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The Business Journals: How Small Businesses Can Compete for Talent

The Business Journals: How Small Businesses Can Compete for Talent

The Business Journals recently published a byline by Ahu Yildirmaz, co-head of the ADP Research Institute, that explores recent data from the ADP National Employment Report, highlighting how the tightening labor market is impacting small business hiring. In this article, Yildirmaz provides four tactics to help employers compete for, engage and retain the best people today in order to remain competitive in the marketplace. The first tactic is to make the work meaningful. According to the ADP Research Institute’s study Fixing the Talent Management Disconnect, the top factor impacting job consideration is the work itself. Millennials continually express their need for having a meaningful impact through their work. Read the full article to learn three more tactics to remain competitive in today’s market. Share this:Click to email this to a friend (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Facebook (Opens in new...

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ACCOUNTANT SPOTLIGHT: S Corp Payroll — What You Need to Know

ACCOUNTANT SPOTLIGHT: S Corp Payroll — What You Need to Know

Did you know that sixty-two percent of accountants take on processing S corp payrolls to make it easier for their clients?1 But for many CPA firms, it only makes your job more difficult. S corps enjoy limited liability and can elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Many organizations choose an S corp over an LLC for benefits like these: Pass-through taxation — Owners report their share of profit and loss on their individual tax returns Limited liability — Company directors, officers, shareholders and employees receive limited liability protection One-time annual tax filing requirement — C corps must file quarterly No double taxation — Income isn’t taxed twice as corporate and dividend income Investment opportunities — Companies can use the sale of stock shares to attract investors But S corps still face unique restrictions that don’t apply to other business entities — like evaluating and choosing a compensation structure that meets IRS standards. And that’s where clients and their...

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Four Ways Small Businesses Can Compete for Top Talent

Four Ways Small Businesses Can Compete for Top Talent

Ask any business leader today what he or she is worried about, and they will most likely discuss the challenge of attracting and retaining top talent. Nowhere is this concern greater than in the minds of small-business owners. It is even tougher when the job market tightens. October was one of the best job-creating months this year, with 235,000 private-sector jobs added. This means the pool of unemployed workers continues to shrink and current workers are being lured with big pay bumps to switch jobs. It’s causing managers — from companies big and small — to worry about how they can compete for skilled workers. This is especially challenging for small businesses. When small businesses need to fill a job, they are going up against the recruitment campaigns, salaries and benefits that larger companies can offer. However, despite the challenge of fewer candidates seeking work and the pressure to retain current employees, small businesses can have a real advantage in attracting and retaining top talent if they use their...

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Got a PEO? Why not?

Got a PEO? Why not?

By Brian Michaud, Senior Vice President, ADP TotalSource® A new study from the National Association of Professional Employer Organizations® (NAPEO) shows that small businesses that use a Professional Employer Organization (PEO) to manage HR for their employees actually see double the annual revenue growth than a company that doesn’t. That sounds like a pretty startling statistic, don’t you think? But when you look at the numbers, it’s actually pretty obvious – PEOs are lowering the stress levels and increasing the effectiveness of small business owners. That’s because while business owners retain the day-to-day control over management of their employees, a PEO handles the HR and employee benefits administration responsibilities. Businesses who partner with a PEO gain access to a larger suite of offerings, including FORTUNE 500®-caliber health benefits and employee growth and development programs. These, in turn, allow clients to provide more robust benefits to help attract and retain employees. There are a number of areas where businesses are benefiting from the value of outsourcing their HR. It’s a...

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ACCOUNTANT SPOTLIGHT: How to Plan for Year-end without the Headaches

ACCOUNTANT SPOTLIGHT: How to Plan for Year-end without the Headaches

By now, your year-end planning should be in full swing — for your own firm as well as all your clients. But just in case you’re running a bit behind, we’ve pulled together a bunch of terrific tools for you: Digital year-end payroll guide with checklists, calendars, best practices and more Webcasts with must-have tax updates and strategies Accountant ConnectSM, the free cloud platform that puts all your client payroll data, tax resources and CPE in one easy place Simplified officer-only S corp payroll processing Efficiency and simplicity for you, and for your clients – just one more reason they’ll appreciate your practice. Because heading into tax season, who couldn’t use a little love? Click here to access our year-end guide for best practices and more. Share this:Click to email this to a friend (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Facebook (Opens in new...

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