​Open enrollment is an important period during which individuals can make changes to their health insurance, benefits, and other workplace-related selections. Here are some key considerations people should keep in mind when going through the open enrollment process:

1. Plan Options: Understand the different health insurance and benefit plans available to you. Consider factors like deductibles, premiums, coverage networks, and plan types (e.g., HMO, PPO, or HDHP).

2. Current Coverage: Review your current coverage to identify what worked well and what didn't in the past year. This can help you make more informed decisions for the upcoming year.

3. Life Changes: Take into account any significant life changes that may affect your coverage needs, such as getting married, having a child, or experiencing a change in your health.

4. Budget: Assess your budget and determine how much you can afford in terms of premiums and out-of-pocket costs. Ensure you choose a plan that aligns with your financial situation.

5. Network Providers: Verify that your preferred healthcare providers, doctors, and specialists are in-network for the plan you're considering. Going out of network can be expensive.

6. Prescription Coverage: If you take regular medications, check whether they are covered under the plan and at what cost. Look into formularies to see if there are generic alternatives.

7. Wellness Programs: Some employers offer wellness programs that can help you save money or improve your health. Look into these and see if they're a good fit for you.

8. Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs)**: If available, consider contributing to these accounts for tax benefits. FSAs are used for eligible medical expenses, while HSAs are for those with high-deductible health plans and can be used for medical expenses or saved for the future.

9. Coverage for Dependents: If you have dependents, make sure to enroll them in the appropriate coverage. Assess their healthcare and dental needs.

10. Dental and Vision Coverage: Evaluate whether dental and vision plans are part of your benefits and decide if you need these types of coverage.

11. Disability and Life Insurance: Review any disability and life insurance options provided by your employer. These can be essential for protecting your income and family.

12. Retirement Contributions: If your employer offers a retirement savings plan like a 401(k), consider adjusting your contributions based on your long-term financial goals.

13. Legal Documents: Review and update your beneficiaries on all insurance policies, including life insurance and retirement accounts.

14. Preventive Care: Understand which preventive services are covered at no cost and make sure to take advantage of them for your health.

15. Deadline: Be aware of the open enrollment deadline. Missing it may mean you can't make changes to your benefits until the next open enrollment period, unless you have a qualifying life event.

16. Ask Questions: If you have any doubts or questions, don't hesitate to reach out to your HR department or insurance providers for clarification.

17. Compare Plans: Take the time to compare different plans, either on paper or using online tools provided by your employer, to make an informed decision.

18. Seek Professional Advice: If you have complex insurance needs or are uncertain about your choices, consider consulting with an insurance broker or financial advisor.

19. Record Keeping: Keep records of your selections and any communication related to your open enrollment choices. This can be helpful in case of disputes or issues down the line.

Open enrollment is a critical opportunity to ensure that your healthcare and benefits align with your needs and preferences, so it's essential to make informed decisions.

A Bright Future Beckons with Harper College Apprenticeship Program

The manufacturing industry is in the midst of a transformation, leveraging cutting-edge technology and sustainable practices to redefine its image and appeal to a new generation of professionals. One crucial aspect of this transformation is the emergence of apprenticeship programs, which provide a hands-on learning experience for young talent. In this blog, we will explore how Harper College's Apprenticeship Program is contributing to the renaissance of manufacturing by aligning education and industry needs, making the sector even more enticing for young, aspiring professionals.

1. Modernizing Perceptions of Manufacturing:

   One of the misconceptions about the manufacturing industry is that it lacks innovation and growth. Harper College's Apprenticeship Program is helping debunk this myth by bridging the gap between academia and industry. Through this program, aspiring individuals can gain exposure to modern manufacturing practices, cutting-edge technologies, and a culture of continuous improvement.

2. Showcasing Technological Advancements:

   Harper College's program ensures that apprentices receive training on the latest technologies shaping the manufacturing landscape. From automation and robotics to data analytics, apprentices gain hands-on experience with these tools, preparing them for a tech-forward manufacturing career.

3. Emphasizing Career Growth and Development:

   The Harper College Apprenticeship Program offers a structured pathway for career growth within the manufacturing sector. Through a combination of classroom instruction and on-the-job training, participants can acquire the skills and knowledge required to advance in their careers, potentially leading to managerial or specialized roles within manufacturing companies.

4. Promoting Sustainability and Social Responsibility:

   Sustainability is a key aspect of modern manufacturing, and Harper College incorporates this into its apprenticeship program. Apprentices learn about sustainable manufacturing practices, enabling them to contribute to environmentally responsible and ethically conscious manufacturing processes in the industry.

