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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)?

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What Are Payroll Liabilities?

Abel HR

Other withholdings: Beyond taxes, chances are you also take a variety of deductions from your employee’s paychecks to cover contributions to health insurance, retirement or 401K plans, and even court-ordered wage garnishments.

Payroll 52
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3 ways outdated payroll processes hurt your business

Insperity

But there’s a lot of behind-the-scenes work involved to make the payroll process seamless from start to finish. You need to calculate the payroll every pay period, and figure out federal, state and local taxes and pay them on time. You’ll have 24/7 access to your payroll and can calculate it virtually error-free.

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HUMAN RESOURCE INFORMATION SYSTEMS (HRIS)

HR Management Activities

The most basic is the automation of payroll and benefit activities. With an HRIS, employees’ time records are entered into the system, and the appropriate deductions and other individual adjustments are reflected in the final paychecks. USES OF AN HUMAN RESOURCE INFORMATION SYSTEM HRIS An HRIS has many uses in an organization.