March 3, 2023

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Everything you need to know about employee benefits

Happy Employee Appreciation Day! Today is a great opportunity to do something a little extra for your employees—but as a business owner it’s crucial to recognize and support your employees all year round. One of the most effective ways to do that is by offering thoughtful benefits and perks.

Whether you want to create a benefits plan for the first time or revamp your current program, Gusto has you covered. This roundup of employee benefits resources breaks down which benefits are most valuable and gives you step-by-step guidance on setting up a benefits program for your business. 

In the meantime, if you need a fun way to observe Employee Appreciation Day, check out Bonusly’s interactive ad libs game

An unconventional approach to setting financial goals

How often do you set a financial goal for your business, only to struggle to reach it? Goal-setting can be a helpful tool in the process of defining your vision or growing your business, but it has serious limits. In one of our latest articles, Paco de Leon, finance expert, author, and founder of Hell Yeah, Bookkeeping, explains why goal-setting needs a new approach. 

She warns of the danger of focusing on outcomes over process, talks about the importance of creating flexibility in your goals, and shares practical strategies for improving the habits and behaviors behind your goals. For thought-provoking ideas and actionable takeaways, read the full article here.  

All the important tax, payroll, and HR compliance deadlines in March

If your business operates on a calendar year, March is the last quarter of Q1—and a pretty busy time for compliance, too. S corporation and partnership tax returns are due this month, as are health insurance Forms 1095-B and 1095-C. Plus, there are a handful of critical e-filing deadlines in March for various tax and HR forms, including 1099s and Multiple Employer Welfare Management (MEWA) forms. 

To see all the critical dates and details your business needs to know about, read through our comprehensive March compliance guide.

Read with Gusto

Hey, Talk Shop readers. Caleb Newquist here. Compared to many of my co-workers, I’m a bit more vintage, shall we say. That’s at least part of the reason that I recently wrote about Millennials and their flavor of the midlife crisis. No matter what you may think about the Millennial generation (I’m an Xennial, thanks for asking), I think they might have stumbled upon the right way to deal with the existential unease of midlife. 

Have feedback about this section? Email me. Here’s what else I’m reading:

Fresh from Gusto (and friends)

Watchlist

MAR 8: The Role of the Employee Experience in an Uncertain Economy

With the economy in flux and the war for talent ongoing, it’s more important than ever to hold on tight to talented employees. One of the best ways to do that is by creating an exceptional employee experience. In this webinar, experts from Bonusly and Sora will discuss what it takes to improve the employee experience across industries. You’ll pick up practical tips for how to boost workplace morale, how to interact with employees during times of unrest, and how to foster resilience in your workforce. Register here.

MAR 16 and 29: Understanding Retirement Legislation TodayAre you planning for your and your employees’ retirement? No matter where you’re at with retirement preparation, it’s important to have a good understanding of how the current legislation informs your personal plans and business programs. That’s why Human Interest is hosting this webinar. They’ll go over the current retirement landscape, review upcoming deadlines for state-mandated retirement plans, and discuss tax savings opportunities you might be eligible for. Register here.

Want more news and resources? Check out past editions in our archive.

Mohini Kundu Mohini Kundu is a news editor on the Gusto content team. She studied journalism at Northwestern University and started her career at The Huffington Post before embracing the #startuplife.
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