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What Is the SUTA Tax and Why Is It Going Up in 2021?

Hot Schedules

What Is the SUTA Tax & Why Is It Going Up in 2021? I t’s probably fair to say that most entrepreneurs didn’t give much thought to the complexities around payroll management and taxes before starting a business and hiring employees. SUTA rate increases in 2021. Unemployment claims in 2020 skyrocketed due to Covid-19.

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Flexible Covered Period and Expanded Allowable Expenses Makes Newest Round of PPP Funds More Advantageous for Restaurant Businesses

Restaurant365

Regulations and details have not yet been released by the SBA, which is required to issue implementing regulations by January 6, 2021. The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. Check back for updates.

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8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

Learn more about how Kelly McCutcheon and her team established Hopdoddy's core values in our blog post guide, and listen to Kelly on the podcast here. Among the over 25 set, manager recognition (or lack thereof) was one of the top three reasons that they've left restaurant jobs. Use Manager Log Books. Lack of recognition.

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End of Year To-Do List for HR and Payroll Teams

Hot Schedules

There were quite a few changes to minimum wage rates over the course of the year and more to come in 2021. EEOC – The annual reporting for 2019 and 2020 has been delayed until 2021. Less than 50 and self-insured – forms 1095-B, 1094-B. Fewer than 50 employees and no insurance – no reporting needed.

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Employee Retention: How To Retain Employees For Small Businesses

Sling

But an employee leaving doesn’t just impact you, the manager. Things like health insurance, life insurance, a 401k, and other fringe benefits can help motivate your employees to stay with your business longer. Retaining employees starts with you, the manager or business owner. 5) Promote Teamwork.

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COVID-19 Legislative Actions: What to Know Now

Hot Schedules

Businesses may defer payment of employer payroll taxes imposed between the enactment of this law and December 31, 2020 , with half of the deferred taxes due by December 31, 2021 and the rest due by December 31, 2022. Impact on Unemployment Insurance. Managing Inventory in the Days of COVID-19. read more.

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How to Set Up Online Ordering for Restaurants

7 Shifts

These fees, when not managed, cut deep into razor-thin margins, and in some cases, can contribute to a restaurant closing for good. Keep temperatures together —this may mean many bags or even packaging burgers separate from toppings For even more tips and tricks for takeout packaging, check out the MrTakeoutBags blog.