Small Business Essentials is a monthly panel discussion that speaks to the many issues facing small businesses.
Our last session was about coping with the regulatory environment. Tom Finucane, President of Compass Payroll Services, offered an insightful panel discussion on the following topics:
- Bureau of Workers' Compensation
- Municipal Income Tax Changes for 2016
- Employee VS Independent Contractor
- Common Law Rules
If you want to stay current or demystify these current employment issues, you’ll want to read Tom’s notes.
Check out the Sample Paycheck Tom provided to calculate the real cost of an employee. Tom encourages employers to add at least 12% to an employee’s pay to determine the real cost of an employee before medical/retirement benefits and training.