Employers across the US must stay updated on minimum wage increases in 2022. To maintain compliance and avoid back payments, penalties, and potential lawsuits, employers must meet all applicable state minimum wage or local minimum wage requirements as soon as the wage rate becomes effective. In many cases, a higher minimum wage will be required in the new year. MP’s HR and payroll experts share four essential considerations employers must know about minimum wage rates and minimum wage law in 2022. Read the article to:
• Find out why employers should consider raising their wages, even if a higher state minimum wage doesn’t impact them in 2022
• Learn which states are raising the minimum wage in 2022 (and by how much)
• Outline the upcoming increases and deadlines in the federal minimum wage
• Discover what remote employers may need to consider regarding when a higher minimum wage applies
• Get detailed information on why wages are rising in 2022 across the US—and will continue to rise in 2023
HR and Payroll
Reach out to our MP team if you need assistance.
ERC: Top 3 Misunderstandings, Explained
Employers across every industry are claiming Employee Retention Tax Credits (ERC) for hundreds of thousands– even millions– of dollars. While this program will significantly aid employers, it’s also confusing and technical. Businesses must follow the IRS’s complex process to claim their tax credit. They must also ensure full compliance to avoid future audits. MP’s HR and payroll experts address the three most common points of confusion about this highly beneficial program. Read the article to:
• Find out how PPP loans impact ERC claims
• Uncover key timeframes and deadlines for claiming an ERC
• Learn whether an organization must be financially impacted by the pandemic to be ERC eligible
• Discover lesser-known eligibility criteria for the ERC
Employee Handbooks 2022: Compliance Updates and Best Practices
An employee handbook is a powerful tool for organizations across all industries. With a strong company handbook, a workplace will be prepared to handle 2022’s challenges. In this eBook, MP’s HR services experts outline best practices for constructing and updating an employee handbook. They also share how to write policies for a compliant, engaged, and more productive remote (or hybrid) workforce. Download the eBook to:
• Learn how to utilize your employee handbook to develop a robust company culture
• Find out how to maintain compliance in every state where remote workers live
• Get proven strategies for boosting the productivity and organizational alignment of a remote team
• Uncover the worst employee handbook mistakes—and how to avoid them
Download the eBook.
Is Your Business Eligible for the Employee Retention Credit (ERC)? 14 Critical Questions
Businesses in all industries are claiming Employee Retention Tax Credit (ERC)s of millions of dollars—even if they received PPP loans. Many employers qualify for up to $33,000 per employee in refundable, advanceable funds. MP’s HR and payroll experts have created a brief, simple questionnaire to help employers determine if they might be eligible for the ERTC program. Just one “yes” answer could be enough for eligibility for this program. Download the questionnaire to find out if you may qualify.
You will:
• Learn about revenue loss requirements for 2021 and 2022
• Find out why an organization’s partial or complete shutdown in 2020 or 2021 qualifies them for ERC funds
• Discover how an inability to sell alcohol in the past two years may qualify employers for an ERC
• Uncover whether social distancing measures or vendor supplier issues make an organization eligible for an ERC
A Simple Decision Tree to Determine Your Employee Retention Tax Credit (ERC) Eligibility
Use this simple tool to determine if your business is eligible for the ERC. Businesses across all verticals have claimed an Employee Retention Tax Credit (ERC or ERTC) of up to $33,000 per employee. Some employers have received ERCs of over $1 million. This program is accessible to many employers (in both the nonprofit and corporate sectors) — even if an organization already received other pandemic aid like PPP loans. Businesses may utilize this decision metric, developed by MP’s HR and payroll experts, to help determine ERC eligibility for a 2020 quarter. (Note, this diagram is provided for informational purposes and doesn’t constitute legal or accounting advice.) Download the diagram to:
• Determine eligibility for the ERC
• Find out how an employer’s size affects ERC eligibility
• Learn how much of a revenue loss employers must demonstrate to claim an ERC
• Discover how 2020 and 2021 ERC eligibility criteria differ
Infographic – The Employee Retention Tax Credit: Key Facts and Figures
Your organization could be eligible for up to $33,000 per employee in employee retention tax credit (ERTC)– even if you received PPP loans. Are you updated on the latest guidance from the IRS on how to claim your ERTC? The HR and payroll experts at MP share what you must know about the ERTC. Download the infographic to:
• Find out if your company is eligible for an employee retention credit
• Get guidance on claiming the maximum amount per employee in 2021 (and 2020 retroactively)
• Learn about how ERTC and PPP loans interact
Download the infographic.