Business Resource

Unemployment Taxes for Florida Employers Decrease in 2015

In 2015, Florida employers will see a decrease in their state unemployment taxes (now referred to as reemployment taxes). Previously Now Minimum Tax Rate: $30 per employee/per year $16.80 per employee/per year Maximum Tax Rate: $432 per employee/per year $378 per employee/per year Employers that have an experience-based tax rate that falls somewhere between the minimum and maximum tax rates should also see similar decreases. The Wage base for each employee will also be decreasing for 2015. Employers will now…

2014 United Way Golf Tournament

The United Way of Manatee County has worked hard to create positive change in our community by providing the services and programs that allow the citizens of Manatee County the chance to better their lives. We are proud to support that vision and we had a great time doing so in this year's United Way Golf Tournament!

UNEMPLOYMENT TAXES DUE 10/31/14

REMINDER:  UNEMPLOYMENT TAXES DUE BY OCTOBER 31ST The Florida unemployment compensation tax (now called “reemployment tax”) for the third quarter of 2014 (for payroll paid during the months of July, August and September) is due to the state of Florida by October 31st, along with the Employer’s Quarterly Report (RT-6).  All Florida businesses with employees are responsible for paying this tax (with very limited exceptions). The Employer’s Quarterly Report used to be called the UCT-6 but is now known as…

GCBX 2nd Annual Chili Cook-Off

iBusinessSolutions was the proud sponsor of the GCBX 2nd Annual Chili Cook-Off. It was the perfect opportunity to support and connect with our local businesses! Though we didn't win, our team's Texas Style Chili was a hit! We can't wait to do it bigger and better next year!

SALES TAX HOLIDAY FOR HURRICANE PREPAREDNESS

SALES TAX HOLIDAY FOR HURRICANE PREPAREDNESS MAY 31ST THROUGH JUNE 8TH During the legislative Session that just ended, lawmakers approved a 9-day sales tax holiday for items that help Floridians prepare for hurricane season.  If your business sells any of the items on the list below, the upcoming Sales Tax Holiday will impact your business. The tax-free days run from 12:01 a.m. on Saturday, May 31st through midnight on Sunday, June 8th.  Items that will be tax-free during this time…

Affordable Care Act- Congress Eliminates Cap on Deductibles

The deductible cap for small group health plans under the Affordable Care Act has been permanently removed. Originally, the Affordable Care Act (ACA) had a provision that capped the deductible for individual and small group health plans at $2,000 for individuals and $4,000 for families. Last year, when it became evident that it would be difficult for many plans to comply with that requirement, the Health and Human Services Department issued a waiver for 2014. Now, through a bipartisan effort,…

IRS Building In Washington

New IRS Guidance

The IRS has recently issued guidance on how qualified retirement plans (such as 401K plans, profit sharing plans, defined benefit pension plans and 403B plans) should apply the Supreme Court’s 2013 Windsor decision, which ruled that same-sex marriages must be recognized for all federal tax purposes. While the IRS had already issued guidance indicating that all qualified retirement plans would need to prospectively recognize all same-sex marriages, it had not addressed whether plans would need to be retroactively amended to…

Payroll Tax Problems: What Small Business Owners Should Know

Payroll tax issues can cause you to lose your business and depending on how your business is set up, you can lose your personal assets too. The IRS is focusing on increased tax compliance efforts on small business across the nation. The best measure to combat the possibility of a business payroll tax issue is prevention. iBusinessSolutions payroll services include payroll taxes, payroll laws, employee deductions and so much more. Click here for a free consolutation on our full line of payroll services.…

Motivate Employees for Maximum Productivity

How can you keep your company functioning at maximum productivity? A huge factor is employee satisfaction. There are many factors that play into what keeps your employees happy, but research shows that the following factors can greatly impact your employees' overall happiness in the workplace. Employee/Employer Relationships. Surprisingly, research tells us that this may be the highest ranking factor in terms of job satisfaction. Even higher than compensation and benefits. So if employee productivity is a problem in your workplace…

How to Lower Your Workers’ Comp Claims

In the previous article of this series, "Part 1: Why Are Your Workers' Comp Claims Doubling?" we discussed comorbidities. If you don't recall from the last article or are starting with part 2 of the series, comorbidities are medical conditions that exist at the same time another condition is being treated. The most common comorbidities are obesity, diabetes, hypertension, and drug abuse. Unfortunately, these nasty things can raise your claims costs by about $10,500-$13,500 per claim, depending on the comorbidity.…

Why Your Workers’ Comp Claims Are Doubling

For most people, "comorbidity" is a term we don't here often. So what does this concept mean? And how is it impacting your claims costs? Comorbidity is a medical condition that exists at the same time another condition is being treated. Generally, the conditions are independent from one another. In other words, a patient who is being treated for a back injury might also have diabetes. In this case, diabetes is considered the comorbidity. The four most common comorbidities are…

How To Be A More Flexible Employer

In this day and age, a change in the way your employees work is becoming more and more necessary. Why? The line between work and leisure is becoming blurred. Employees are working from home or while on vacation. They even make themselves accessible on weekends. As their employer, it may be worth your while to consider implementing flexible work schedules and/or telecommuting into your business' structure. You may find that it positively impacts employee productivity and satisfaction. Start by evaluating…

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