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Whether you have one employee or 50, setting up a payroll system not only streamlines your ability to stay on top of your legal and regulatory responsibilities as an employer, but it can also save you time and help protect you from incurring costly Internal Revenue Service (IRS) penalties. Here is the information you need […]

Employers are legally obligated to collect portions of employee paychecks for federal income taxes and FICA contributions. Employers are also allowed to withhold funds for optional deductions (e.g. retirement plans and health insurance premiums) when authorized by employees. The reason that calculating payroll deduction can be so difficult is due to the combination of complex […]

Proper payroll management means compensating your employees accurately, on time, and in accordance with all relevant legislation. More importantly, though, employee payroll can be a war zone if not properly equipped and facilitated due to the many preventable errors that could detract from both your business and more crucially; your employee’s time/money. Check the four […]

Payroll is an important part of any business but it can also be among its most tedious, complicated and error-prone tasks. Outsourcing payroll services is a practical answer for many businesses — it saves time and money, removes the fear of being non-tax compliant, and ultimately, makes a company operate more efficiently. The Payroll Company’s […]

In today’s digital age, many businesses still rely on outdated manual time tracking methods. While pen-and-paper or traditional punch cards may seem familiar, they are often inefficient and error-prone. If your company hasn’t yet adopted an online timekeeping system, it’s time to consider the many benefits that this technology offers. An online timekeeping system is […]

You put your heart into your business. You put all your efforts into it to make it a success. But are you forgetting one essential thing? Your employees. You’re feeding your operation’s beating heart. They make your vision reality. And if you want to see actual growth, you must make them feel valuable. Rewarded. Appreciated. […]

When you have employees, payroll taxes are a big liability for you to handle – both alerting, collecting and reporting, as well as remitting these taxes. And if you just forget – or just decide not to – follow through on your responsibility, your small business can be penalized for failing to pay payroll taxes. […]

ost of the time, people think of performance reviews as annual events. They discuss the worker’s work and plans over the past year. They discuss the employee’s work and future plans from the past 12 months. But lately, there is a new kind of movement growing. It’s called continuous performance check-ins. They are basically recurrent […]

FICA, or the Federal Insurance Contributions Act, is an act implemented in the 1930s that sets up a system to finance Social Security and Medicare. FICA taxes are paid by both employees and employers, based on a worker’s wages. Every workingperson is required to contribute a certain percentage of his or her income to each […]

Business does not operate the same way that it was because of remote working! What was initially a temporary adaptation during the pandemic, has turned into a new norm for many employers and workers. Today, about 25% employees work remotely – a huge increase from just a few years ago. And about two-thirds of companies […]