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Paying Employees with Cryptocurrency: The Pros and Cons

Zenefits

Perhaps you saw a 2021 tweet from Miami’s Mayor Francis Suarez saying that he’d receive his first paycheck in Bitcoin. At one point in 2021, one Bitcoin was worth over $68,000. The more money someone has in cryptocurrency, the more effort is required to manage it and any cash flow that stems from it. Compliance risk.

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Claiming an Employee Retention Credit in 2022

Zenefits

Your business can claim a maximum credit of 50% of the wages paid to staff in 2020 and 70% in 2021. This means you can claim 2020 expenses until April 15, 2024 and 2021 expenses by April 15, 2025. The same applies to gross receipts drops for your 2021 return. In 2021, the employee count was expanded to 500 employees or less.

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What Makes a Strong Retaliation Case?

Zenefits

These charges constituted 56% of all EEOC charges in 2021. And it’s something that employers need to consider carefully — because landing in a costly settlement or lawsuit can significantly interrupt your cash flow, lower morale, stimulate employee churn, and harm the company’s brand reputation.

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Should I Hire a Business Consultant for My Small Business?

Zenefits

Risk, compliance, and security. In another study , 30% of small businesses brought on IT experts in 2021, followed by marketing consultants, legal advisory consultants, and financial advisory consultants. Or need to improve cash flow processes in your accounting department? Human resources. Information technology.

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A CEO Guide To Smarter Cost-Cutting

Chief Executive

Regional chain of retail supercenters CUT WASTE, LAYER BY LAYER Erik Petrovskis, Director of Environmental Compliance and Sustainability, Meijer, Grand Rapids, Michigan Meijer’s Erik Petrovskis We are applying a number of levers in efforts to cut food spoilage and waste, which is a huge societal problem and a big cost for us.

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Payroll Tax vs. Income Tax: Understanding the Similarities and Differences

Zenefits

In 2021, it was $142,800. It’s important that employers understand the details surrounding both payroll and income taxes for tax compliance purposes. Errors in deductions can impact the employees’ cash flow and lead to penalties for the business. That number tends to rise incrementally each year.