By Allen Smith, J.D. Employees around the world were at risk of not being paid on time due to the massive tech outage that began July 19 when CrowdStrike, a Texas-based cybersecurity company, updated its software. We’ve gathered articles on the news from SHRM Online and other outlets. Costly Update Bug Hits Windows Users ...
Payroll processing, when managed effectively, can save you money in several keyways. Here are some of the primary cost-saving aspects: Avoidance of Penalties for Non-compliance: Payroll involves various legal requirements including tax withholdings and filings. Errors in payroll can result in costly penalties and fines from tax agencies. Accurate processing ensures that all tax obligations...
The average cost of payroll processing can vary widely depending on several factors including the size of your business, the complexity of your payroll needs, the frequency of pay runs, and the service provider you choose. Generally, payroll processing costs can be broken down into a few categories: Basic Service Fees: These are often charged...
We like to take it for granted that we receive a paycheck each pay period we have worked. Our pay stub looks simple with the pay rate, hours worked, tax and benefit deductions, gross and net earnings. Payroll processing looks straight forward and easy, and it appears that all that is needed are employees’ hours...
Many of us find it challenging to balance work-life with our personal lives. It is tough when our work-life is our own business. When we own our own business, we eat, sleep (or try to), dream about, and breathe our business. So that our company can succeed, we put everything we have into that business....
On this short video I’d like to discuss the importance of Worker’s Compensation. While worker’s compensation is federally mandated it is state administered and so depending upon the state or states in which you operate you will have different requirements. From a practical standpoint, I believe that all businesses that have employees should have worker’s...
On this video, I’d like to discuss with you Unemployment and how it works. Unemployment is federally mandated but is state administered and so it does vary from state to state. Unemployment taxes are paid 100% by the employer. The employee never pays the unemployment tax. There is both a federal tax and a state...
We like to take it for granted that we receive a paycheck each pay period we have worked. Our pay stub looks simple with the pay rate, hours worked, tax and benefit deductions, gross and net earnings. Payroll processing looks straight forward and easy, and it appears that all that is needed are employees’ hours...
I was a controller for a large multi-location organization at the time. We had gone through four payroll providers in five years. We decided to switch from in-house payroll processing to a Professional Employment Organization (PEO) as we were “sold” on the fact we could offer better benefits, worker’s compensation, human resource services, and most...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
