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Taxable Income Increases for Social Security in 2020

There’s a lot of buzz right now about the Social Security taxes you’ll be paying in 2020. “The maximum tax per worker will be $17,074.80 – or a maximum $8,537.40 withheld from a highly-paid employee’s 2020 paycheck.” This means, in 2020, the amount you pay in Social Security will increase 3.6% to 6.2%. While this […]

Employee Appreciation Doesn’t Have to Break the Bank

With the national unemployment rate at 3.1%, employees have the power right now to leave their unhappy jobs. Many are finding greener pastures across the street, and that new landscape is not too hard to grow and maintain. Working with hundreds of business owners in 33 states and Washington, D.C., Focus HR, Inc. has seen […]

Retirement Plan Comparison: Simple IRA vs. 401(k)

We’ve had the opportunity to sit with clients and talk about the retirement plans they’re offering their employees. Over and over the question comes up; What’s the benefit of switching from a Simple IRA to a 401(k?) Here’s a ‘simple’ comparison: At this point, if you’re considering a switch, it’s important to understand the timeline […]

Health and Safety in the Workplace: It’s a Four-Letter Word

When it comes to workplace safety, the Occupational Safety and Health Administration (OSHA) is our nation’s authority. OSHA’s been around since 1971, offering a plethora of resources that have been proven effective. Worker injuries and illnesses are down, from 10.9 incidents per 100 workers in 1972 to 2.8 per 100 in 2017. (Source: U.S. Department […]

Recommended Reading: 5 Realities of the Future Workplace

The certified experts at Focus HR, Inc. are always on the lookout for good information, and we highly recommend Jenn Betts’ online write up: 5 Realities of the Future Workplace. The business climate is constantly changing and situations are often fluid, so you should keep the following predictions top-of-mind. It’s not just AI. Robotics is […]

OSHA: Personal Protective Equipment (PPE) Should Be “Last Resort”

The Occupational Safety & Health Administration will tell you, before handing PPE to your employees make sure you have a strong PPE Program in place. This puts everyone on the same page when it comes to safety. Keep in mind… OSHA puts PPE at the bottom when it comes to physical and health protections. More […]

NEW & IMPROVED: Updated IRS “Tax Estimator” is Released

The IRS made the announcement August 6, 2019. A new and improved “Tax Estimator” is ready for use and should make it easier for people to estimate the taxes they’ll owe throughout the year. This comes after many people received surprise tax bills, or lower-than-expected refunds, because of 2018 changes to the tax law. Countless […]

TIMING IS EVERYTHING: Why This Might Be the BEST Time to Consider (or Revise) Your Company’s 401(k)

In today’s highly-competitive, low-unemployment business environment employers need to offer comprehensive benefits packages, to attract and retain valuable employees, and a Safe Harbor 401(k) Plan is often the magic ingredient. If you find all the regulatory hurdles of a 401(k) Plan perplexing and frustrating (e.g. non-discrimination testing, fee disclosures, and 5500 filings) don’t despair. This […]

Prescription Drug Savings: It’s Not for Everyone

With the price of prescription drugs skyrocketing, you might be paying more attention to the cost-saving options and tools out there. Can GoodRx and the others really keep cash in your wallet? The answer is… it depends. Your pharmacy will charge you the cost of the drug OR the applicable Co-Payment/Cost Share under your insurance […]

Pro-Business Vote on the Affordable Care Act

Focus HR, Inc. is closely following legal maneuvers, in the courts and in Congress, that could dismantle the Obama Administration’s Affordable Care Act, bit by bit. A bi-partisan vote (419-6) in the Democratic-led U.S. House of Representatives sends an overwhelming message to employers across the United States that the so-called “Cadillac” tax may never take […]

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