HR{preneur}® by ADP®

Latest Episodes:

How to improve financial wellness as an employer & for employees Apr 22, 2024

Show notes

Financial health and wellness is proving to be critical for companies as well as for their employees, as more employees are seeking education and resources in this area. Today’s episode is a special segment HR{preneur} is bringing to you to explore financial wellness. We’re joined by a leader in this area to help us dive into what this means for employers and how they can help support their employees. Listen in as we cover:

[1:07] The importance of financial literacy & wellness
[1:45] Why employers provide financial wellness education
[2:23] How financial wellness affects employees & companies
[3:28] The help employees are looking for from employers
[4:09] Strategies to support employee financial wellness

Copyright © 2024 ADP, Inc. All Rights Reserved. The ADP logo, ADP, RUN Powered by ADP, and HR{preneur} are registered trademarks of ADP, Inc. and its affiliates. All other marks are the property of their respective owners.

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5 myths about overtime … busted Apr 08, 2024

Show notes

Under federal law, non-exempt employees are entitled to overtime when they work more than 40 hours in a workweek. Some states even require overtime in additional situations. But, certain myths can get in the way of employers meeting their overtime obligations, and this could result in penalties and other consequences. We’ll debunk five myths about overtime, and help you know the facts. Listen in as we cover:

[0:57] Determining whether overtime is due
[2:31] Overtime without prior authorization
[3:37] Can you waive the right to overtime?
[4:03] Is “comp time” instead of overtime allowed?
[4:43] Calculating overtime pay

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Getting the most from your bank: The top benefits to your business Mar 18, 2024

Show notes

Small business owners have a lot to navigate, including financial decisions that are critical to their success. Today’s episode is a special segment HR{preneur} is bringing to you to explore banking and finance. We’re joined by Wells Fargo Bank, and we’ll dive into the top benefits your bank should offer, and how that can help your business. Listen in as we cover:

[2:34] Selecting the right bank and type of account
[4:24] Getting guidance from your banker
[5:44] Using your banker as a resource as you grow
[6:48] In-demand products and services for small businesses
[8:01] What does a digital-first experience mean for small businesses?

This content is provided with the understanding that ADP is not rendering legal advice or other professional services and is current as of the published date. Use of this content is subject to the RUN Powered by ADP® Terms of Use. Wells Fargo makes no warranties as to accuracy or completeness of information, including but not limited to information provided by third parties; does not endorse any non-Wells Fargo companies, products, or services described here; and takes no liability for your use of this information. Information and suggestions regarding business risk management and safeguards do not necessarily represent Wells Fargo’s business practices or experience. Please contact your own legal, tax, or financial advisors regarding your specific business needs before taking any action based upon this information.

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The rise of independent contractors: What it means for small businesses Mar 04, 2024

Show notes

Independent contractors continue to be valued contributors to organizations, as they offer flexibility, specialized skill sets, and cost-effective solutions that traditional employees cannot always provide. Depending on your situation, tapping into the contractor workforce can be important for your success, but you need to have the right processes and systems in place to maximize their value. Listen in as we discuss this more and cover:

[0:53] Recent survey of 300 organizations & biggest finding
[3:18] Managing an independent contractor workforce & key areas of need
[5:47] Onboarding: challenges, classification & compliance
[7:58] Paying independent contractors & guidance on approaches to take

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How small businesses can benefit from tax credits Feb 19, 2024

Show notes

Are you taking advantage of tax credits? They have historically been leveraged by large corporations. However, small businesses can benefit from them as well. Today, we’ll discuss how to take advantage of tax credits, and we’ll provide guidance on how to use them to help gain tax savings and incentives for eligible activities. Listen in as we cover:

[0:58] What are tax credits & the basics to know about
[2:16] Small business guidance to tackle the complexity
[5:16] Which tax credits fit best with small businesses
[6:33] How the Research & Development tax credit can help
[9:26] What is the process, including where to get help & support

