Fun fact
The average time spent by recruiters looking at a resume: 5 to 7 seconds.
Market Update
To read more on this topic, click here!
Payroll Update
To read more on this topic, click here!
HR Update
Empathy is a skill which is often overlooked in the workplace. Determined by Frans de Waal as the “social glue that holds human society together,” empathy refers to the awareness of one’s own and other people’s feelings, needs, and concerns. Having the ability to be empathetic has been proven to prevent poor morale, misunderstanding, and conflicts, consequently enabling a person to build significant and long-lasting relationships with others. Empathy, therefore, is the underrated key ingredient for both personal and professional success.
To read more on this topic, click here!
Accounting Update
The final tangible property regulations issued in 2013 provide a safe harbor election that allows qualifying businesses to immediately deduct purchases of tangible property below certain dollar thresholds. For taxpayers that do not have an applicable financial statement (typically an audited financial statement) (“AFS”), the dollar threshold was $500.The IRS received many comments suggesting that the $500 threshold was too low to effectively reduce the administrative burden of complying with the capitalization requirement for small businesses. After consideration of these comments, the IRS recently announced that the de minimis safe harbor threshold would be increased to $2,500 beginning with 2016 tax years. The dollar threshold for taxpayers with an AFS remains at $5,000.
To read more on this topic, click here!
Employee Spotlight
After moving on from Dillard’s in 1997, Rene put her expertise to a different use when she came to work in her family business, PayTech, to help grow the payroll company in it’s earlier days of development.
Now as the current owner of PayTech, Rene has proven that she is capable of handling all kinds of responsibilities. She not only runs her company but is also committed to her husband and two baseball playing sons who are 14 and 17. The family also spends their days looking after their crazy dog.