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Murry Guy, CPA

Recent Posts

Employers: Pay Close Attention To Your Retirement Plan’s Expenses And Fees

Posted by Murry Guy, CPA on Sep 13, 2018

The Department of Labor (DOL) has been known to investigate the reasonableness of retirement plan expenses and the proper use of plan fees. In some cases, the agency has found plans to be in violation for fee-related infringements, which has led to costly assessments to the plan sponsors in question. If your organization sponsors a retirement plan for its employees, you need to pay close attention to its expenses and fees.

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Posted in Payroll, HR & Benefits

Why Employers Are Taking Another Look At Life Insurance As A Fringe Benefit

Posted by Murry Guy, CPA on Aug 24, 2018

In their continuing effort to assemble the most enticing employee benefits package possible, some employers are showing renewed interest in an old favorite: group term life insurance. Although such life insurance coverage had fallen off the radar screens of some employers, it remains an affordable benefit that can pay off for employer and employees alike.

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Posted in Payroll, HR & Benefits

Behavioral Job Interviews Offer A Glimpse Of What Could Be

Posted by Murry Guy, CPA on Jul 31, 2018

Once an employer identifies a prospect for an open position and sets up an interview, another great challenge arises: How do you effectively use the interview to determine whether this person is right for your organization?

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Posted in Payroll, HR & Benefits

Improving a Struggling Employee’s Performance Is a Two-way Street

Posted by Murry Guy, CPA on Jul 27, 2018

It’s easy to get frustrated when an employee is failing to produce the volume or quality of work you’re looking for. A business owner or department manager may even give in to the temptation to play the blame game, pointing a finger at the struggling worker and only exacerbating the situation.

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Posted in Payroll, HR & Benefits

What's The Difference Between A Plan Document and An SPD?

Posted by Murry Guy, CPA on Jul 24, 2018

Most of the health and welfare plans offered by employers today are subject to the Employee Retirement Income Security Act of 1974 (ERISA). Generally, ERISA envisions that employee benefit plans will have both a plan document and a summary plan description (SPD). But, in some cases, a single document may serve both purposes. Let’s look at the difference between the two and under what circumstances they may be combined.

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Posted in Payroll, HR & Benefits

What Employers Should Know About National Medical Support Notices

Posted by Murry Guy, CPA on Jul 03, 2018

An employer may occasionally receive a National Medical Support Notice (NMSN). If this ever happens to your organization, here’s what you should know.

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Posted in Payroll, HR & Benefits

5 Ways To Show Your Commitment To Workplace Safety

Posted by Murry Guy, CPA on Jun 20, 2018

Workplace safety is more than just the law; it makes good business sense. A safe workplace enables well-trained, motivated employees to stay on the job and be productive. In turn, this helps their employer operate more cost-effectively.

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Posted in Payroll, HR & Benefits

Should You File Form SS-8 To Ask The IRS To Determine A Worker's Status?

Posted by Murry Guy, CPA on Apr 04, 2018

Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the IRS is on the lookout for businesses that do this improperly to avoid taxes and employee benefit obligations.

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Posted in Business Tax

The IRS Updated its 2018 Withholding Tables

Posted by Murry Guy, CPA on Feb 09, 2018

Is your employer withholding enough in taxes?

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Posted in Individual Tax

2017 Might be Your Last Chance to Hire Veterans and Claim a Tax Credit

Posted by Murry Guy, CPA on Nov 09, 2017

With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity tax credit (WOTC) can help businesses do just that, but it may not be available for hires made after this year.

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Posted in Tax Planning

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