5. Encouraging Collaboration and Innovation:

   The apprenticeship program encourages collaboration among participants and industry professionals. Apprentices have the opportunity to work alongside seasoned experts, learning from their experiences and contributing fresh perspectives. This collaborative environment fosters innovation and creative problem-solving, essential skills for the modern manufacturing landscape.

Conclusion:

Harper College's Apprenticeship Program plays a pivotal role in attracting young talent to the manufacturing industry by dispelling outdated perceptions and showcasing the dynamic, tech-driven, and sustainable nature of modern manufacturing. By integrating the latest technologies, emphasizing career growth, promoting sustainability, and encouraging collaboration and innovation, the program prepares a new generation of professionals who are vital to driving the industry's success. If you're a young individual aspiring to make a meaningful impact in the manufacturing world, Harper College's Apprenticeship Program is the perfect stepping stone towards a bright future in this evolving industry.

For further information about the Apprenticeship Programs, please contact:
  https://www.harpercollege.edu/apprenticeship/index.php

Besa Sadiku, bsadiku@harpercollege.edu  847-925-6452
Address: 1200 West Algonquin Rd, Palatine, IL 60067-7398
Email: apprenticeships@harpercollege.edu
Phone: 847-925-6630
You may also Request Information or RSVP to attend one of our Information Sessions

​https://www.dailyherald.com/business/20231001/new-and-creative-ways-to-attract-great-talent-to-manufacturing www.dailyherald.com/business/20231001/new-and-creative-ways-to-attract-great-talent-to-manufacturing

This Blog is a little more personal then the normal Business/ Tax Strategy we normally Blog about...

Introduction:
As September comes to a close, it's crucial to shed light on a topic of immense importance: Ovarian Cancer. Ovarian Cancer Awareness Month aims to educate and empower individuals about the signs and symptoms of this silent but potentially deadly disease. Early detection is key to improving survival rates and quality of life for those affected. In this blog, we'll delve into the warning signs of ovarian cancer, equipping you with knowledge that could potentially save lives.

1. Persistent Abdominal or Pelvic Pain:
   One of the early warning signs of ovarian cancer is persistent discomfort or pain in the lower abdomen or pelvis. This pain may be ongoing and not related to menstruation, digestive issues, or physical activity.

2. Bloating or Feeling of Fullness:
   Women with ovarian cancer often experience persistent bloating or a sensation of fullness even after eating small amounts. This can be accompanied by a visible increase in abdominal size.

3. Difficulty Eating or Feeling Satiated Quickly:
   Another sign to be aware of is a change in eating habits. Women may find it challenging to consume their usual amounts of food, feeling full quickly, or having difficulty finishing a meal.

4. Frequent Urination:
   If you notice an increase in the frequency of urination, particularly if it's accompanied by other symptoms, it's essential to consult a healthcare professional. Ovarian cancer can exert pressure on the bladder, causing these changes.

5. Changes in Bowel Habits:
   Persistent changes in bowel movements, such as constipation, diarrhea, or changes in stool consistency, could indicate a potential issue in the pelvic region, including the ovaries.

6. Unexplained Weight Loss or Gain:
   Sudden and unexplained weight loss or gain without changes in diet or exercise should be investigated. This could be a symptom of ovarian cancer or other underlying health issues.

7. Fatigue:
   Chronic fatigue that doesn't improve with rest can be an early warning sign of ovarian cancer. Listen to your body and seek medical advice if you experience persistent exhaustion.

8. Back Pain:
   Constant lower back pain, unrelated to injuries or muscle strain, can sometimes be linked to ovarian cancer, especially if accompanied by other signs on this list.

9. Changes in Menstrual Cycle:
   Any significant changes in menstrual patterns, such as irregular periods, heavier or lighter bleeding than usual, or post-menopausal bleeding, should not be ignored.

10. Pain During Intercourse:
    Ovarian cancer can cause discomfort or pain during sexual intercourse. If this is a new or persistent issue, consult a healthcare provider.

Conclusion:
Ovarian cancer often remains undetected until it reaches an advanced stage, underscoring the critical importance of recognizing warning signs early on. By familiarizing yourself with these signs and symptoms, you can take proactive steps towards early detection, potentially saving lives and spreading awareness beyond Ovarian Cancer Awareness Month. Stay informed, stay vigilant, and prioritize your health.

