When you operate a business, there are many regulations that you must follow. Both federal and state governments regulate what businesses need to do to stay in compliance. In this article, we will review what is required of a Maine employer. Federal requirements of employers Before we dive into Maine
Types of business insurances As with personal insurance protection, Maine employers should consider several types of insurance for their business. These insurances protect businesses against a variety of common claims, from a customer slipping and falling on a shop floor to an employee becoming injured on the job. Let’s take
There are a number of different employee benefits. Businesses must know how they work and consider offering them to their employees. This will help in attracting and retaining strong employees. From retirement plans, to health insurance and even third party sick pay, all of these items make up a business’
One of the more effective practices businesses use to hire and retain employees is offering a strong benefits package. As with any aspect of payroll, once a business begins offering fringe benefits, tax compliance issues arise. Let’s take a look at how taxes work on employee benefits. What are fringe
Most businesses provide benefits to their employees. These benefits must be withheld from employee’s pay properly, according to the IRS, for businesses to stay tax compliant. Certain benefit deductions are considered pre-tax deductions while others are considered post-tax deductions. Lets take a look at the difference between pre-tax and post-tax