We know how hard you work to keep your Polk County business afloat, especially in uncertain times. From taking care of clients, making sales, and keeping your employees happy, it can get overwhelming.
But have you ever stopped to think about the nitty-gritty details of your business’s compliance regulations like, worker’s comp regulations, payroll liabilities, and unemployment claims? We know it sounds tedious, but these elements of running a successful business are crucial.
That’s where KB Staffing comes in. We get it! You don’t have time to play detective on your compliance requirements all the time.
Our team not only has a thorough understanding of these regulations, but we also stay up-to-date on the latest changes.
That’s why we are here to help make sure you stay on the right side of the line. Let’s take a closer look at why worker’s comp regulations, payroll liabilities, and unemployment claims are vital to your company’s success.
Worker’s Compensation
Worker’s compensation insurance is mandatory in most states for businesses with employees. This insurance is designed to cover medical expenses and lost wages if an employee is injured or becomes ill on the job. These claims can be costly, and without proper coverage, you could be on the hook for those expenses.
Payroll Liabilities
Payroll liabilities cover any amount owed to the government related to payroll taxes. These taxes include social security, Medicare, and federal income taxes.
Failing to pay these taxes on time can lead to hefty fines and interest rates, ultimately hurting your business’s bottom line. Moreover, these liabilities can come without warning, and potential complications could even spur audits.
Unemployment Claims
As an employer, you play a critical role in managing unemployment claims from previous employees claiming unemployment benefits.
Unfortunately, if done inaccurately, it can bite you in the rear. The cost to dispute claims can be insurmountable, not to mention it can also increase your tax rate for years, costing the business more money.
Why Choose KB Staffing?
The team here at KB Staffing is well-versed in handling these intricate ins and outs of compliance regulations. We have a team of compliance experts who specialize in Central Florida’s regulations and who stay up-to-date on any changes in worker’s comp regulations, payroll liabilities, and unemployment claims.
By partnering with us, you can rest easy in the knowledge that we have got your back. We’ll make sure that your business remains compliant with all the latest regulations and advise you on any changes that may impact your business.
That way, you’ll be able to focus on what matters most — running your business.
