The Ohio BWC Approves $1 Billion Rebate

The Ohio Bureau of Workers’ Compensation (BWC) has approved the distribution of $1 billion in cash rebates to 210,000 Ohio employers. The BWC board approved a 2.1% average reduction in base rates for private employers that will account for an aggregate savings of $29 million for the policy period July 1, 2013 through June 20, 2014. The…

Silver Lining to Tax Cloud Hovering over Small Business Values

Tax changes kicking in for 2013 have deflated small business values, but there are more transactions as buyers hope to get a good price, according to a new study from BizBuySell, the online business-for-sale marketplace.

Brokers surveyed say they are currently seeing an increase in the number of deals being completed, compared to the same…

Employee Payroll Taxes are Set to Increase in 2013

Employee Payroll Taxes are Set to Increase in 2013. For 2011 and 2012, employees have received a break on their wage withholdings.  The Old-Age, Survivors, and Disability Insurance (OASDI) rate – previously 6.2% – was reduced to 4.2% for these two years.  In 2013 the rate is scheduled to go back to 6.2%.

The OASDI, also…

Small Business Lending Starting to Thaw?

As a member of the Hamilton County Development Company SBA Loan Review Committee, I am beginning to see more activity in loan requests, both in new loans and refinances. This is good news for our local Cincinnati economy as the loan activity increases, so too will employment (eventually). The following article addresses this on a…

Jobs Growth Slows in August

The September 7, 2012 Bureau of Labor Statistics is out.  Jobs growth slowed more than expected in August, setting the stage for the Federal Reserve to potentially pump additional money into the sluggish economy next week.  Economists polled by Reuters had expected payrolls to rise 125,000 last month, but some had pushed their forecasts higher…

Are you at Risk for Internal Fraud?

Do your workers know how to report misconduct internally? Are they comfortable when doing so? 

Research shows that, despite the best efforts of many entities, most corporate environments usually fall short in alerting their employees of the importance of reporting misconduct internally and making them comfortable when doing so. With the U.S. federal government opening…

Have You Considered Variable Pay as a Part of Your Company’s Compensation Plans?

Employers nationwide are searching for inventive ways to tie employees’ pay to individual and company performance, while still remaining attractive in a competitive job market. “Variable” compensation is one way to accomplish these objectives and seems to be the wave of the future.

Variable compensation is becoming a more common method for rewarding employees while…

Our Team Discusses Working at Cassady Schiller

Cassady Schiller is always looking for great people to share in our success. In addition to a generous compensation and benefits package, a career development program tailored to your individual needs and an exciting and rewarding professional experience, you get to work with a great team dedicated to helping clients and colleagues succeed.

Our clients…

Wandry v Commissioner is a Big Win for Gifting

Background – Wandry (donor) transferred gifts of specific dollar amounts of membership units in a limited liability company (LLC). Pursuant to gift documents, units of the donors’ LLC were transferred to their children and grandchildren. The documents specified that the fair market value of the units was unknown at the time of the…

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Worker Classification

Worker Classification Issues are a Top Priority on Washington’s Agenda. Since independent contractor classifications result in lower federal employment taxes for businesses, a worker’s classification has always been a contested issue between the government and business sectors. This is complicated by the vague classification process of a “facts-and-circumstances test”, based upon whether or not the business…