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Payroll taxes are one of those necessary evils that we hate at the time but appreciate later when we reap the benefits they provide – Social Security, Medicare, unemployment insurance, and other social insurance programs. In order to save money on payroll taxes for both the company and its employees, many business owners set up pre-tax deductions for insurance premiums without understanding the documentation that is required by the Internal Revenue Service (IRS) and the restrictions that apply.

As this year draws to a close it’s time for business owners and managers to start thinking about how to position their company for success in 2023. Here are five human resources tips to help you prepare for the year ahead.

‘Tis the season for the office party … for many companies this will be the first company-sponsored social gathering since the COVID shutdown in 2020. How do you make sure that your party is merry and bright and not an opportunity for embarrassing behavior or other mishaps that will create serious problems in the workplace?

Are small businesses at risk for cyber attacks? While media coverage focuses on large companies that have been hacked or paid large ransoms to regain access to their data, 43% of cyber attacks target small businesses; 60% of small businesses that are victims of a cyber attack go out of business within six months according to Maddie Shepherd, a contributing writer for Fundera.