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Compliance Checklist: Federal Employment Laws You Need To Know At Every Stage Of Your Company’s Growth

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With a fast-growing small business, compliance is just one of many things on your to-do list, behind hiring, improving operations, and fine-tuning your products. Employers must properly classify and pay employees a corresponding minimum wage, while following overtime and child labor standards. Employers may only hire those who can legally work in the United States and must maintain up-to-date I-9 forms for all employees. Equal Pay Act (EPA), via EEOC.

Guide to Gender Pay Equity for Smaller Employers

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Are men and women being paid the same salaries for doing the same work within your organization? According to Forbes , 92% of employers believe they are paying staff fairly, while only 65% of employees believe the same. But the reality is that out of the approximately 6 million businesses operating in the US, 90% have fewer than 20 employees. Small and medium-sized businesses account for 50% of the total employment in the US.

5 FAQs About Federal Compliance for Small Businesses

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It’s a good thing American business owners “pull themselves up by their bootstraps” because wading through the muck of federal compliance and tax codes is a messy business indeed– those boots might come in handy. Research from several companies, small business groups—and even the government itself—confer federal tax complexity is one of the most bewildering tasks a small business faces. What is the cost of noncompliance, and how often are small businesses penalized?