Did you know payroll errors can account for 1.2% of an employer’s total payroll (Nucleus Research)? For a small business, it can mean thousands of dollars. This week marks the 18th annual National Payroll Week. The goal of this week is to celebrate those who process payroll and help American workers better understand their paychecks. Payroll is a complex task…
Spring and fall are the two most popular times for couples to get married. This big life event not only takes time away from work, but also requires certain internal changes to be processed. Below are a few of the most common updates that every organization’s Human Resource department will need to adjust: Name and…
Let’s face it, companies can get overwhelmed with the day-to-day business functions and forget to complete tasks such as remitting payment for payroll taxes. These things happen and payments can be made late, but it is important to stay on top of your company’s taxes to ensure larger consequences do not arise. A recent article published…
Hurricane season has officially begun. The hazardous weather conditions will remain prevalent until November 30th. According to an interview with Federal Emergency Management Agency (FEMA), “Small businesses that don’t have a plan in place generally don’t survive after a disaster, whether it’s a flood or a tornado. We see that anywhere from 40-60 percent of those…
The first known payment by paper check occurred in the early eleventh century when an Iranian traveler visited the city of Basra and gave a merchant written instruction ordering his bank to make a payment from his account. While the U.S. economy continues to rely on checks as a form of payment , that reliance…
Business owners often decide to process payroll internally because they consider it more cost effective or they are protective of the data and want to maintain control. This decision is right for some organizations, but most ultimately discover that managing payroll is more costly and time consuming than expected. Price of Knowledge Payroll management not…
How do you track employee hours? Through emails to supervisors? Keeping track via the white board in the break room? Maintaining an Excel spreadsheet? These are all reasonable ways to monitor employee time, but are they the most efficient and reliable? Is your current method capable of showing where you’re overpaying for unnecessary labor, verifying…
According to The Weather Channel, the “nor’easter” is “poised to pack a massive punch in the Mid-Atlantic, Northeast and New England” today. Winter Storm Janus is forecasted to bring travel delays, school and federal government closings, power outages, and more. With these effects, businesses are impacted quickly and owners are left scrambling to carry on “business…
In 2012, there were over 12 work related deaths per day (US Department of Labor). This statistic shows the importance of a business not only protecting their best asset, human capital, but also their company’s resources.This is where workers’ compensation comes into play. Unless you’re one of the few employers, and I mean FEW, that…
It’s that time of year when employers are closing out the year and preparing for employees’ Forms W-2 (which I’ll reference as W-2s moving forward). Taking a proactive approach can help employers avoid these common mistakes in 2014. 1. Incorrect Wages One of the most common mistakes made around this time of year is the…
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