Why Outsourcing Payroll Services Makes Perfect Sense
Today, the life of business is not that much as easy as it seems to be. As a business owner, you have countless balls in the air from budgeting and running operations to providing for your employees. A good payroll service can take some of the burden off your shoulders. Besides the peace of mind […]
Ten Best Payroll Ideas for Businesses Employers
The payroll is not just a process of paying employees salaries and wages; it’s complex, with time consuming precision, compliance requirements, and planning. Below are 10 payroll best practices and factors for employers to make your business operations smoother and safer. 1. Establish Clear Policies & Procedures Effective Payroll Policies & Procedures: Detailed Payroll Policies […]
How to Manage Payroll like a Pro
You have employees. They need to be paid. So, you pay them. Sounds easy enough, right? Well, not exactly. One of the primary functions in any business is payroll management. In this way, compensating your employees will need to ensure that the process: is accurate and timely; complies with taxation laws and employment regulations; has […]
Best Strategies to Follow When Conducting a Payroll Audit
Performing a payroll audit is essential when ensuring that a company’s payroll processes are accurate and compliant. As payroll laws can be confusing, conducting regular audits protects businesses against mistakes and financial loss. Along with detailing the steps and best practices you should take to perform an effective payroll, this guide also explains why it […]
Why Workplace Transparency Is Essential
Did you ever have a feeling of not knowing your role at work? Didn’t make friends with your coworkers? Didn’t know what to do or what to do? This is typically the result of not being very open in work. And if information isn’t transparently shared, distrust blooms, cooperation breaks down, and confusion ensues. Openness […]
The Ultimate Guide to Successful Monthly Employee Performance Audits
Performance reviews are a critical aspect of any successful team or organization. When done well, frequent performance appraisals provide employees and their bosses with insight into productivity, areas of improvement, and job satisfaction. Unfortunately, most companies take performance reviews for granted once a year, which makes for wasted opportunities. Performance review, more strategically, will help […]
The Basics of Employee Performance Reviews
Don’t think that performance reviews need to be incomprehensible or frightening. These open conversations are a chance to evolve and fortify connections. Let’s unpack what reviews consist of so you can make the most out of it. What is a Performance Review? A performance review is a formal discussion in which managers evaluate the employee’s […]
How On-Demand Pay is Set to become One of the New Standards for Payment of Payroll
Being paid shouldn’t be a delayed experience. People today want to be able to change the way they work and control their bank accounts. Pay on demand is gaining in acceptance, which is fundamentally changing payroll. Let’s see how on-demand pay is the future. Take Your Paid Wages When You Want Them On-demand Pay (also […]
Delinquent Payroll Taxes Huge IRS Problems All Business Owners Must Know
Skipping payment of your payroll taxes is like poking the lion at the zoo through the bars. Eventually the lion, or in this case the IRS, is going to bite the stick or you. Correct withholding of payroll taxes from employee paychecks is a legal mandate for all employers in the United States. Employees logically […]
Overtime Rules on Pay According to the Fair Labor Standards Act
The requirements and rules for federal overtime are spelled out in writing in the Fair Labor Standards Act (FLSA). Employees (most private and public employees are covered by the overtime rules in this act) covered by the FLSA are required to be paid overtime pay for any hours worked more than 40 hours during a […]