Labor Day, celebrated on the first Monday of September in the United States, marks more than just the end of summer; it commemorates the contributions and achievements of the American workforce. Beyond its significance as a public holiday, Labor Day has had a profound influence on the world of business, shaping workplace practices, consumer behaviors, and economic trends.

Origin and Purpose

Labor Day's roots trace back to the late 19th century when the labor movement was gaining momentum. The holiday was established to honor the social and economic achievements of workers, including their contributions to the nation's prosperity, growth, and well-being. The labor movement advocated for fair wages, reasonable working hours, and safer working conditions, all of which have left an indelible mark on how businesses operate today.

Workplace Policies and Practices

Labor Day's origin in the labor movement has influenced workplace policies and practices. The advocacy for fair treatment and improved working conditions paved the way for the establishment of labor laws and regulations. Over time, employee rights, such as minimum wage, overtime pay, and workplace safety, became integral components of business operations. Today, businesses must navigate a complex legal landscape that prioritizes the well-being of the workforce.

Focus on Work-Life Balance

As Labor Day underscores the importance of the workforce, it has prompted businesses to reconsider their approach to work-life balance. The holiday serves as a reminder that employees are more than just cogs in the corporate machine. Many modern businesses now prioritize flexible work arrangements, remote work options, and wellness programs to ensure that employees can maintain a healthy equilibrium between their professional and personal lives.

​

Labor Day's influence on business extends far beyond its historical origins. It has transformed into a significant economic event that shapes consumer behavior, influences retail strategies, and encourages businesses to uphold fair labor practices. As we commemorate Labor Day, we not only honor the contributions of workers but also recognize the enduring impact of this holiday on the business world—a reminder that the relationship between labor and commerce is intertwined in the fabric of society.

The Des Plaines Chamber of Commerce is an outstanding Organization for Business. Andrea Biwer, Executive Director has done amazing things for the business community since she became the ED. one of the things is offering a Podcast that features chamber member businesses. 

​https://www.dpchamber.com/podcast

I have enjoyed hearing many of these podcasts, but this one finally answered all my questions about the  Juneteeth Holiday. Andrea interviews Yolande Wilson Stubbs, President & Chief Post Acute Officer Ascension Holy Family. 

Yolanda not only gives us the historical significance of this important federal holiday but gives us ideas on being able to celebrate this holiday ongoing every year. 

Please take the time to listen to this, specifically today.

One of the largest issues facing manufacturing companies today is not being able to find or retain a labor force.

Denice Gierach, Gierach Law wrote a great article in the Daily Herald on Sunday October 2, 2022.
https://www.dailyherald.com/business/20221002/attracting-and-keeping-a-strong-labor-force-in-manufacturing

​Locally, the Rotary Club of Schaumburg Hoffman Estates continues to help businesses and students in the area into the Applied Sciences. Rotary has provided Tool Kits for High School Graduates heading to  an Autos program at the next level. You can help by sponsoring the Club. See the Brochure below.

Also, The Northwest Educational Council for Student Success (NECSS) partners provide students in Chicago's northwestern suburb with opportunities to acquire the knowledge and skills to be successful in their careers. You can learn more about this at: ​www.necsspartnership.com/

GLM has been working with business owners for many years. One of the biggest concerns most business have is: "Should I make them an employee or just in independent contractor?" This information is direct from the IRS:

A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are employees or independent contractors.
Here’s some information to help business owners avoid problems that can result from misclassifying workers.

An employee is generally considered anyone who performs services, if the business can control what will be done and how it will be done. What matters is that the business has the right to control the details of how the worker's services are performed. Independent contractors are normally people in an independent trade, business or profession in which they offer their services to the public.

Independent contractor vs. employee
Whether a worker is an independent contractor, or an employee depends on the relationship between the worker and the business. Generally, there are three categories to consider.

• Behavioral control − Does the company control or have the right to control what the worker does and how the worker does the job?
• Financial control − Does the business direct or control the financial and business aspects of the worker's job. Are the business aspects of the worker's job controlled by the payer? Things like how the worker is paid, are expenses reimbursed, who provides tools/supplies, etc.
• Relationship of the parties − Are there written contracts or employee type benefits such as pension plan, insurance, vacation pay? Will the relationship continue and is the work performed a key aspect of the business?

