Our new HR app is here to connect you and employees like never before. Employee onboarding software, ATS, I-9s, company intranet, and all of the features you need are now a tap away. Just add smartphone.
The IRS has recently updated its Form W-4 in response to the tax code adjustments that were passed into law last year. The changes should make it easier for businesses and their employees to report on new hire start dates.
As an HR Cloud customer, you may be wondering how these changes will affect your company and the way you file taxes moving forward. Rest assured that HR Cloud is fully compliant with the updated form and filling them out will be as streamlined as ever!
In this article, we'll discuss the various changes you can expect to see on the new W-4 form.
Hiring reliable freelancers, also known as 1099 employees and independent contractors (ICs), is quickly becoming the new normal for many companies in a variety of industries. In fact, you've probably hired a freelancer or two in the past yourself — or at least considered it.
But in order to build a solid foundation with members of this growing workforce and utilize them to their full potential, your company must learn to onboard them properly.
This quick guide is designed to be a comprehensive overview of how 1099 employees differ from full-time employees and how to conduct the onboarding process effectively. Let's get started.
Life can be sweet when amazing things go naturally together. Once you’ve enjoyed them, you can’t imagine living without them. Think about it for a minute.
Bread and butter. Coffee and cream. Bacon and eggs.
Simon and Garfunkel.
You can’t enjoy one without also wanting the other.
We recently discovered two more amazing things that go together. They go together so well, in fact, every employer should at least give them a try. I’m talking about the Work Opportunity Tax Credit (aka WOTC, pronounced Watt-See) and paperless onboarding for new employees. They are a perfect match. They sing in perfect harmony. Let me tell you why.
Every company is different - the products you sell, the customers you help and the workflows you use are all uniquely your own. But, no matter what type of business you run, the U.S. government still requires you to verify the employment eligibility of each team member within your organization. If you don’t, you could face hefty fines of up to $1,000 or more per employee.
HR admins are well acquainted with this fact. And they know first-hand the amount of work required to stay compliant via the traditional paper-based systems many businesses still use. From chasing down new employees and making sure they fill out their I-9 documents, to storing countless sheets of paper in overstuffed filing cabinets, the work is tedious, time consuming and prone to error.
Fortunately, HR Cloud has the digital solution to simplify the entire process.
Ever feel like you’re overpaying on your company’s federal income taxes? Well, you just might be… The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to businesses who employ people from specific target groups and could be worth up to hundreds of thousands of dollars annually.
Research indicates that 10% - 20% of an average company’s workforce would have been eligible for the WOTC program without employers making any changes to personnel or their recruitment process. Meaning, if you’re not currently taking advantage of the WOTC, you’re leaving money on the table.
Read on to discover more about the WOTC and if it can benefit your company.