14 09, 2021

Payroll Scam: What It Is, How It Is Committed, and How to Avoid It

By |2021-09-03T11:59:24-06:00September 14th, 2021|Payroll|0 Comments

In today's world, payroll fraud is serious, yet frequently underestimated, a threat to businesses and their workforce. In accordance with the FBI's statistics, the average financial loss recorded per complaint was $7,904, on average. However, it should be noted that these figures only reflect losses that have been recorded; they do not include ...

31 08, 2021

Payroll Taxes Made Easy: Who Pays What and How Much

By |2021-09-01T09:09:46-06:00August 31st, 2021|Payroll, Taxes|0 Comments

Calculating and withholding taxes from employees’ paychecks is a big part of payroll. The Federal Insurance Contributions Act (FICA) is made up of Social Security and Medicare taxes, and is required by federal law to be calculated, withheld, and reported.  Employee wages are also subject to Federal income tax (FIT) and, in most ...

25 08, 2021

Is Your Paid Sick Leave Policy Compliant With State Mandates?

By |2021-08-25T10:29:00-06:00August 25th, 2021|Payroll, Sick Leave|0 Comments

Many employers offer their employees paid time off (PTO) as part of their compensation packages. These might be blanket plans that allow employees to use paid time for any reason. However, some view it as a “penalty” when employees need to dip into a general-purpose PTO bucket for things like doctor’s appointments or ...

17 08, 2021

Amending Payroll Tax Returns

By |2021-08-16T13:55:13-06:00August 17th, 2021|Payroll, Taxes|0 Comments

Producing accurate payroll should be the primary goal of any payroll department. However, the reality is that mistakes do happen from time to time. Depending on the severity and timing of the error, the resolution may be as simple as calculating a small amount of retro pay or processing a missed deduction on ...

11 08, 2021

Payroll Solutions: What Are Your Options?

By |2021-08-11T15:58:39-06:00August 11th, 2021|Payroll|0 Comments

Payroll is an important function for any business. Depending on the size of the business, payroll may be a task for an in-house payroll team or the business owner or manager to take on. In some cases, a business might employ the services of an accountant or administrative services organization (ASO) to handle ...

3 08, 2021

Understanding Employee vs. Contractor Designation

By |2021-08-03T14:58:02-06:00August 3rd, 2021|HR|0 Comments

Whenever a company is looking to hire someone to perform work for their business, one of the questions that may be asked is whether the hire should be an employee or a contractor. Making the right decision can potentially save money for the business, but by the same token, could create legal issues ...

27 07, 2021

Final Paycheck Considerations

By |2021-07-27T15:16:21-06:00July 27th, 2021|Payroll|0 Comments

For any company that has one or more employees, there will inevitably come a time when a final paycheck has to be processed. Whether the separation is voluntary (the employee leaves of their own accord) or involuntary (the employee is being let go), the company is responsible for issuing a final check to ...

13 07, 2021

Understanding and Tackling Payroll Errors

By |2021-07-27T15:48:37-06:00July 13th, 2021|Payroll|0 Comments

The primary goal and function of any payroll department is to make sure employees are paid accurately and on time. However, as much as we would all like to believe that our payroll teams are perfect, the reality is that mistakes happen. Whether it’s due to a data entry error or typo, system ...