An experience modification rate (EMR) is a multiplier insurance companies use to help set workers’ compensation premiums. Insurers determine your EMR by looking at your workers’ comp claims history and potential for future injuries compared to others in your industry. Businesses with lower EMRs pay less for workers’ compensation insurance. EMRs commonly range from 0.48…
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Predictive Scheduling Laws: What Employers Need to Know
Predictive scheduling is the process of giving employees ample notice of their work schedule so they can plan around working hours. Early on, predictive scheduling laws only applied to workers in certain industries, like restaurants and retail. But as time has gone on and additional work schedule laws have been passed, more industries are included…
What Is FTE & How to Calculate It
FTE stands for full-time equivalent and is used by businesses to calculate the total number of full-time hours worked within their business among all employees. A full-time employee (working 40 hours per week) is equal to one FTE; a part-time employee (working 20 hours per week) is equal to 0.5 FTE. Determining the number of…
What Is an EAP? Small Business Guide (+ Sample EAP Policy)
An employee assistance program (EAP) offers support for personal and workplace problems that can affect employee output at work and satisfaction and happiness at home. Most EAPs help employees with substance abuse and mental health issues but can also cover family issues, wellness concerns, and retirement planning. As you explore the possibility of an EAP…
SBA Economic Injury Disaster Loans: What They Are & How They Work
Economic injury disaster loans (EIDLs) are loans issued to businesses that cannot continue normal operations or satisfy financial obligations as a result of a declared disaster. To be eligible, you must be in a declared disaster area and be unable to obtain credit elsewhere. Small businesses, agricultural cooperatives, and nonprofit organizations can be considered. If…
What Is the Dividends Received Deduction (DRD) & How To Compute
The Dividends Received Deduction (DRD) is a tax break available to domestic C corporations (C-corps) that own stock in other domestic corporations and receive dividends from them. The DRD’s main purpose is to protect corporations from being subject to triple taxation. A corporation can claim a specific amount of DRD based on its ownership stake…
What Business Start-up Costs Are Tax Deductible?
For the first year, you can immediately deduct up to $5,000 in start-up costs for expenses like salaries for new hires, executives, and consultants that were incurred prior to the start of business. You can deduct another $5,000 in organizational expenditures like accounting service costs and legal services. Start-up costs and organizational expenditures over $5,000…
Help Desk vs Service Desk: Differences, Use Cases & Providers
A help desk and service desk are both support channels that IT management and software users can access for assistance. Though they sound like they provide the same functions, there are clear-cut differences between a service and a help desk in terms of support objectives, who they’re designed for, and overall capabilities. In this article,…