Category: Recursos

FEIN: What is it? Why is it important to your business?

Correct tax identification ranks among the very first and most critical things to do while initiating business in the United States. Through all the registrations and paperwork that businesspeople have to go through, the Federal Employer Identification Number also known as FEIN is at the core of it all. The identifier aids the IRS and […]

FUTA: What is it? How does it work?

Unemployment insurance is an essential endeavor in America where it is utilized to provide temporary monetary assistance to employees who are out of work due to no fault of their own. FUTA, federally, aids in this. FUTA, along with state programs, offers an economic buffer for unemployed workers in millions. It is important that all […]

Gross income: How to calculate it?

To be able to prepare tax and personal finance, you would need to know income form as well as classification. United States’ gross income would provide the very first hard dollar amount upon which taxability of an individual’s income would rest. Your tax liability, as well as eligibility to claim credits and deductions, is calculated […]

Attrition: What is it?

Attrition refers to the natural reduction in a company’s workforce due to resignations, retirements, or terminations. While it’s a normal part of business, excessive attrition can significantly impact morale, productivity, and profitability. Managing it effectively through proactive HR strategies is essential to long-term success. Staff turnover is the business organisation’s worst nightmare because it leads […]

Human resources (HR): What does they do?

Human resource (HR) has a key role to ensure business success by handling the complete employee lifecycle from recruitment to retirement. HR has transformed from being a mere administrative function to being one of a strategic business partner over the years for carrying out long-term business objectives. A company’s most valuable asset is human, and […]

Internal Revenue Service (IRS): What is it responsible for?

The Federal government utilizes the funds on federal purposes via federal taxation like roads, the military, education, and healthcare, among others. The Internal Revenue Service or IRS is tasked with the collection of the taxations and the regulation of the nation’s tax codes. Some of the functions of the Internal Revenue Service are to collect […]

Diversity: Which benefits has?

Not only is the US labor market dynamically evolving but also racially, gender, age, and culturally diversifying. It is possible for large business organizations to achieve a competitive edge due to the aspect that it boosts innovation, workers’ morale, and also allows them to obtain a customer base. Diversity is not just about representation – […]

Minimum wage: What is it? Why does it matter?

Minimum wage is one of the pillars of labor law to ensure that employees are given an equitable payment for the work that they do. First introduced for the U.S. under the Fair Labor Standards Act of 1938, minimum wage has been an economic and political issue of discussion ever since. Although the debate continues […]

I-9: What is it? Is still required?

The fundamental responsibility of employers is to ensure their employees are work-authorized in the United States. I-9 employment verification is the standard procedure among employers to facilitate a company to comply with federal immigration law. As mandated by the Immigration Reform and Control Act of 1986, I-9 prevents employers from hiring illegal employees. I-9 compliance […]

Reimbursement: How does it work?

Good control over business expenditures is tantamount to financial health along with adherence. Reimbursement is one way to assist employees, along with businesses, to recover rightful expenditures without compromising good accounting procedures. Employees cover travel on the job, materials, or courses themselves, anticipating quick reimbursement by employers. Precise reimbursement policies enable employers to track expenses […]