The first exercise that LBMC Employment Partners (LBMC EP) performs with a new client is an HR Audit. An HR Audit is something that should be performed on a regular basis as laws and compliance guidelines change. Whether you are outsourcing your HR services or managing them internally, best practices state that you should do regular audits of HR practices to ensure that you are not only operating at the best of your ability, but also that you are prepared if an issue should arise. read more »
Good sleep is as important as healthy eating and exercise, but why do we as Americans not prioritize getting enough sleep? Most people need between seven and eight hours of rest each night, although many of us will claim we can run on much less. read more »
This month we are excited to spotlight one of our Human Resources Account Managers, Bridget Kinard.
Bridget joined LBMC Employment Partners in our Brentwood office June 16, 2014 as an HR Account Manager providing Human Resource support to our clients. She has 5 years of experience in various aspects of Human Resources. She also has experience in retail as a Store Manager for Ann Taylor, Origins and Talbots. read more »
A new generation of online businesses wants to cut the transportation middleman out of the warehousing and distribution equation. This new online freight marketplace offers manufacturers and distributors greater convenience and efficiency by directly matching them with freight carriers, cutting down on red tape and lag time. But be cautious before taking the plunge with an online freight company. read more »
Summer is a common time to put a home on the market. If you’re among those who are following this trend, it’s important to be aware of the tax consequences of a sale.
If you’re selling your principal residence, you can exclude up to $250,000 ($500,000 for joint filers) of gain — as long as you meet certain tests. Gain that qualifies for exclusion also is excluded from the Affordable Care Act’s 3.8% net investment income tax. read more »
Restricted stock is stock that’s granted subject to a substantial risk of forfeiture. Income recognition is normally deferred until the stock is no longer subject to that risk or you sell it. You then pay taxes on the stock’s fair market value at your ordinary-income rate. read more »
In general, when a meal and entertainment expense is incurred in the context of an employer-employee or customer–independent contractor relationship, one party will be subject to a 50% limitation on the deduction. But which party? Last year, the IRS finalized regulations that address this question.
In the employer-employee setting: read more »
A Professional Employer Organization, more commonly known as a PEO, is defined as an organization that provides an integrated and cost effective approach to the administration of human resources. Through a contractual arrangement, the PEO assumes a variety of responsibilities including access to and administration of benefits. read more »