Are You Ready for Retirement?: Essential Information on IRAs and 401(k)s

by Kara Vincent @ LRRCU

Tue Aug 22 03:05:44 PDT 2017

While you’re young, you may not be thinking about saving for retirement. You’re probably more focused on paying off student loan debt, searching for a job, or buying a house. But, starting to save for your financial future early will only benefit you in the long run. Start your retirement planning as early as you can. Think […]

The post Are You Ready for Retirement?: Essential Information on IRAs and 401(k)s appeared first on LRRCU.

What Is an FEIN?

by Mike Kappel @ Payroll Tips, Training, and News

Mon Feb 26 05:10:00 PST 2018

When you run a business, you must meet many IRS requirements. You might need an FEIN to identify your business on documents like payroll tax forms. What does FEIN mean? What is an FEIN? FEIN is an acronym for Federal Employer Identification Number, also known as an EIN. This unique, nine-digit number is used by […]

The post What Is an FEIN? appeared first on Payroll Tips, Training, and News.

What are the Benefits of Fiber?

by The Editor @ Research Summary

Sun May 21 12:27:33 PDT 2017

Plant fiber plays a vital role in our nutritional cycle but it is poorly understood by the majority of people.  Nutritionists divide fiber into two categories: soluble fiber and insoluble fiber.  The distinction between these types of fiber is significant because it…

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The Heartbleed Bug: Is your information protected?

by anna @ BASIC » BASIC – COBRA Outsourcing, FMLA & Payroll Outsourcing, Flexible Spending Account Administration

Mon Apr 28 06:40:36 PDT 2014

One of the largest internet security threats in history is breaching and compromising many of the websites you use every day. The Heartbleed Bug affects websites using an OpenSSL format, allowing the potential for anyone to access and read any encrypted data sent between your computer and a server. This encryption flaw allows for disclosure

Somerville National Bank Converts to an Ohio State Chartered Bank.

by somerville @ Somerville Bank

Wed Dec 27 08:36:06 PST 2017

Somerville National Bank’s Board of Directors announced that we have converted from a national bank charter to an Ohio state chartered bank and changed our name to “Somerville Bank.” The conversion is not expected to affect the our shareholders, customers, or employees in any way. All deposits will remain insured through the FDIC. The charter […]

The post Somerville National Bank Converts to an Ohio State Chartered Bank. appeared first on Somerville Bank.

Benefit Statements

by basicadmin @ BASIC » BASIC – COBRA Outsourcing, FMLA & Payroll Outsourcing, Flexible Spending Account Administration

Thu Oct 25 06:28:49 PDT 2012

Benefit Statements

No Bank Account? No Problem.

by Nikki Huggins @ Accuchex Payroll

Tue Jun 21 11:32:00 PDT 2016

All of my employees have direct deposit!  How great would that be if it that statement were true for your company? No more wasting time and gas picking up checks for those few employees who are still receiving live checks. What a hassle! We completely understand...

The post No Bank Account? No Problem. appeared first on Accuchex Payroll.

Store Credit Cards, Balance Transfers & More: Make the Smart Money Decision

by Liz Oliver @ LRRCU

Fri Oct 13 08:55:31 PDT 2017

Every day we’re faced with making decisions about our money. What feels like a smart money choice in the moment may have repercussions in the future. You might be tempted to save money on a purchase now only to have your credit score suffer.  You might choose to delay payments on a big ticket item […]

The post Store Credit Cards, Balance Transfers & More: Make the Smart Money Decision appeared first on LRRCU.

What Will Make the IRS Audit Your Business?

by Donna Marks @ Windfall

Fri Apr 22 13:16:43 PDT 2016

The IRS keeps the exact criteria it uses for auditing select business tax returns a secret. The audit process includes some random selection, but there are certain triggers that are known to make an audit more likely. While an audit shouldn’t be a concern if you file your taxes accurately, understanding the common audit triggers […]

The post What Will Make the IRS Audit Your Business? appeared first on Windfall.

Inheritance Scams are Evolving – Know What To Look For!

by aspire @ Aspire Federal Credit Union

Thu May 11 09:40:40 PDT 2017

Who doesn’t dream of becoming an instant millionaire? You might even have some detailed plans for how you’d spend an unexpected windfall if it were to happen. Imagine if a distant relative who’d been rolling in the stuff suddenly passed on and left you as their sole heir. Your dreams could now become a reality!... Read More

The post Inheritance Scams are Evolving – Know What To Look For! appeared first on Aspire Federal Credit Union.

