Milliman’s Post

Curious about work-life referral benefits? 👀 IRS Fact Sheet 2024-13 breaks it down: employer-provided WLR services are tax-favored, giving employees a helpful edge in managing personal, work, or family challenges. Read more ⬇️ #IRS #worklifereferral #benefits

Concerned about the rising cost of employer NI contributions in your business? A concern for many businesses for sure. Have those plans for more recruitment been canned .. yet you know your team's stretched already and so having a negative effect on your business? New Budget Update Solution to consider: Flexible resource, expert, professional and experienced resource as and when you need it! In light of yesterday’s budget announcement and the rising employer National Insurance contributions—with further increases anticipated—the financial logic for hiring part-time workers just got more compelling. The National Insurance threshold has dropped to £5,000, now costing employers an additional £617 per full-time employee annually! #Budget #Cost #Solution

Are you a business-owner who is thinking about employing a member of staff? What would be the advantages to using Clear Day VAs instead of going down the employment route?  When you employ someone directly, there are costs and other considerations to factor in, on top of that person's salary, including for example: - pension - National Insurance and tax - recruitment costs - holiday and sick pay - insurance - maternity or paternity leave - performance-related bonuses When you work with a Clear Day VA, all of these considerations are taken care of by us so they don't take up your headspace or budget!  We manage our VAs, ensure they are insured and registered with the ICO, if they are sick we can provide cover, and you can have the peace of mind that you can contact our management team with any issues or anything that needs tweaking. You also don't get locked into long contracts.  Let us take care of your admin, outsourced business management or social media for less than the cost of an employed member of staff and without the hassle! Contact us via the form in the comments and we can have a chat about your requirements. #virtualassistant #virtualassistance #businesssupport #smallbusinesssupport #smallbizsupport

BAS Leave of Absence Billing and Collection Services Effective billing and collection services are important for ensuring the smooth operation of insurance premium payments. BAS’ services streamline the process of invoicing, collecting, and managing premium payments from employees on leaves of absence, enabling employers to efficiently handle premium billing, minimize late or missed payments, and ensure continuation of benefits. Learn more here - https://hubs.ly/Q02QwhFg0

We have just helped a handful of clients really customize their billing and collection services. It doesn't have to be a manual or painful process. Automation can help: 1. free up time for more meaningful projects 2. reduce errors 3. help you collect the funds that are owed to your organization. Let's set up a call to discuss how you can get out of the red today!

BAS Leave of Absence Billing and Collection Services Effective billing and collection services are important for ensuring the smooth operation of insurance premium payments. BAS’ services streamline the process of invoicing, collecting, and managing premium payments from employees on leaves of absence, enabling employers to efficiently handle premium billing, minimize late or missed payments, and ensure continuation of benefits. Learn more here - https://hubs.ly/Q02QwhtX0

While super generally doesn’t need to be paid to independent contractors, there are exceptions. If the contract mainly revolves around their labor, you may be required to pay super, regardless of whether they have an ABN or how much they earn. To determine if superannuation applies, consider: 📍 Is the contractor performing work mainly based on their labor (physical or mental)? 📍 Do you have control over how, when, or where their work is performed? 📍 Are they paid based on time worked rather than a result-based contract? 📍 Could they be seen as operating more like an employee for your business under the Super Guarantee rules? In such cases, a contractor might legally be considered an "employee" and trigger super obligations. #BusinessTips #contractors #superannuation #independentcontractor #superguarantee #SmallBusiness #BusinessCompliance

When setting up a brand-new business and hiring your first employee, at a minimum: 1) don't bring that person on as an independent contractor with the intention of making them an employee down the road (chances are that is a misclassification); 2) have your accountant set up an unemployment insurance account in the state where the business is operating/employee is working; 3) have your insurance broker get workers' comp insurance, and any state-required other insurances (such as short-term disability or paid family leave insurance); 4) set up the ability to do payroll; 5) partner with management-side employment lawyer to be sure you satisfy new hire obligations in the state where the employee is working: 6) determine what benefits are required (e.g , paid sick leave), and what are optional (e.g., paid holidays and vacation), and establish what you want to do; 7) outline job duties and expectations for the new hire and communicate these; 8) produce, prosper, grow! We can help. #business #management #employmentlaw #DevLInTheDetails

Workers’ Comp Tip of the Day: Arizona’s Unique Benefit Duration In Arizona, workers’ compensation benefits don’t have a set time limit. Unlike many states, payments continue until you can return to work or your medical condition stabilizes. This ensures you have the support you need during your recovery. Follow us for more workers’ comp tips! #MFLG #WeFam #AZWorkersComp #AZAttorneys #RepThatRocks #MattFendonLawGroup #KnowYourRights #rockofworkcomp

From long-term part-time employee eligibility to new Form 5500 reporting methods, maintaining compliance is crucial. BDO explains what these changes mean for plan sponsors. #PlanSponsors #RetirementPlans