The IRS has updated its 2018 withholding tables to reflect provisions of the Tax Cuts and Jobs Act. Employers use these tables to determine withholding from employees’ paychecks. But it’s your responsibility to ensure you’re withholding enough.

You may be required to carry workers’ compensation insurance for W-2 employees. But no one says you can’t look for ways to reduce the cost of coverage. The key is to lower your company’s risk. Here are a few ways you can accomplish that:

One of the advantages of operating your own business is hiring family members.  If you are self-employed, hiring your children to work for you can provide spending money for them and tax savings for you. But make sure you follow the guidelines.

Earlier this year new overtime rules were published modifying the regulations under the Fair Labor Standards Act (FLSA). The final rules are effective December 1, 2016.

The rulings may impact the way you classify and compensate your employees.