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Stay on track with this payroll compliance checklist

Business Management Daily

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

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10 steps to maintain end-of-year payroll compliance

Business Management Daily

The end of the year is a hectic time for payroll staff and business owners. While the year is winding down, the payroll department is ramping up to prepare for the end of the year and ensure that all reporting deadlines are met. Some payroll tax compliance items are completed quarterly, or more frequently throughout the year.

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Which state laws apply to remote employees

Business Management Daily

Payroll laws. A good small business accountant will be able to help you stay compliant with payroll tax deadlines and requirements for all states in which you employ people. The FLSA provides specific guidelines for which employees may be classified as exempt, making them exempt from overtime pay. Employment classification.

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In-Depth Guide to the Timesheet Approval Process

Business Management Daily

Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise. Nothing will eat up an organization’s profits more than overtime, so you must keep a close eye on your employee’s work hours.

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5 Red Flags Your Talent Management System Should Tell You

Hireology

Payroll and related talent management costs can make up 70% of business expenses , so it’s critical for your talent management system to continuously identify areas for improvement. Overtime Costs. How much does your business spend on overtime each pay period? Turnover Rates.

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HR technology trends for 2017: Curing government compliance concerns

Insperity

Once upon a time, businesses with 50-150 employees could manage benefits and payroll through a series of non-automated, disjointed programs. The new overtime regulation would have changed overtime eligibility for white collar, salaried workers earning less than $913 a week ($47,476 a year). Well, those days are gone.

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The best timeclock options for small businesses

Business Management Daily

Your work-from-home employees also need to be able to clock in too, and having all time entries in one central system tends to make payroll and attendance management easier. Some electronic options may not work during a power outage, but if you lose power at your office, the time clock likely won’t be your biggest worry.

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