Now that tax season has come and gone, you may be looking for ways to improve your productivity so that next year, you won’t have to deal with a log jam of tasks as the tax deadline approaches. Included in our newsletter this month are 5 productivity tips to help you become more efficient with your time and get more things done. Also Our HR topic takes a look at how technology may change the Fair Labor Standards Act while our payroll update deals with a Department of Labor letter that clarifies issue brought up by the American Payroll Association regarding wage withholdings and the Consumer Credit Protection Act.
78.2 million workers in the U.S. are hourly employees. This represents nearly 60 percent of all wage and salary workers.
Market Update – 5 Things to Stop Doing That Will Help You Do More
When you have a ton of work on your plate, multitasking seems like the obvious answer. It’s natural to want to ensure every detail is perfect—no matter how many projects you have to oversee. One thing you can’t control, though, is the number of hours in your day. So, what do you do when your default mode is DIY, not delegation? Simple: shift your focus from figuring out how you can do more, to how you can do less.
1. Editing your own presentations
When you’re overloaded and overwhelmed, it’s hard to maintain attention to detail. That’s not a reflection on you. It’s a scientific fact about our brains. So when you ask collaborators for help with editing, don’t think of it as shirking your responsibilities. Consider it a chance to empower your team and improve your work. Next time you need to create a presentation, focus on the first draft. Don’t spend too much time on wordsmithing or formatting. Get your raw ideas down, then ask your team to help refine them. In the process of proofreading and revising your work, they’ll bring an important outside perspective that will strengthen not just the style, but the substance.
Learn how to optimize your payroll setup to increase the productivity of your business – click here
Payroll Update – DOL Opinion Letter Answers APA Query Regarding Garnishment of Lump-sum Payments
Nearly every type of lump-sum payment APA members could envision is covered by the Consumer Credit Protection Act (CCPA), according to an opinion letter released by the Department of Labor’s Wage and Hour Division (WHD) on April 12.
The letter was in response to a query from APA’s Government Relations Task Force Subcommittee on Child Support and Other Garnishments. Members had noted that certain states appeared to require employers to overwithhold when collecting past-due child support from lump-sum payments. Wage withholding limits may be determined by state law but they cannot exceed those established by the federal CCPA, which, for child support, range between 50% and 65% of disposable earnings. Some states seek to garnish as much as 100% of a lump-sum payment to cover child support arrearages. APA provided WHD with a list of 18 types of lump-sum payment, asking that WHD determine whether the CCPA’s withholding limits apply.
HR Update – The FLSA After 80 Years: How Has It Changed and What Lies Ahead?
The Fair Labor Standards Act (FLSA) was enacted 80 years ago to improve working conditions in the United States. The law has evolved over the years, and more changes will come as businesses and workers adapt to the 21st century workplace.
Since its passage in 1938, the Fair Labor Standards Act has had—and continues to have—a remarkable impact upon the workplace through its requirements that employees be paid at least a minimum wage for all hours worked and overtime premium pay for hours in excess of 40 hours in a workweek, said Steven Pockrass, an attorney with Ogletree Deakins in Indianapolis, in an interview with SHRM Online.
Accounting Update – How Much Money Can I Deduct From My Personal Business?
Owning a business not only gives you additional tax breaks, but you can even use it to lower your tax rate for your regular income. However, you must only deduct business expenses that are ordinary and necessary to run your company. If you claim too many deductions, you run the risk that the IRS does not believe you run a for-profit business.
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