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Senate banking chair asks Biden to replace FDIC chairman after ‘toxic culture’ report

Work Life

The most powerful Democrat in Congress on banking and financial issues called for President Joe Biden to replace the chairman of the Federal Deposit Insurance Corp. Sherrod Brown, D-Ohio, and chairman of the Senate Banking Committee. Tim Scott, R-S.C. “Your employees do not have confidence in you.

Banking 98
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How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Understanding the difference means knowing how to report income, withhold and pay taxes, and handle overtime for each group. Verify employee classification.

Payroll 264
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What are fringe benefits? What employers need to know

Insperity

Though you don’t withhold taxes for these parties, you may need to report the benefit to the government using one of the following forms: IRS Form 1099-NEC for independent contractors IRS Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. Independent contractors you hire for a specific job can be recipients.

Banking 287
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You need a data protection policy – Here’s the basics

Insperity

Contact your company’s insurance provider, if you have cyber liability Insurance. Report the data breach to local law enforcement or consumer protection agencies, if required by state law. Personally identifiable information no longer only includes data like social security and driver’s license numbers.

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Addressing current events at work: The good, the bad and the necessary

Insperity

And if your company publishes an annual CSR report, it may provide you with an opportunity to weave in compelling stories that demonstrate the heart and values of the organization from your employees’ point of view. From an employer brand standpoint, few resources are more powerful when it comes to recruiting and attracting talent.

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The Coronavirus Aid, Relief and Economic Security (CARES) Act: An employer’s guide

Insperity

Payroll costs generally include payments for: Salary, wages and commissions Payment of cash tips or equivalent Covered leave Separation allowances Group health care benefits, including insurance premiums Retirement benefits State or local taxes assessed on employee compensation. Loan process. The CARES Act directs the SBA and the U.S.

Security 246
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Mental health at work: The laws and best practices

Insperity

While the topic is a complicated one that may require the advice of a legal or HR consultant, here are the quick facts: One or two days away, from time to time, and requested in advance, may be a good use for unused flex time, sick leave or even banked vacations days (and handled in the same manner as common illnesses or injury).

Legal 240