Profit Strategies, Inc.

09/05/2023

So friends on MediCare in California, things could be changing soon. SB 770 is a bill advancing Single Payer in California. They are looking to take billions of dollars now going for MediCare and MediCal benefits to fund this California health system. Do you trust them to manage it well??
Here's an excert from the bill: d) The elimination of the distinctions that currently exist among the disparate systems of Medicare, Medi-Cal, employer-sponsored insurance, and individual market coverage to the greatest extent possible.

06/29/2023

HELP CLIENTS GET REIMBURSED FOR COVID-19 PAID SICK LEAVE
Updated on: June 16, 2023 | By Word & Brown General Agency | California

Your small business clients may be eligible to apply for reimbursement of costs incurred in connection with the California COVID-19 Supplemental Paid Sick Leave program. Qualifying employers are eligible for $5,000 to $50,000.

Funds awarded can be used solely to reimburse California employers that offered COVID-19 Supplemental Paid Sick Leave between January 1, 2022, through December 31, 2022. Only businesses with 26 to 49 employees qualify for the reimbursement program.

Employer-applicants for the COVID-19 Paid Sick Leave Relief Program must provide employee payroll records showing that COVID-19 Supplemental Paid Sick Leave funds were used to pay employees.

Lendistry, a fintech firm based in Southern California, was selected by the state as the administrator for the state relief program. Applications are being reviewed as received. Interested employers need to apply as soon as possible, as funding is limited and could run out before all applications are considered.

Additional information regarding the California Supplemental Paid Sick Leave Grant program, including eligibility upon request at [email protected]

01/31/2023

Retiring three years before
the age of 65 more than
doubles the chances of
not being able to meet
retirement income needs,
according to research
from asset management
firm Allspring Global
Investments. Conversely,
working part-time for
as little as 10 hours per
week in the five years
after turning 65 cuts the
chances of not having
enough retirement income
by more than half from
12% down to 5%.
(SOURCE: ALLSPRING GLOBAL INVESTMENTS)

12/14/2022

With the holiday season here, we should all be aware that it’s common to see an increase in phishing attacks. It’s important for all of us to be especially guarded during this time, both at work and in our personal lives. Here’s a list of the top themes currently used in phishing emails to help spot these attacks:

• Fake Microsoft notification – These typically follow a format asking that you update your account, and can link to a website intended to steal your password and MFA code. Always check a link before clicking to make sure it’s what you expected.

• Some variation of sending an invoice or payment- Attackers will commonly send fake invoices or related documents as attachments, in attempt to deliver malware. As always, be very cautious opening unexpected attachments.

• Notice that you’ve received a gift or package – These are especially relevant during the holidays, and can be very tempting to click on. Remember to check the sending email address and any links for appropriateness.

• Executive impersonations – These are known as Business Email Compromise (BEC) attacks and involve an attacker pretending to be an executive reaching out asking for help. It’s typical the attackers will ask for some sort of money to be transferred. If you receive an unexpected email requesting money movement, be sure to confirm that the sender is legitimate. Note that a variation involves attackers pretending to be an external third party like a vendor, again asking for some transfer of money or bank account update.

07/20/2022

Did you know the US Government monthly report of Job Openings and Quits is based on data from 20,700 American Businesses and then used to extrapolate for all 9.4 Million Businesses across the US. So 1% of the businesses actually report.

06/06/2022

Social Security Trustees announced on June 2nd that the trust fund backing Social Security benefits would be zero in 2034. This DOES NOT mean you won't get social security. Rather it means your benefits would drop to 77% of the originally promised level. In 2007 the Fund was projected to be depleted in 2042.

06/03/2022

Investigations

Topics will include:
• Implicated laws
• General law requirements
• Responding to a claim step by step
• Confidentiality
• Retaliation claims by alleged victims
• Wrongful termination claims by alleged perpetrators

About the presenter:
Adam K. Treiger is a founding partner of Stowell, Zeilenga, Ruth, Vaughn & Treiger LLP, a business law firm in Westlake Village, California. Mr. Treiger concentrates his practice on complex employment and business law counseling and litigation. His practice focuses on wage and hour, discrimination, harassment, trade secrets and wrongful termination issues and disputes, and on preparing business agreements, forming legal entities, and handling mergers & acquisitions. In addition to individuals and businesses, Mr. Treiger also represents numerous religious institutions and private schools. Mr. Treiger is an adjunct professor at California Lutheran University, is a Super Lawyer, is the Group Leader of Provisors' Westlake Village 3 Group, and is Board Vice President and Legislative Committee Chair of East Ventura County Employer Advisory Council.

Register:

Workplace Investigations June 15, 2022 7:30 am - 9:00 am In this seminar/webinar, attorney Adam Treiger will review conducting workplace investigations stemming from harassment, violence, and discrimination.

06/02/2022

Did you know for every $1000 paid by MediCare, an Employer Sponsored plan would pay $2240.
MediCare is subsidized! Seniors pay less for care (in some cases less than cost). Individuals and Insurance companies pay more for the same procedures.

05/12/2022

Half-Day Seminar: Avoiding Problems "IRL" with Remote and In-Person Employees with speaker/attorney Meghan B. Clark of Clark*Everson LLP. We will cover job applications, work schedules, performance evals and HR issues. In-person and Zoom on 5/18. Register: https://eastventuraeac.org/events/avoiding-problems-irl/

03/09/2022

Administering benefits during employee leaves is always challenging, but the pandemic adds another level of complexity. During this program we will discuss how to administer employee benefits when an employee goes out on leave under FMLA, CFRA, and PDL — supplemented with a discussion of federal and state leave laws that apply during the COVID-19 pandemic. The program will address which benefits employers must offer, for how long, and how are they paid for. Designed to answer common questions employers and insurance agents often hear, this program will include examples, best practices, and action items.

https://eastventuraeac.org/events/employee-leave-laws-and-benefits/?

Employee Leave Laws and Benefits in a Pandemic Details Price Qty In Person - Early Bird Discountshow details +hide details - $35.00 (USD)   Quantity Details Early Bird discount. In person ticket includes buffet breakfast. Price Name Description Amount In Person - Early Bird Discount $35.00 (US...

01/21/2022

Fun Facts:
The top 10% of taxpayers in 2019 made at least $154,589. And they paid 71% of all federal income tax. The bottom 90% paid 29% of all federal income tax.

12/20/2021

Did you know? The government surveys 60,000 households each month in order to estimate the unemployment rate. That's 60,000 out of 125.8 million households! So 1 out of every 2097 households is the source of our jobless rate data.