Explore this link for more information on the R&D tax credit and how ADP can help your business: https://www.adp.com/resources/articles-and-insights/articles/r/r-and-d-tax-credit-what-it-is-and-how-to-claim-it.aspx

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Leave of absence requirements & what you need to know in 2024 Feb 05, 2024

Show notes

Leave of absence requirements continue to expand dramatically. And, they are one of the biggest trends to watch in 2024. The laws allow employees to take time off for certain life events without the fear of losing their job and/or a dramatic loss in pay. In this episode, we discuss what employers need to know about the latest leave laws. Listen in as we cover:

[0:41] Background & purpose of leave laws
[1:33] Paid sick leave
[3:31] Leave for any reason
[4:38] Paid family leave
[6:50] Bereavement leave
[9:03] Other employer requirements

Getting the most from your accountant … for tax filing & beyond Jan 22, 2024

Show notes

Are you ready for tax season? Get insight from the experts on how to be prepared, maximizing the value of your tax professional. We’ll also go beyond tax filing, and dive into how to leverage an accountant’s expertise as a partnership, helping you benefit from their advisory and consulting services throughout the year. Listen in as we cover:

[1:20] How to prepare for tax season & what to expect
[3:37] The importance of communication & sharing information securely
[5:58] Advisory & consulting services to benefit from throughout the year
[9:54] How a tax professional can help you form & achieve business goals

How to grow your business & protect your cashflow Jan 08, 2024

Show notes

Your business cashflow is a critical component to your success. But, how do you strengthen your approach as your business grows? Today’s episode is a special segment HR{preneur} is bringing to you to explore banking and finance. We’re joined by Wells Fargo Bank, and we’ll dive into some key strategies to consider. Listen in as we cover:

[1:30] Establishing business credit & why it matters
[4:30] The startup phase & steps to account for
[6:29] Working capital & common financing options
[7:46] The growth phase & ways to improve cash flow
[10:27] Protecting cashflow during times of uncertainty
[11:58] Strategies for forecasting & monitoring expenses

Copyright © 2024 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. Information and views provided are general in nature and are not legal, tax, or investment advice. Wells Fargo makes no warranties as to accuracy or completeness of information, including but not limited to information provided by third parties; does not endorse any non-Wells Fargo companies, products, or services described here; and takes no liability for your use of this information. Information and suggestions regarding business risk management and safeguards do not necessarily represent Wells Fargo’s business practices or experience. Please contact your own legal, tax, or financial advisors regarding your specific business needs before taking any action based upon this information. This material is current as of the date of this episode (October 2023).

3 important tasks for closing out the year & what you need to know Dec 11, 2023

Show notes

Year-end bonuses, W-2 forms and annual tax credit notices are three undertakings employers tackle to close out the year. In this episode, we’ll provide guidance to help you navigate these end-of-year responsibilities. Listen in as we cover:

[0:40] General considerations for end-of-year bonuses
[2:27] Overtime implications of bonuses
[3:32] Tax implications for bonuses
[4:32] W-2s: Timelines & how to furnish to employees
[7:02] Other required tax notices, like EITC, & key things to know

Copyright © 2023 ADP, Inc. All rights reserved. This content may not be distributed, reproduced, modified, sold or used without the written permission of ADP. The information is provided "as is" without any expressed or implied warranty, is based on generally accepted HR practices and is advisory in nature. This content is provided with the understanding that neither the presenters nor the writers are rendering legal advice or other professional services. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. This material is current as of the date of this episode (December 2023).

Student loan debt: The impact to employees & employers Nov 27, 2023

Show notes

The recent resumption of student loan payments for millions of workers is impacting employees. Are you aware of how employers can help, reducing stress and turnover in the workplace? We’ll explore how employers can provide support for employees during this challenging time. Listen in as we discuss:

[0:50] The extent of student loan debt & who is most impacted
[1:42] The impact on employees, turnover & stress
[4:45] The cost to employers & what you can do
[6:28] Tax-free student loan repayment under the CARES Act
[8:36] 529 plans & how they can help
[10:05] How the SECURE 2.0 Act can help starting in 2024