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A Guide to Payroll Management: Ensuring Smooth Financial Operations

Qandle

Check out the Payroll Management. Effective payroll management involves several key components. First and foremost, it requires a thorough understanding of applicable laws and regulations related to wages, taxes, and deductions. Tax compliance is a significant aspect of payroll management.

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IRS Whistleblower Office is hard at work, extra caution advised

Business Management Daily

Do you hate tax cheats enough to turn them in? Recently, we discussed Payroll ethics and whether you’d break any ethical rules if you revealed someone’s tax information. We touched briefly on letting the IRS know about tax irregularities at your employer. Once the IRS begins an audit, it can look anywhere it wants.

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Time for a payroll health check?

Ascender

This has led to numerous companies being caught out and penalised for not properly accounting for payroll taxes withheld or underpaying employees. In some instances, it’s not necessarily a compliance issue but instead, companies are just throwing away money due to out-of-date payroll processes. appeared first on Ascender HCM.

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The pandemic didn’t change cell phone reimbursements

Business Management Daily

Whether you have to tax reimbursements of employees’ business use of their personal cell phones has been kicking around for as long as there have been cell phones. The memorandum instructed auditors to follow the rules set out in Notice 2011-72 when performing payroll audits. The pandemic has muddied the waters even more.

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How to Manage Better the Payroll of Your Employees 

Hppy

Do you want to figure out how you can manage your payroll effectively? From processing paychecks, keeping track of labor laws, maintaining compliance, calculating deductions and bonuses, and tracking all tax-related documentation, payroll is an aspect of business that is fraught with the potential for mistakes. .

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Why Getting Payroll Right is so Important for Retention

Hireology

Conduct regular payroll audits. That’s where payroll audits come in. A payroll audit confirms that you are paying employees accurately, on time, and in compliance with the law. Re-educate yourself on tax law . Tax laws and regulations change constantly.

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