Ready to take your payroll paperless? Here are some of the benefits and hurdles you may face when making the change to electronic paperless payroll systems.
Ready to take your payroll paperless? Here are some of the benefits and hurdles you may face when making the change to electronic paperless payroll systems.
It would be hard for any regulatory change to be as impactful as the passage of the Affordable Care Act. However, the Department of Labor’s impending changes to the overtime exemption rules may be just that. As if that wasn’t stressful enough, you will have far less time to prepare for the fallout of the overtime rule changes seen in Obamacare. The new rules won’t be phased in over the course of a decade.
When it comes to paying employees, laws and the Internal Revenue Service have made the payroll function a time-consuming nightmare for the small business owner. Small business owners spend an average of eight hours a month performing payroll functions.
Outsourcing payroll & employment services in Memphis seems to be a trend for small businesses because of the cost savings and increased efficiency a payroll service provider can bring. If someone else is managing the tedious task of running payroll, you and your employees can focus on business growth. What kind of payroll service do you need as a small business?
A well written and comprehensive employee handbook will benefit both the employee and the employer. Employees will gain a better sense of the organization and employers will know that they have made the policies and expectations clear to its workers. Here are some of the specific reasons that every employer should create and maintain an accurate handbook:
An organization’s human resources department is responsible for a variety of functions. Human resource departments oversee employee payroll and tax filing as well as employee benefits and health administration. Human resources also manage legal compliance, maintain files and records, and oversee training and development. Businesses that outsource HR functions to payroll & employment services in Denver receive several advantages that support a company’s bottom line.
Pay as you go worker’s compensation is becoming more popular in the business world thanks to a number of benefits it can provide. The old, traditional method of worker’s comp involves paying upfront costs based on estimated payroll and being forced to suffer through annual audits. Pay as you go worker’s compensation is a more common sense approach to the issue.
Small business owners might wonder if including pre-employment background checks during the hiring process is worth the additional time and expense. However, when seriously considering a candidate for an open position, it can be very important to think about conducting a background check.
In the past, most HR departments provided one-stop shopping for employees with questions or concerns about benefits, hiring, training, complaints, colleagues, etc. For management, HR was the place to go for recruitment, retention and terminations. Human resources is a critical function and most companies handle it in-house. With payroll & employment service in Memphis, that is all changing very rapidly.
Dealing with HR issues can frequently be a hassle, especially with having to keep up with all of the various changes in wage and hour, disability, discrimination and employee leave laws, let alone having to deal with employer obligations under the Affordable Care Act and just managing your company’s compensation and benefits programs.
We all know they’re required in your place of business, but what are some of the other requirements that you may not know? Here are some of the most frequently asked questions regarding labor law posters.
Incidents involving a workers’ compensation claim can raise your premiums. Pre-employment drug screening is one way to reduce workers’ compensation claims.
Whether you’re looking to hire your first employee or 100th employee, there is always a lot of resumes, faces, and a process that can sometimes blur your vision in selecting the candidate that will be the best fit employee for your business. Here are a few tips to keep in mind that may benefit you through the interview process.
As a business owner, you may hire both W-2 employees and 1099 independent contractors. If you are like many owners, you don’t always know how to classify workers- and this can lead to compliance issues. Classifying workers appropriately is critical because employees and contractors differ greatly in terms of taxes paid, withholding requirements, workers compensation, benefits, payroll tax filings, and more.
Punch clocks and other outdated time tracking options should be a thing of the past. Save money by switching to an automated time-keeping solution. Watch the video below to learn more.
Whether or not you enter an industry with which you are familiar, you need to confirm that you are suited to owning a business. Just because you want to become a business owner does not mean it is a good idea. Plenty of small businesses fail because the owner does not have the skills required for owning a business.
Among the various roles that ICE (US Immigration and Customs Enforcement) fulfills is to identify and remove threats to security in terms of illegal economic activities. In layman’s terms, this equates to controlling unauthorized workers in the US. In 2009, ICE collected roughly $1M in fines, and in 2013 that number rose to more than $15M, and this is a trend that will only continue to grow.
With all of the changing regulations, reporting, compliance issues, and especially the Affordable Care Act, payroll for a business owner is more complex than they know. The practices of the do-it-yourself entrepreneur that is trying to save a few dollars, remain in the driver seat of their business, and cut their own payroll checks for their employees are costing them more money and time than they really know.
We are proud to announce that Payroll Vault was named one of the top franchises in North America by Franchise Business Review. Best of all, the Payroll Vault Franchise team earned this recognition as a direct result of high satisfaction ratings from our loyal base of franchisees. Only 200 franchise companies – and just five in the financial services industry – earned this highly coveted honor.
Sean Manning, co-author of the award-winning book Six Steps to Small Business Success, believes there is a better way to manage and grow a business in 2015 by breaking away from traditional methods. Here are some key points to think about for putting strategy into your business in the New Year.
Putting your own handbook in place or simply downloading a handbook template from the web can get you into trouble. Make sure you consult a Human Resources expert before you put something together yourself. Watch the video below to learn more.
Your business is your baby, and if you are like most business owners, you started it with passion. Unfortunately, also like most owners, that passion tends to get lost somewhere along the way, usually about the time you find yourself mired down in complex administrative work…like payroll.
Automated time tracking services are geared toward providing highly accurate, real-time reporting and monitoring of employee work hours. This level of advanced technology has not existed for very long. Most employers, especially larger companies, use some form of digital time clock. However, for smaller and even medium-sized businesses, this is not the standard. But, it certainly should be.
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