Kaizen CPAs BLOG

Short, informative articles to help you manage your business with confidence.

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payroll + hr + compliance (3)

A man wearing a blue hard hat uses a hammer. It's crucial to properly classify a worker before hiring to avoid costly penalties, back taxes, and potential litigation.

Employee vs. Contractor: Avoid Costly Misclassification for Your Business

Misclassifying workers as independent contractors instead of employees can put your business in hot water. Think heavy fines, back...

Widespread Fraud Scheme Impacting All State Unemployment Programs

Widespread Fraud Scheme Impacting All State Unemployment Programs

WARNING Unemployment fraud is impacting Pandemic Unemployment Assistance (PUA) programs across the nation. Claimant fraud can include...

Protect Yourself From Time Theft

Protect Yourself From Time Theft

30% of Employees Admit to This Crime No business owner wants to believe their employees are dishonest. Yet, thousands...

Illinois Employers: A Must Read If You Hire Independent Contractors

Illinois Employers: A Must Read If You Hire Independent Contractors

Are you aware that your independent contractor can file for unemployment insurance benefits? You probably thought that only W-2...

Managing Cash Flow During Difficult Times

Business owners are continually challenged with reducing costs and managing cash flow, even more so during difficult times....

Illinois Employers – Don’t Take Your Employee’s Tips!

Effective January 1, 2020, the Illinois Wage Payment and Collection Act has been amended regarding employee tips/gratuities. The law...

An employee fills out a W-4 form. It's important to stay informed on the latest forms to know how they impact employees and to ensure compliance.

How the New Form W-4 Affects Employee Withholding and Your Payroll

On December 5th, the Internal Revenue Service (IRS) released the 2020 Form W-4, Employee’s Withholding Certificate 2020 Form W-4. It...

U.S. Department of Labor Final Overtime Rule

Effective January 1, 2020, nearly 1.3 million American workers will be newly eligible for overtime pay. The U.S....

Employees participate in a group training session. It's crucial to know whether the time is paid or unpaid to ensure compliance with FLSA to avoid legal issues.

Employee Meetings and Training: Paid or Unpaid?

Meetings and trainings are an essential part of employee growth and success. Meetings, programs, lectures, seminars, webinars, etc....

Illinois Secure Choice Savings Program

ILLINOIS BUSINESS OWNERS A retirement savings program is mandatory as of November 2019. You have options, and we can help....

IRS Warns of Fraudsters Targeting HR Personnel

In December of last year, the Internal Revenue Service warned tax professionals of an increase in phishing emails that...

Can I Bank Overtime Pay or “Time In Lieu” for My Employees?

Can I Bank Overtime Pay or “Time In Lieu” for My Employees?

If your business pays employees by the hour, you probably have to budget for overtime wages. Non-exempt employees who work over the...