Blog

Is Your Business Getting Leaner, Stronger and More Fit?

Posted on Categories BlogTags

business-stronger-more-fitWith the start of a new year, many of us make resolutions to become leaner, stronger and more fit. These are broad resolutions that can be applied to both our personal lives and to our business strategies. In terms of business, these questions become:  How can I run my business leaner than the year before; how can my business gain a stronger customer base; and how can I stay financially fit? Continue reading “Is Your Business Getting Leaner, Stronger and More Fit?”

4 Reasons to Automate Your Time and Attendance

Posted on Categories BlogTags

automated-time-and-attendanceEmployees represent a company’s biggest asset to growth and profitability, but often the biggest expense as well. For this reason, maintaining accurate time and attendance records is critical to managing your workforce. An automated time and attendance system that meets your organization’s needs and integrates with your HR and payroll systems can yield a strong return on employee investment. Following are some of the significant benefits: Continue reading “4 Reasons to Automate Your Time and Attendance”

The Pitfalls of Payroll Processing

Posted on Categories BlogTags

payroll-processing-administrationEmployees look forward to payday. When it comes to payroll, you can’t just wing it; it has to be right, every time. Payroll processing is a necessary business practice that costs time and money, while exposing the business owner and the company to corporate and personal liability, and producing no profit in exchange.

From processing regular and overtime wages to correctly accruing Paid Time Off (PTO), payroll is a minefield of opportunities to make a mistake. Record-keeping requirements, Wage and Hour compliance, regulatory reporting, and state, federal and local tax compliance are fraught with hidden and costly accounting responsibilities and risks.
Continue reading “The Pitfalls of Payroll Processing”

Delinquent Payroll Taxes = Harsh Penalties for Employers

Posted on Categories BlogTags

payroll-taxesFederal Tax Deposits (FTDs) forForm 941, or Employers Quarterly Federal Tax Return, are made up of withholding taxes or trust funds (income tax and Federal Insurance Contributions Act (FICA) taxes, which are Social Security and Medicare held in trust), that are actually part of an employee’s wages, along with the employer’s share of FICA.  FTDs forForm 940 are taxes paid by the employer to provide for unemployment compensation to workers who have lost their jobs. Only the employer pays FUTA tax; it is not deducted from the employee’s wages. Continue reading “Delinquent Payroll Taxes = Harsh Penalties for Employers”

Garnishing Wages: a Complex Process

Posted on Categories BlogTags

While wage garnishments are a fact of life for anyone who processes payroll, they also can turn into a tedious, time-consuming hassle. By definition, wage garnishment is a legal procedure through which a portion of a person’s earnings are required to be withheld for the payment of a debt. Regulated by Title III of the Consumer Credit Protection Act, garnishments are allowed only in select states, and must be authorized by a court. Continue reading “Garnishing Wages: a Complex Process”

Wage and Hour Compliance: a Moving Target?

Posted on Categories BlogTags

compliance-is-frustratingThe Wage and Hour Division of the United States Department of Labor (DOL) is responsible for administration and enforcement of our nation’s labor laws. Since 2000, the Wage and Hour Division (WHD) has recouped over $1.25 billion in back wages for more than two million workers.  Wage and hour compliance is something that impacts just about every employer, whether they have two or 2,000 employees, and penalties for non-compliance can be devastatingly expensive. Continue reading “Wage and Hour Compliance: a Moving Target?”

It’s National Payroll Appreciation Week!

Posted on Categories BlogTags

national-payroll-weekTypically, the Payroll Department is the first to be thanked for a job well done and also the first to be called out when something isn’t right. So when it comes to payroll, finding an expert is a top priority for most business owners. Payroll can take a lot of time away from other areas of your business that actually need more of your attention, simply because payroll must be processed in a timely matter and calculated correctly. Continue reading “It’s National Payroll Appreciation Week!”