HR{preneur}® by ADP®

5 HR myths … busted

Employers must comply with an expanding universe of federal, state and local laws affecting how they hire, pay, treat and terminate employees. Staying in compliance with these laws can be a challenge on its own, let alone when myths about how to comply creep up. If followed, these myths can lead employers down the wrong path and result in sanctions, a damaged reputation, and more negative consequences. In this podcast, we’ll debunk five myths that employers may encounter, and help you know the facts.
[1:00] Exemption from overtime
[4:02] Independent contractors
{5:24] Unauthorized overtime
[6:09] Sexual harassment training
[8:42] Final pay
Copyright © 2023 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. This material is current as of the date of this episode (February 2023).

Top tax questions to ask your CPA now

As we approach the 2023 tax deadline, you may be wondering what has changed from last year’s tax preparation. Or, if you’re a new entrepreneur, you may not know what to expect for your first tax season. For many business owners, the fear of making a mistake, not knowing about new rules and regulations, or even potentially leaving money on the table are some of their top concerns. In this episode, we’re joined by Tina McGill, CPA, and we’ll give you the “must ask” questions for your accountant.
[1:33] What’s the first question a business owner should ask their accountant?
[2:29] Information businesses can provide up front to help ease the filing process
[3:39] Considerations around tax laws from the last few years, like the Employee Retention Credit
[4:20] How small businesses can help improve their tax position in 2023 and beyond
[5:04] Financial advice for small business owners to help them address some of their top challenges
[6:44] Best practices businesses can follow with their CPA to get the most value from their relationship
Copyright © 2023 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. This material is current as of the date of this episode (February 2023).
 

What you need to know about wage transparency laws

Laws addressing wage transparency are rapidly increasing and are one of the biggest trends to watch in 2023. They are being driven by an effort to help ensure pay equity. Some of these laws attempt to do so by prohibiting employers from banning discussions about pay or prohibiting employers from asking about an applicant’s pay history. Others go a step further by requiring employers to provide pay range information to applicants and employees. In this episode, we discuss what employers need to know about these laws. 
• [0:46] Background and purpose of wage transparency laws• [1:54] Laws that prohibit wage secrecy policies• {2:59] Laws that prohibit inquiries about pay history• [3:36] Laws requiring disclosure of pay ranges• [4:02] Changes that took effect January 1, 2023
 
Copyright © 2023 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. This material is current as of the date of this episode (January 2023).

Financial health planning for small business owners

As we commence the new year, we know financial planning will continue to be important to every business. But how do you assess your financial health as a small business owner to plan for the year ahead? Today’s episode is a special segment HR{preneur} is bringing to you to highlight this area. Listen in as we are joined by a lead business execution consultant at Wells Fargo Bank and explore this topic.
[2:32] What does financial health mean for small business owners?
[3:27] Lessons learned about planning from the last three years
[4:46] Financial indicators that can help determine business health
[5:50] How can a bank help a small business owner navigate financial health?
[8:30] Guidance on measuring business goals and determining key results
[9:23] What’s the difference between financial health and credit health?
Copyright © 2023 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Wells Fargo makes no warranties as to accuracy or completeness of information, including but not limited to information provided by third parties; does not endorse any non-Wells Fargo companies, products, or services described here; and takes no liability for your use of this information. Information and suggestions regarding business risk management and safeguards do not necessarily represent Wells Fargo’s business practices or experience. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. Please contact your own legal, tax, or financial advisors regarding your specific business needs before taking any action based upon this information. This material is current as of the date of this episode (January 2023).

Helpful hints for successfully navigating end-of-year tasks

Closing out the business year requires a lot of work. Among other things, you may have year-end bonuses to provide, W-2s to deliver, and annual notices to furnish. In this episode, we'll provide guidance to help you successfully navigate your end-of-year responsibilities.
[0:41] End-of-year bonuses and what employers should keep in mind
[3:22] What are the tax implications of bonuses that employers should consider?
[4:18] W-2s, timelines, and how to handle paper and electronic versions
[6:41] Other required tax notices, like EITC, and key things to know
 
Copyright © 2022 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. This material is current as of the date of this episode (December 2022).