IRS Business Mileage Rate Increased for 2018

On December 14, 2017, the Internal Revenue Service announced that the standard mileage rates for business will be increased for 2018.   For the year 2018, the optional standard mileage rate will be 54.5 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.   …

Six Easy Ways to Avoid Identity Theft

      There’s been a lot in the news lately about identity theft and data breaches; the Federal Trade Commission lists, Equifax, Yahoo and the IRS, just to name a few. Any of these breaches leaves your information open to criminals, also known as identity theft. However, information can also get into the wrong hands when cyber-attackers hack into your company …

Company Holiday Parties: Fun or an HR Nightmare?

The holiday season is upon us and this brings the inevitable company holiday party. It’s the one night a year that employees are able to let loose and have fun in a non-work setting. It’s a time of eggnog, gift giving, and joy… at least we hope so.

The New Era of HR

The ushering in of the millennium brought forth a number of new changes for the workplace. Technological advances, more accountability for companies and management, and a need to foster an inclusive, yet positive company culture for all. Many companies are looking ahead to building more than just a business: they are looking for a way to have an impact on …

New Bill Introduced Would Ease ACA Reporting Requirements

A recent bill has been introduced in the House and Senate that simplifies reporting requirements under the ACA. The Commonsense Reporting Act of 2017 (H.R. 3919 and S. 1908) attempts to ease the reporting requirements of employers in three areas: reporting information before open enrollment, minimize administrative reporting at year end, and reduce the submission of unnecessary information. In addition …

401(k) Contribution Limit Increase

On October 19, the IRS announced an increase in the contribution limits for employees who participate in 401(k), 403(b), and most 457 plans. For 2018 the new limit will be increased from $18,000 to $18,500. However, the catch-up contribution limit for employees aged 50 or over remains unchanged at $6,000 annually.

Record Retention Guide: types, documents, and timeline

Dealing with personnel files can be a daunting, yet rewarding task. Having all documents together in the event of an audit or worse, a lawsuit, could save your company costly fines and mounds of legal trouble down the road. This chart will offer a brief explanation of what items need to be kept and for how long.*

The OSHA Electronic Reporting Deadline is Fast Approaching!

The Occupational Safety and Health Administration (OSHA) electronic submission deadline is rapidly approaching. Are you ready? This is the first year certain employers must electronically submit their OSHA injury and illness data for posting on the OSHA website. Prior to this, little to no data was made public about worker injuries and illnesses. OSHA is hoping that by making this …

Winter is Coming

The leaves are changing color and there’s a certain crispness in the air. You’re finding yourself reaching for your coat every morning before you step outside. Holiday decorations are appearing in department stores overnight and soon the jazzy holiday music will be filtered through speakers everywhere you go. We all know what this means; winter is coming.

Increase to the Colorado State Minimum Wage for 2018

The Colorado Department of Labor and Employment has released the proposed changes to the state minimum wage for 2018.  The proposed changes align with the changes voted into the state constitution as Amendment 70 last year.  Effective January 1st, 2018 the minimum wage will increase to $10.20 per hour and will continue to increase by $0.90 per year until it …