Outsourced Payroll Onboarding: Build in Time for Transition and Results

Every company or organization will have different needs for payroll administration based on business and compensation structures, benefit offerings, the specific industry and the state and local tax laws. While determining a good fit for outsourced payroll, anticipate how much time the set-up of such services could take. A long set-up time and possible mistakes … Continue reading Outsourced Payroll Onboarding: Build in Time for Transition and Results

Things to Ask your CPA about Payroll Outsourcing

For many small businesses, payroll may be handled in-house. And yet, the laws and regulations surrounding employee compensation and benefits can challenge owners and back office staff to stay efficient and compliant. Payroll ties directly into individual and company tax reporting as well as employee benefit compliance. If and when companies choose payroll outsourcing, they … Continue reading Things to Ask your CPA about Payroll Outsourcing

TCJA Tax Law: Six Changes that Effect Payroll

The Tax Cuts and Jobs Act (TCJA) is the biggest overhaul of the tax code in more than 30 years. For instance, the TCJA cuts income tax rates for individuals and corporations, doubles the standard deduction, eliminates personal exemptions and repeals or modifies numerous deductions. It will have a major impact in 2018 and beyond. But … Continue reading TCJA Tax Law: Six Changes that Effect Payroll

Outsourcing Payroll Administration and Compliance

There is a common story we see across small businesses of all sizes. Owners and operators of the company are focused on top line growth, hitting the pavement to bring in new business. They add employees to support the new business growth. They add benefits to keep those great employees. Before realizing it, the owners … Continue reading Outsourcing Payroll Administration and Compliance

New Tax Law Cracks Down on Transportation Benefits

The new Tax Cuts and Jobs Act (TCJA) eliminates some deductions that have been staples of businesses for years. Case in point: The TCJA repeals the employer deduction for providing transportation fringe benefits, although the perks presumably will remain tax-free to employees if they are still offered. The Way It Was: Three Eligible Benefits Under the … Continue reading New Tax Law Cracks Down on Transportation Benefits

Check the New Definition of Joint Employer: The Upside and the Down

Being a joint employer means that you and another employer share, both “individually and jointly,” the responsibility of complying with labor laws and regulations. So if this classification applies to your business, it’s critical that you pay close attention to how your fellow joint employer deals with the employees you share. Most employers take pains to … Continue reading Check the New Definition of Joint Employer: The Upside and the Down

Protection if Employees’ 401(k) Choices Yield Poor Results

For several years now, the responsibility for financing one’s retirement has increasingly shifted from the employer to the employee. According to the Bureau of Labor Statistics, over the 15-year period from 1985 to 2000, the primary retirement plan participation of employees moved from defined benefit plans to defined contribution plans, such as 401(k) plans. And that … Continue reading Protection if Employees’ 401(k) Choices Yield Poor Results

Employers: Timelines for Keeping Payroll Records

You already know about the need to create and maintain payroll records, but you may be wondering how long you have to keep payroll records and for what purpose. The answers depend on the amount of time required by the appropriate statute, which can often lead to confusion and mistakes by the uninformed. Here are some general … Continue reading Employers: Timelines for Keeping Payroll Records

Avoid Hiring Mistakes with a Systematic Process

Often, bad hiring decisions don’t become apparent for weeks or months. Then, it might take much longer to rectify hiring mistakes, whether that means a termination or resolving the performance issues. Here are some of the most commonly reported hiring mistakes, and some tips for avoiding them. Consider the Consequences Perhaps the biggest error is moving … Continue reading Avoid Hiring Mistakes with a Systematic Process

Resolving Overtime Pay Disputes

The federal overtime law can lend itself to differing interpretations. In those cases, workers may challenge how an employer applies the rules. Under the Fair Labor Standards Act (FLSA), eligible employees must be paid time-and-a-half their regular pay rate when they work more than 40 hours a week, unless there’s an exemption. Here are three examples … Continue reading Resolving Overtime Pay Disputes