7 Simple Tips for How to Manage Credit Cards Wisely

by Eric @ White Rose Credit Union

Wed Nov 29 09:00:34 PST 2017

If you don’t use a credit card responsibly, it’s extremely easy to fall into debt up to your eyeballs. Credit cards are powerful tools that can help or hurt your money management skills. Discover how to manage credit cards wisely so you can fully enjoy their benefits.

The post 7 Simple Tips for How to Manage Credit Cards Wisely appeared first on White Rose Credit Union.

8 home renovations with a great ROI

by bmoney @

Thu Feb 09 13:00:36 PST 2017

Add more than $1,400 in value to your home with these tips. Nearly half of all homeowners who get a home equity line of credit use it to pay for renovations, according to a BMO Harris report. And with good … Read more

The post 8 home renovations with a great ROI appeared first on Your Financial Life.

How to Choose Your Travel Rewards Credit Cards

by Donna Marks @ Windfall

Thu Jun 02 08:11:07 PDT 2016

Travel rewards credit cards—you get advertisements for them all of the time, and not just from your bank, but from airlines, hotel companies, and cruise lines as well. Used wisely, these credit cards can be highly lucrative and earn you all kinds of rewards, from hotel perks and flight upgrades to free trips for you […]

The post How to Choose Your Travel Rewards Credit Cards appeared first on Windfall.

What are the Benefits of Search Engine Optimization?

by The Editor @ Research Summary

Mon Apr 04 09:00:20 PDT 2016

When the Internet, especially the World Wide Web, became a conduit to a mass audience in the late 1990s advertisers and marketers began reluctantly turning their attention to how to reach that online audience and connect with it. But before…

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What are the Benefits of Coal?

by The Editor @ Research Summary

Wed Aug 23 23:55:06 PDT 2017

Coal is one of the most controversial sources of modern energy.  In America about 29% of the electricity we use is generated by power plants that burn coal.  Coal is a plentiful but non-renewable resource.  But coal is a form…

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4 Financial Resolutions To Start Any Day of the Year [Downloadable Family Budget Worksheet]

by Kara Vincent @ LRRCU

Thu Dec 28 00:09:30 PST 2017

Who says resolutions have to start on New Year’s Day?  Get yourself started whatever day you feel inspired.  Here are few important financial goals that you can begin whether it’s January 1, August 1 or a random Tuesday in November. #1: Look at the Financial Big Picture – Use Our Family Budget Worksheet You feel […]

The post 4 Financial Resolutions To Start Any Day of the Year [Downloadable Family Budget Worksheet] appeared first on LRRCU.

What are the Benefits of Probiotics

by The Editor @ Research Summary

Wed Apr 20 09:00:10 PDT 2016

Probiotcs are live or dead bacteria or yeasts, or even portions of dead bacteria or yeasts, that promote the growth of “good” bacteria in your digestive system or which contribute in some direct way to your body’s digestive health. Research…

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IMHRO: Open Office Floor Plans Create a Collaborative Culture

by Namely Team @ Namely: Blog

Thu Feb 22 08:49:52 PST 2018

This HR professional shares how working in an open office has benefitted her team.

What Should HR Do When a Manager is Dating a Direct Report?

by Rachel Bolsu @ Namely: Blog

Thu Mar 08 01:30:00 PST 2018

8 HR pros weigh in on how they would handle this case of love at work.

Top 5 Holiday Shopping Tips to Save You Money

by somerville @ Somerville Bank

Mon Nov 27 09:07:22 PST 2017

It is a known fact that your bank account and your credit have the potential to get hit hard during the holiday season. According to the national survey conducted by Prosper Insights & Analytics, the average consumer spent over $935.00 during the 2016 holiday season. This total included food, postage, greeting cards, decorations, and gifts. […]

The post Top 5 Holiday Shopping Tips to Save You Money appeared first on Somerville Bank.

How to Use Employee Benchmarks

by Alexis Croswell @ Namely: Blog

Thu Mar 01 09:04:14 PST 2018

Engagement surveys are a great source of employee feedback, but collecting responses is only the first step.

How To Be Financially Smart At Any Age

by Kara Vincent @ LRRCU

Thu Aug 31 08:18:27 PDT 2017

  As you go through the stages of life what it means to be “financially smart” will change. A smart financial move when you’re approaching your 40s is not the same as a smart financial move for a 19-year-old in college. At 40, there are more things to consider when making decisions about your money, […]

The post How To Be Financially Smart At Any Age appeared first on LRRCU.

