Payroll Savings Program

Payroll Savings Program also known as Christmas Clubs are great tools to start a savings program. StaffScapes provides direct deposit as a tool for employees to start saving a part of their paycheck and placing that income into a savings account. It is never to late to start saving for that rainy day or to set aside a little money …

Prohibited Transactions defined in ERISA Section 406(a)

Section 406(a) states that a plan fiduciary may not engage the plan in an activity or transaction if he or she knows, or should know that the action directly or indirectly involves the: Sale, exchange, or lease of any property between the plan and a party in interest Lending of money or extending of credit between the plan and a …

Paycheck

Payroll terms vary by state and country. Below is an extract from the Wikipedia encyclopedia “A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. While most commonly used in the United States, recently the physical paycheck has been increasingly replaced by electronic Direct Deposit to bank accounts. In most countries with a developed wire transfer …

When should I look for a Professional Employer Organization (PEO)?

PEOs can bring a client on at any time of the year. If planning for 2008 start now. The 3rd quarter is almost over and businesses our planning for year end decisions and planning for 2008. If you are thinking about a Professional Employer arrangement it is time to start. Don’t put off looking at PEO till the end of …

New Colorado Workers Compensation Law

New law gives injured workers a choice of medical provider House Bill 07-1176 will affect all Colorado employers as of January 1, 2008. The bill, enacted by the Colorado Legislature, changes the Colorado Workers Compensation Act, requiring all employers to provide a list of at least two medical providers that injured workers can choose from.  The listed providers must be …

PEO Industry Statistics

Here is some general information about PEOs NAPEO members report an average of 14 worksite employees per client company with an average gross pay per worksite employee of $19,659. – NAPEO 1997 Financial Ratio Survey Average annual cost of regulation, paperwork, and tax compliance for firms with fewer than 500 employees is about $5,000 per employee, compared with $3,400 per employee …

Helping Entrepreneurs With the “Business Of Employment”

PEOs offer to their clients and worksite employees the services and expertise of a personnel department within a large corporation. Few, if any, small businesses can afford a full-time staff consisting of an accountant, a human resource professional, a lawyer, a risk manager, a benefits manager, and a manager of information services. Professional employer organizations offer this expertise to their …

PEOs – One Response to Market Demands For Change

American business is undergoing fundamental changes in human resource management, and the PEO industry is one response to market demands. There are several factors driving the growth of the industry. First, over the last two decades, this nation has seen a significant increase in employment-related federal, state, and local laws and regulations. Second, the expertise required to manage a small …

Summer Annual Report

StaffScapes, Inc 401k Profit Sharing Plan Annual Report is ready for viewing The summary annual report for the StaffScapes, Inc. profit sharing plan, plan no 333, for period January1, 2006 through December 31, 2006 is available for viewing. The annual report has been filed with the Employee benefits Security Administration, US Department of Labor, as required under the Employee Retirement …

Employment Reference Checks

How much can you disclose about a past employee? Colorado law not only allows but immunes a former employer from civil liability and damages for the release of employment history and information to future employers.  This is a good thing to remember when you get reference checks concerning your past employees.  Not only does this help our state by allowing …