Misclassified worker
Misclassifying workers as independent contractors adversely affects employees because the employer's share of taxes is not paid, and the employee's share is not withheld. If a business misclassified an employee, the business can be held liable for employment taxes for that worker. Generally, an employer must withhold and pay income taxes, Social Security and Medicare taxes, as well as unemployment taxes. Workers who believe they have been improperly classified as independent contractors generally must receive a determination of worker status from the IRS. Then they can use Form 8919, Uncollected Social Security and Medicare Tax on Wages to figure and report their share of uncollected social security and Medicare taxes due on their compensation.

Voluntary Classification Settlement Program
The Voluntary Classification Settlement Program is an optional program that provides businesses with an opportunity to reclassify their workers as employees for future employment tax purposes. This program offers partial relief from federal employment taxes for eligible businesses who agree to prospectively treat their workers as employees. Businesses must meet certain eligibility requirements and apply by filing Form 8952, Application for Voluntary Classification Settlement Program, and enter into a closing agreement with the IRS

Who is self-employed?
Generally, someone is self-employed if any of the following apply to them.

• They carry on a trade or business as a sole proprietor or an independent contractor.
• They are a member of a partnership that carries on a trade or business.
• They are otherwise in business for themselves, including a part-time business.

Self-employed individuals, including those who earn money from gig economy work, are generally required to file an tax return and make estimated quarterly tax payments. They also generally must pay self-employment tax which is social security and Medicare tax as well as income tax. These taxpayers may qualify for the home office deduction if they use part of a home for business

More info from the State Of Illinois: 
​https://www2.illinois.gov/IISNews/22388-State_of_Illinois_COVID-19_Update_-_Monday_November_23.pdf

Typical Situation: Our client has seen an increase in their Contribution Rate Determination (unemployment tax rate) that is mailed to all Illinois employers on or about December 1st every year.  They also have protested their own unemployment claims but have not been successful at getting benefits denied.
 
When you hear a business owner say:
•           “I do not understand why someone was allowed to collect benefits”
•           “I hate dealing with the unemployment office as it is a no win situation”
•           “General: complaints about their unemployment claims “
 
The Consultant educates them on the unemployment laws in Illinois and to help them reduce their state unemployment taxes.
 
How they Work: They protest the claims filed against the employer and represent the employer at all unemployment hearings and go to their locations to do training sessions to educate the employer on how to handle different types of situations.  They will verify all the charges to the employer’s account to make sure they are not being charged more than they should be charged. 
 
You can introduce them:
“It sounds like you may need some help with your unemployment claims against you. I can introduce you to someone that can help. They would be happy to have a telephone consultation to discuss your situation.   

What is a "Typical Situation" people are in when they realize they need help? 

• They are growing and are unsure if they are legally complaint.
• Employees appear to be unhappy or have high turnover of staff and don't know what to do.
• They feel they have been "winging it" for too long and want to formalize processes.

What is something someone might say that would lead me to think of you? 

• “If I could do this without employees I would.”
• “I feel like I've lost control of what people are doing - one person wants one thing and the other something else. I don't know what to do.”
• “My employees need someone to talk to that isn't me. Why do people come to me with their issues.”

What (Specifically) do they do?
Uncomplicate the people side of business. Help business owners success through and with their employees.

How do they do it?
Sitting down with the business owners to understand their needs and concerns. Create an action plan in order to achieve goals. Provide on-site support as needed so we are the go-to person for the employees and the owner. 

Matching Ideas with Resources 

​The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.

Who is eligible for the economic impact payment?
Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.
Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.

How will the IRS know where to send my payment?
The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.

The IRS does not have my direct deposit information. What can I do?
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

I am not typically required to file a tax return. Can I still receive my payment?
Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.

How can I file the tax return needed to receive my economic impact payment?
IRS.gov/coronavirus will soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.

I have not filed my tax return for 2018 or 2019. Can I still receive an economic impact payment?
Yes. The IRS urges anyone with a tax filing obligation who has not yet filed a tax return for 2018 or 2019 to file as soon as they can to receive an economic impact payment. Taxpayers should include direct deposit banking information on the return.

I need to file a tax return. How long are the economic impact payments available?
For those concerned about visiting a tax professional or local community organization in person to get help with a tax return, these economic impact payments will be available throughout the rest of 2020.

Where can I get more information?
The IRS will post all key information on IRS.gov/coronavirus as soon as it becomes available.
The IRS has a reduced staff in many of its offices but remains committed to helping eligible individuals receive their payments expeditiously. Check for updated information on IRS.gov/coronavirus rather than calling IRS assistors who are helping process 2019 returns.