Explore CBIZ’s latest insights on the critical issues that help advance accounting, tax, insurance, HR and much more at your organization. Search for exactly what you need to succeed below.
October 8, 2019
The Alarming Costs of a Bad Hire & How to Avoid Them
Every organization wants to hire best-fit employees. However, if your HR team does not have the proper tools, resources and processes in place, poor hiring decisions can be made, resulting in negative impacts upon your business’ bottom line, productivity, morale and much more.
The Top 6 Practical Expedients for Revenue Recognition
Practical expedients in the revenue recognition accounting standard are designed to make adoption easier for private companies, but they come with some considerations. Evaluating your practical expedient options can help make the transition to Topic 606 easier, and also helps with compliance in the standard in the long-term.
October 7, 2019
Fate of Tax Extenders, Retirement Savings Bills Remains Uncertain
The fate of over 30 temporary tax provisions known as "tax extenders" and a sweeping retirement savings bill remains uncertain as Congress takes a two-week recess. Lawmakers are expected to return to Washington, D.C. on October 15.
October 3, 2019
By Karen McLeese
2020 Updates: New York Paid Family Leave Program
The New York Department of Financial Services announced some updates to the state’s paid family leave program for 2020, including changes to contributions and benefit limits. In addition, the agency released some updated templates for employers to use when communicating these changes to their workforce.
EEO-1 Report Update
The EEOC recently requested a 3-year extension to continue collecting Component 1 data, which has been required for a number of years. However, the agency signaled a change with regard to the continued collection of Component 2 data.
DOL Issues Final Overtime Regulations
The Wage and Hour Division of the Department of Labor (DOL) regulates exempt vs. nonexempt status for employees. Regulations were issued in 2016 changing several aspects of this determination. These regulations were challenged in court and ultimately never took effect. Just a few weeks ago, the DOL issued a new set of overtime regulations which will take effect on January 1, 2020.
IRS Finalizes Hardship Distribution Rules
Qualified retirement plans including 401(k) plans, 403(b) and 457(b) plans may, but are not required to, allow hardship distributions from the plan upon certain events, such as an immediate and financial need to pay medical or funeral expenses, purchase of a principal residence, or payment of tuition and education expenses. The IRS finalized its rules clarifying certain aspects of how and when hardship distributions can be taken.
Mental Health Parity Rules - Updated Guidance and Enforcement
In its on-going effort to ensure compliance with mental health and substance abuse parity laws, the Department of Labor’s Employee Benefit Security Administration has issued additional guidance. In addition, the agency released a modified disclosure request form, and a summary of its enforcement activities of these laws during 2018.
October 2, 2019
By Philip Noftsinger
CBIZ Small Business Employment Index (SBEI) reveals slowdown in September job growth
The September Small Business Employment Index says political uncertainty and the trade war were factors in small businesses slowing hiring.
October 1, 2019
7 Safety Tips for Worksite Welding and Cutting
Make safety a top priority as you weld and cut. Utilize these seven safety tips for worksite welding and cutting.