider. After all, having a retirement fund can be the difference between living comfortably and struggling to get by. An IRA, 401k, and other accounts can help you put money aside for your golden years. However, what if your situation is unique? Optimizing retirement funds and catching up on savings are common desires for people looking to achieve financial security. Let’s look at how a Mega Backdoor Roth IRA can impact your situation. Explaining a Traditional, Roth, and 401k Account Before we get too involved with the

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United States Congress has passed the stimulus relief package for the impact of coronavirus, Americans are nearing the time for the IRS to send out their stimulus checks or make direct deposit
Compensation

Can I take funds out of my pension plan due to COVID?

Section 2202 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, provides special distribution options and rollover rules for retirement plans and IRAs and expands permissible loans from certain retirement plans. General Information Partial Termination of a Qualified Retirement Plan Under Section 209 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 General Information Q1. What are the special rules for retirement plans and IRAs in section 2202 of the CARES Act? A1. In general, section 2202 of the CARES Act provides for expanded distribution options and favorable tax treatment for

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Healthcare cure concept with a hand in blue medical gloves holding Coronavirus, Covid 19 virus, vaccine vial
HR Management

Can Employers Ask You If You’re Vaccinated?

COVID-19 sent workplaces reeling with lockdowns, outbreaks, and layoffs. Now that vaccinations are being distributed, the CDC has relaxed the COVID-19 safety guidelines for fully vaccinated individuals. The CDC guidance and some state mandates say that vaccinated people can stop wearing masks and following social distancing precautions. The problem for employers is finding out who is vaccinated and who is not to protect their business, workers, and customers. What’s Changed? The latest CDC guidance on the pandemic states that people who have been fully vaccinated can resume activities as they did before the pandemic without masks and with no need

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Benefits

Extracting the PEO Relationship

When an employer elects to leave the PEO relationship, they will notice changes in the way they process many items. Many of these changes will revolve around the firm becoming an employer of record once again. In the Co-Employment relationship, the PEO is the “employer of record” and the “administrative employer”, even though the firm as the “worksite employer” continues to run its business on a daily basis (i.e. hiring, firing, operational decisions). The transition back to the employer of record again may also affect the employees from a tax & benefits perspective as well as the firm. Part A:

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