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?
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.
Even the most meticulous and experienced professionals find that payroll can be a headache. Add a stiff penalty for a tax filing omission, and now we are talking about a full blown financial migraine for your company.
While some businesses opt to handle their payroll internally, through manual bookkeeping, in-house bookkeeping or payroll software, increasingly, small business owners have come to prefer the expertise of professional payroll services in Centennial.
Outsourcing payroll operations can offer small businesses an attractive and valuable alternative to managing payroll internally. Hiring payroll services in Littleton alleviates the time employees spend calculating payroll, determining tax obligations, preparing checks and providing management reports.
Let us fulfill your payroll needs so you can get back to what you do best, running your business. In today’s hectic environment, it is a challenge to juggle all of the daily tasks that keep your business running efficiently. There are many benefits of hiring payroll services in your area, here are a few:
Give yourself some down time away from work
Planning is very important to being more productive because planning will help you determine the result or outcome you want to achieve. That being said, do not spend all of your time planning (rather than doing), but before emails, calls, and meetings, plan out what result you’re looking to achieve.
It doesn’t take a rocket scientist to answer this question. However, at what level does it need to be addressed? Enterprise level corporations have far higher protection against serious risks than small businesses that have less to offer (in regard to monetary capital), and less to lose. Nonetheless, you need to protect your business at any level of size and here’s a list of basics to get you started.
Before determining that you need an intern you should start with a plan. Outline what role the intern will fill and how it will work to benefit both the company and the intern. Why? You need to answer the question of why you’re looking for an intern instead of an employee. Is an intern right for the job? What are you looking to accomplish?
Summertime = Vacation Time. Are you prepared to add up your responsibilities before you jet off on vacation from your company? Here’s a list, check it twice, to make sure your absence goes really nice.
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.
Creating and cementing a corporate culture that really attracts great employees, retains them, and develops them into all-stars doesn’t always happen organically with every company. The corporate culture will ultimately reflect the owner or leader’s ideals or persona. If you feel that you may need or even want a stronger, positive, more collective culture in your office, there are a few items you can address to help you make the transition.
To achieve your dream, you must build integrity into your product, your processes, your customer relations, and everything about your business. Everything from the quality of your products, to how you treat your employees, to how you treat your customers has to be first class.
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.
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.
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.
Can your clients and prospective clients tell what kind of relationship they will have with your business based merely on the culture you’ve created? That is, the behavior of your employees, the “feel” of doing business with you, and everything else that makes up a business’s culture. More often than not, the answer is yes.