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Silicon Valley Bank Collapse: The Accounting Impact
On Friday, March 10th, 2023, Silicon Valley Bank (SVB) collapsed. It was the most significant bank failure since the 2008 global recession. Its collapse has been felt by all its customers, but it’s also made everyone double-check their banking institution to ensure they are on stable ground. While this news is undoubtedly alarming for businesses and […]
myPay Solutions
If you are an employee whose company uses myPay Solutions for payroll services, and you are in need of support, please contact your on-site Payroll Administrator for assistance. We are unable to reply to requests for assistance through this website. Data Security As a trusted global technology company, our digital security is among the best, […]
FAQ: Tax Implications of the Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) has been a valuable resource for eligible employers who have kept their employees during the COVID-19 pandemic. However, questions still arise regarding the tax implications.Does the employee retention credit reduce the expenses that an eligible employer could otherwise deduct on its federal income tax return?Yes. Section 2301(e) of the CARES Act […]
6 Signs You Need to Outsource Payroll
Payroll may seem straightforward when you start your business, but as it grows, it becomes a much more significant investment of your time and energy. Outsourcing payroll is an option many businesses use to ensure their payroll is taken care of by a professional while giving them more time to focus on their business.If you’re […]
A Guide to Global Payroll Processes and Strategy
Organizations with employees in multiple countries require a different approach to their payroll process and strategy than organizations that don’t.Delivering an accurate and reliable payroll experience in a variety of languages and currencies while adhering to compliance and legalities in each specific country can be a daunting challenge.The process of running global payroll can put […]
Paid Family & Medical Leave in Oregon and Colorado: What Do You Need to Know?
US businesses have had to introduce more flexibility in response to the COVID-19 pandemic. With remote working, sickness and isolation thrown into the mix, it has since created a greater need for employment security, especially for employees. Since March 2020, legislators in the United States have introduced further regulations for companies regarding paid leave.As well […]
Nevada Payroll Services: Laws, Regulations, and Rules
Since the pandemic, dramatic changes to local, state, and federal laws have made payroll management more confusing than ever. Even for the most experienced employer, updated policies can turn payroll into a daunting process – especially with the threat of steep penalties.To support Nevada business owners, CAVU HCM’s team of experts has created a comprehensive […]
Navigating 2023 Holidays and Payroll: A Guide for Employers
In 2023, federal employees will be granted 11 paid holidays, but many private sector employers have questions about observance dates, observance best practices, and how federal holiday timelines will impact payroll scheduling and policy.In this article, we’ll offer an overview of forthcoming federal holidays in 2023 and offer guidelines on how to prepare payroll and […]
Payroll Rules in the UAE, Dubai and Abu Dhabi
The economy of the UAE, Dubai, and Abu Dhabi is fuelled by many factors with oil and gas, financial services, real estate, international trade, aviation, and tourism among its chief industries.There is one key element which unites businesses from all these sectors – the requirement to pay staff in line with UAE payroll regulations. That […]
Do Employers Need to Pay for Jury Duty?
When an employee is summoned for jury duty, many employers are unclear about their obligation to pay (or not pay) an employee for time spent fulfilling this civic responsibility. Whether it’s understanding federal policy, variations in state policies, or developing jury duty pay protocols within your organization, we’re here to help your business prepare for […]
Best Practices for Managing Global Teams
The success of a global business can hinge on its ability to manage its international workforce. The effective management of global teams is of vital importance to multinational companies and those operating in foreign markets. It even has benefits for businesses based in one country with international remote workers from a diverse range of backgrounds.Leading […]