What are the Benefits of Direct Deposit?

by The Editor @ Research Summary

Sun Nov 12 17:18:48 PST 2017

A direct deposit is an electronic transfer from an employer’s payroll account to one or more bank accounts controlled by employees.  Direct deposit has steadily grown in popularity throughout the western world over the past few decades.  However, several requirements…

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What are the Benefits of Global Warming?

by The Editor @ Research Summary

Sat Feb 25 09:03:41 PST 2017

Make no mistake about it: the Earth is getting warmer no matter how many Republicans want to deny it.  If there is anything left to argue about it is how much human activity directly affects the changes in temperatures, and…

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Consult This Employee Termination Checklist to Keep Things Running Smoothly

by Rachel Gray @ Payroll Tips, Training, and News

Wed Mar 07 05:10:00 PST 2018

Employees leave companies every day to pursue growth opportunities, accommodate personal lives, or experience change. As an employer, you hope employees won’t leave your business, but you know this is wishful thinking. When an employee resigns, you need to know what to do. The average annual overall turnover rate is 19%, according to SHRM. If […]

The post Consult This Employee Termination Checklist to Keep Things Running Smoothly appeared first on Payroll Tips, Training, and News.

5 Best Hotel Rewards Programs

by Donna Marks @ Windfall

Mon May 16 07:15:04 PDT 2016

You may have noticed that one of the top ways to save money on hotels is by joining a hotel rewards program. So, which one do you pick? The best hotel rewards program is something only you can decide depending on the hotels you like (luxury, budget, kid-friendly, etc.), the types of perks you prefer […]

The post 5 Best Hotel Rewards Programs appeared first on Windfall.

1099-C: What You Need to Know About This IRS Form

by Accuchex Payroll @ Accuchex Payroll

Fri Oct 30 06:21:56 PDT 2015

By: Jordan Wathen, The Motley Fool Most people are in for a surprise when they receive a 1099-C, never realizing that canceled debt is often treated just like any other dollar of ordinary income. Creditors record canceled debts on a form 1099-C, which is then...

The post 1099-C: What You Need to Know About This IRS Form appeared first on Accuchex Payroll.

What Does Pay Frequency Mean?

by Michele Bossart @ Payroll Tips, Training, and News

Wed Feb 21 05:10:38 PST 2018

When you have employees, you need to run payroll so they can receive their wages. Before paying employees, you need to decide on a pay frequency. Your industry, the number of employees you have working for you, the type of workers you have, and legal requirements determine your pay frequency. But first, what does pay […]

The post What Does Pay Frequency Mean? appeared first on Payroll Tips, Training, and News.

A Look at Federal, State, and Local Minimum Wages

by Mike Kappel @ Payroll Tips, Training, and News

Wed Mar 21 05:30:00 PDT 2018

You can’t just pay your employees any amount you want. You must follow federal, state, and local laws that set minimum wages. What is minimum wage? Minimum wage is the lowest amount you can pay an employee per hour of work. You can pay more than the minimum wage, but you should never pay less […]

The post A Look at Federal, State, and Local Minimum Wages appeared first on Payroll Tips, Training, and News.

What are the Benefits of Reading Body Language?

by The Editor @ Research Summary

Tue Apr 12 09:50:25 PDT 2016

Body language consists of the positions, gestures, and whole body movements we use to share how we are feeling or what we are doing.  Despite what you may see on television or read on the Internet, there is no way to…

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Should You Offer a Nonqualified Deferred Compensation Plan?

by Mike Kappel @ Payroll Tips, Training, and News

Mon Mar 26 05:10:00 PDT 2018

You know employees like employer-sponsored benefits. As an employer, offering benefits is advantageous for your business, too. A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it […]

The post Should You Offer a Nonqualified Deferred Compensation Plan? appeared first on Payroll Tips, Training, and News.

The Advantages of Choosing a State Charter Bank

by somerville @ Somerville Bank

Mon Jan 08 10:27:59 PST 2018

At the start of the New Year, we here at Somerville National Bank acquired a State Charter. We are now pleased to announce that we are now Somerville Bank. Essentially, this means that we are authorized for the state, by the state and we are capable of engaging in most of the same functions as […]

The post The Advantages of Choosing a State Charter Bank appeared first on Somerville Bank.

Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount

by Rachel Gray @ Payroll Tips, Training, and News

Wed Feb 28 05:10:52 PST 2018

It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks. This article provides an overview of employment taxes […]

The post Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount appeared first on Payroll Tips, Training, and News.

What are the Benefits of Using an Electric Car?

by The Editor @ Research Summary

Mon Mar 19 08:38:41 PDT 2018

The electric cars have a long history but only recently have become more popular. For a long time, gas powered cars dominated the roads since Henry Ford was able to create the ability to mass-produce gas powered cars. The electric…

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How a Credit Union Can Help You Save Money

by aspire @ Aspire Federal Credit Union

Tue May 23 10:17:14 PDT 2017

With trust in big banks declining, more people are turning to credit unions as their financial institution of choice. And this means more people are learning how credit unions allow you to save more money. Here are the big benefits making a difference: No Minimum Balances Many banks have checking accounts that require a minimum... Read More

The post How a Credit Union Can Help You Save Money appeared first on Aspire Federal Credit Union.

