admin, Author at Fresh HR - Page 2 of 2

Little known job seeker strategy

As a job seeker you can really benefit from providing a tax credit to the potential employer. They want to fill a position with the best candidate as quickly and cost effectively as possible. One way to get a leg up on the competition for the job is to present you (your resume) with a special bonus for the employer. In some cases the employer may not even know about what you are giving them until you provide them with a certificate that you are pre-qualified for tax credits that the employer will receive for hiring you. Not all employers know about the credits. Employers love these credits because it reduces their tax bill to Uncle Sam.

The Financial Meltdown in the mid 2000’s brought about a renewed focus on Job Creation. With this we saw massive expansion of Federal Tax Incentives for creating, and maintaining jobs. This was done through the Small Business Jobs Act, The American Recovery and Reinvestment Act, Numerous Job Creation and Protection Acts, and most notable the PATH Act signed by President Obama for effective changes in 2016 through 2022.

The pattern in the last decade is that with the passing of each Act, more and more companies are eligible for Employee based Tax Incentives that broaden not only WOTC itself, but hundreds of programs that surround it.

Virtually any business can now benefit from Employer Based Tax Incentives because even candidates that don’t qualify for WOTC often qualify for other tax incentives.
rom the 1940’s through the 1990’s:

Although many of these programs started out as programs specifically designed for Veterans, they were expanded in the 80’s and 90’s to include broader groups such as TANF Recipients, SNAP (Food Stamp) Recipients, Residents living in Empowerment Zones or Rural Renewal Counties), Employees receiving certain types of vocation training, Ex-Felons, Supplemental Security Income Recipients, Summer Youth Employees, and Seasonal Workers.
Some credits are designed specifically for hiring 18-24 year olds, and the largest credits are for hiring Veterans.

Knowing this information and getting pre-screened for free at

https://www.sparkmyresume.com/281143

will give your resume a “spark” with cool technology, social media integration and likely a certificate to present to employers either electronically or hard copy. Employers generally go over dozens of resumes to hire one person. Stand out with cool technology that integrates your resume with social media sites and Indeed.

This is a great way to set yourself apart from others and bring a “gift” to the interview. #wotc #jobs

Bad news from your CPA?

Bad news from your CPA? Sure the tax reform seemed great until your CPA informed you of most the past tax deductions you took are gone! Work Opportunity Tax Credits are easy and can be a game changer, calculate yours now, 10’s of Thousands  is not unusual.http://ow.ly/82kA30ivTo3

“He is still trying to figure out why his sister has 2 brothers and he only has 1”

“He’s trying to figure out why his sister has two brothers but he only has one.”

That was how a senior sales rep on my team described a new sales guy’s knowledge after finishing a 4 week PEO sales training class a number of years ago. PEO or Professional Employee Organizations are a comprehensive Human Resources out sourcing provider and can be complex to understand. Just consider how complex this may seem to a business owner who really wants to focus on making widgets and not HR and compliance. click for an overview

#peo, #payroll, #HR #,

WOTC Tax credits

Hiring Veterans gets you more than built in leadership and organizational skills. They can come with some great tax credits thanks to Uncle Sam.  Veterans tax credits are just a small part of the nearly 100 possible credits commonly called WOTC, or Work Opportunity Tax Credits. FreshHR is helping clients get some serious credits without the paperwork hassles. Calculate your potential credits here.

Payroll lessons from Goldilocks

What Goldilocks and the Three Bears might tell you about your team’s Human Resources Department?

Just as Goldilocks was unsure of various chairs, beds and porridges. You may have put the same trial and error into the model, products, technologies, and vendors that you have selected in for your HR department.

Sure the next time you meet a potential vendor who has the “latest and greatest” pitch you may ask yourself …

What temperature do I like my porridge? Or how robust to I like my payroll technology?

How hard or soft do I like my bed or how complicated or simple do I like my benefits technology?

And what is a comfortable  chair to  me or the best Benefits Broker for my needs?

FreshHR helps organizations understand what they have today and what could more fully help them reach their goals by choosing the best “porridge”. #payroll #HR #peo #payroll #

HR misunderstanding of Benefits Summary Plan Description

Many organizations use a health agent who is still just delivering health quotes and answering employee questions and some basic service functions. It is at this level of vendor relationship that compliance becomes reactive instead of proactive.

 

One commonly missed item is the Summary Plan Description of commonly known as SPD. Even licensed agents are confused about this and think of this as the same as a “Benefits at a Glance” or BAG document that many health carriers provide, it is not the same. The Summary Benefits Coverage or SBC is yet another document that employers and even agents often confuse with a SPD. Neither of these will meet the ERISA compliance needs and may result in fines of up to $1000 per day.
The good news for employers is that solutions to providing an SPD is not expensive or particularly hard to obtain. Fresh HR can point you to a service where employers can provide these for under a $100 and only have to answer 20 questions.

Choosing the best Human Resource Partner

Choosing the correct partner to help you navigate the ever changing world of health care is important. The rule changes coming out of Washington DC is almost daily. It’s important to have an agent or consultant that is actively participating in an industry trade group such as the National Association of Health Underwriters (NAHU.  With that she/he is consistently receiving training  and updates that they can keep your organization compliant and knowledgeable about the best benefits structure to deliver the most value for the dollar to your employees.