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How Will Expansion of Overtime Eligibility Impact Small Business?

by Andrew SzczesniakMarch 26, 2014 10:47 AM

According to a recent article in Bloomberg’s Business News, HR departments are going to become increasingly busy over the next 12 to 18 months.  Why?  Because of a recent memorandum that was issued by the White House to the Department of Labor to “modernize and streamline overtime regulations and make more workers eligible under federal law.”

Burning the midnight oil might be more valuable for salaried employees in the near future.

Burning the midnight oil might be more valuable for exempt employees in the near future.

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Benefits | Payroll

How to Save Money and Get More Time for your Small Business

by Tim AustinJanuary 27, 2014 9:15 AM

Are you looking for a way to reduce administration costs for your small business? Have you considered how much time (and money) you would save if you didn’t have to prepare and process your payroll and payroll taxes?

When you outsource payroll services, there are a number of benefits. The most essential for small businesses is that you can take the time you used to spend on payroll and devote it to building your business. 

“Women operators at Midvale Company payroll machine in Time Office, April 29, 1949” by Kheel Center, Cornell University

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Payroll

How PEOs Ease Concerns for Small Business

by Tim AustinDecember 30, 2013 8:50 AM

"Keeping the plates spinning," is an idiom many small businesses use to describe the way they manage their human resource responsibilities. Some outsource HR functions to various companies while some tasks are handled by an in-house team member who has many other job duties

There's no need to juggle between outsourcing tasks to multiple companies and attempting to have them work together on your behalf. Professional employee organizations, or PEOs, can help minimize the stress, time and costly resources you spend administering your HR functions by managing: 

 

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Benefits | Grab Bag | Human Resources | Payroll | Risk Management

What You Need to Know About End of the Year Payroll Processing

by Tim AustinDecember 20, 2013 8:25 AM

The end of the year is an extremely busy time for most business owners and your attention is pulled from managing one task to the next. One of the most important responsibilities business owners face – and one of the most stressful to manage – is payroll tax management.

 

End-of-year payroll administration can be stressful. Contact a PEO like Group Management Services to ease your burden today.

Let’s take a minute to review two major tax obligations that are of critical importance as the calendar year comes to a close.

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Payroll

Fatter Paychecks!

by Andrew SzczesniakSeptember 18, 2013 10:02 AM

Effective September 1, new withholding tables will result in increased take-home pay for Ohio workers.  Governor Kasich’s plan will lower the income tax rates 10% over the next three years with a majority of the decrease coming in 2013. In addition to the lower payroll withholding rates, small businesses will see tax savings of up to 50%.  And while that’s great for payroll and businesses, Ohio will also see an increase in sales tax by .25%.   

A brief description of the withholding rate change was released by Tax Commissioner Joe Testa on August 26th, and can be found at: http://www.tax.ohio.gov/Portals/0/communications/news_releases/NR_TaxWithholdingCut.pdf.

The Department of taxation released an update of the sales rates on their website at:  http://www.tax.ohio.gov/sales_and_use/rate_changes.aspx.

Have questions? Leave a comment below or contact us at 330-659-0100!

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Payroll

GMS: Leading the Electronic Way!

by Andrew SzczesniakAugust 5, 2013 11:15 AM

For several years, GMS has been paying Ohio local taxes via Ohio Business Gateway. This method has saved us from printing 1,500 checks annually and the paper forms to go along with them. In a single quarter, GMS will pay over 1.2 million dollars in local tax payments to 180 jurisdictions. But what’s more exciting is that we uploaded and processed our first live electronic returns & payments to the ODJFS (Ohio Department of Job and Family Services) for Q2, 2013.

What does this really mean?

  • We sent the agency a deposit that exceeded 1 million dollars. 
  • We avoided printing over 700 checks and the accompanying 1,800 sheets of additional paper. 
  • We avoided the extravagant shipping charges for such a large package and secured the payments by uploading rather than the standard delivery method.
  • We also no longer need to wait the typical 2-4 weeks for our returns to post, they are posted almost immediately. 
  • And best of all, we were the first TPA contacted to work with ODJFS on this filing method. 

We’re very proud of the relationship we have with ODJFS and are happy to announce that we are now completely electronic with them. We get automated rate adjustments, automated tax notices and now electronic returns. If you have questions about your ODJFS account, please feel free to contact us at taxmail@groupmgmt.com.

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Payroll

Business and Baseball

by Tim AustinApril 29, 2013 3:50 PM

My two older boys, ages 9 and 10, are playing ‘kid pitch’ baseball this year. Believe it or not, when I asked them what position they wanted to play, they both said “Dad, I want to be the pitcher”.

Then we asked each player on the team what position they wanted to play and each and every player said “Pitcher”. On paper this is not strange, as this is the most glorified position in baseball. After all, they make the most money, get the most publicity (when they are good), and seem to have the biggest fan base.

The other coaches and I talked to our 13-man roster about how important every position is on the team and how every position contributes to the overall goal. We teach them that they all have to play together to win.

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Benefits | Human Resources | Payroll | Risk Management | Third Party Administration

Solving Small Businesses' HR Problems

by Andrew SzczesniakMarch 26, 2013 10:00 AM

Do any of these sound familiar?

  • Losing good employees to competitors.
  • A cranky work environment.
  • Excessive workplace injuries.
  • Out-of-control healthcare costs.
  • Ridiculously high unemployment insurance costs.

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Benefits | Human Resources | Payroll | Risk Management

Liability Expands Under FLSA

by Andrew SzczesniakFebruary 12, 2013 9:05 AM

Virtually every company in America is bound by the Federal Labor Standards Act of 1938 (FLSA).

This law "regulates the status of employees (versus independent contractors) and provides for a minimum wage and overtime unless the employee meets an exempt classification." However, the scope of this law is not simply limited to employees’ wages.

Protecting Whistle Blowers

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Benefits | Payroll

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