Where to Find White Rose’s Routing Number on Your Check

by Eric @ White Rose Credit Union

Thu Dec 07 08:08:16 PST 2017

Where is the routing number located on a check? Whether you need to set up direct deposit or transfer money to pay bills – you may be asked for your financial institution’s routing number. You can find that number on the bottom left portion of the checks provided when you open a checking account.

The post Where to Find White Rose’s Routing Number on Your Check appeared first on White Rose Credit Union.

What You Need to Know About a Qualifying Life Event

by Rachel Gray @ Payroll Tips, Training, and News

Mon Mar 12 05:10:40 PDT 2018

Employees have a window of time each year to sign up for certain types of employer-sponsored insurance. Although this open enrollment period takes place at the end of each year for all employees, an employee can add or remove coverage at any time of the year if they have a qualifying life event. What is […]

The post What You Need to Know About a Qualifying Life Event appeared first on Payroll Tips, Training, and News.

Here’s What Gen Z Means for the Future of Work

by Emily Smul @ Namely: Blog

Thu Mar 01 08:41:03 PST 2018

Now that you finally figured out millennials, a new generation is entering the workforce.

5 Important Lessons Adam Grant Can Teach HR

by Rachel Bolsu @ Namely: Blog

Thu Mar 15 10:13:37 PDT 2018

Here’s what we can learn from one of the most influential management thinkers and HR Redefined’s keynote speaker.

Is Friday Really the Most Common Day for Terminations?

by Andy Przystanski @ Namely: Blog

Wed Mar 21 10:53:30 PDT 2018

Saying goodbye is never easy—well, depending on what day it is.

What are the Benefits of Apple Cider Vinegar?

by The Editor @ Research Summary

Mon Mar 28 09:00:58 PDT 2016

For years natural health and remedy Websites have been promoting the use of Apple Cider Vinegar as a home remedy for many different ailments. These alternative medicinal therapies are traced back hundreds and possibly thousands of years but up until…

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The Top 5 Advantages of Joining a Credit Union in 2018

by Eric @ White Rose Credit Union

Wed Dec 20 06:00:39 PST 2017

Credit unions exist to give consumers a financial choice. Banks are not your only option! Discover the top five advantages of joining a credit union this upcoming year.

The post The Top 5 Advantages of Joining a Credit Union in 2018 appeared first on White Rose Credit Union.

4 ways your HELOC could help with hefty expenses

by bmoney @

Thu Feb 09 09:00:24 PST 2017

If you have equity in your home, you may be able to use it to borrow money for renovations, big-ticket expenses — or to finance another purchase or project. A home equity line of credit (HELOC) offers access to funds … Read more

The post 4 ways your HELOC could help with hefty expenses appeared first on Your Financial Life.

Credit Report – A Basic Guide for Consumers

by somerville @ Somerville Bank

Mon Feb 26 02:20:37 PST 2018

A credit report is a specially-designed statement that includes specific information about past and current credit activity which has a direct impact on an individual’s capability to receive loans, financing, and other types of monetary assistance. Credit reports are created by companies, bureaus, and/or consumer-based reporting agencies that specialize in collecting and storing financial-based information […]

The post Credit Report – A Basic Guide for Consumers appeared first on Somerville Bank.

What are the Benefits of Streaming Television Shows?

by The Editor @ Research Summary

Wed Mar 14 11:31:14 PDT 2018

How we subscribe to watch Television Shows has shifted significantly with the creation of Smart TVs, and streaming services like Hulu, Netflix, and Amazon Prime. There are significant benefits to subscribing to a streaming service over paying for traditional cable.…

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What Revised Overtime Compensation Regulation Means for Your Business; How Avoid Costly Mistakes

by Donna Marks @ Windfall

Mon Apr 25 06:15:14 PDT 2016

As a small to mid-size business owner, your list of to dos is never ending. Somewhere between hiring employees and delivering on your corporate mission comes a little thing called payroll. How is your company currently handling compensation? Before your employees can start logging hours, you need to make payroll distribution a top priority to […]

The post What Revised Overtime Compensation Regulation Means for Your Business; How Avoid Costly Mistakes appeared first on Windfall.

Summary of Benefits and Coverage

by basicadmin @ BASIC » BASIC – COBRA Outsourcing, FMLA & Payroll Outsourcing, Flexible Spending Account Administration

Thu Oct 25 06:29:09 PDT 2012

Summary of Benefits and Coverage