POSTS TAGGED : payroll

Why Integrating HR With Payroll is Beneficial for Your Small Business

Does your company currently use a standalone HRIS with separate payroll software? If so, then you’re missing out on the many benefits that cross-departmental integration can provide! After all, both HR and payroll systems manage a lot of the same data, so why enter data twice when you can input it into a single shared database?

HR team managing payroll

There’s a long list of reasons why integrating software can be beneficial for your business; sadly, that list would be too long for one single article, but below we’ll be covering three of the main reasons why integration is a worthwhile endeavor. If you haven’t already integrated your HR with your payroll, read on to learn why you should!…

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Steps Towards Error-free Payroll: The Complete Guide

It is needless to say that payroll management presents many challenges for many businesses. Well, with several HRIS solutions, organizations have been able to address payroll challenges more easily.

Payroll software

These solutions even enable organizations to easily deploy seamless employee experience into their management culture. Issues such as federal tax compliance, overtime, contract worker remuneration are easily handled by payroll software and the process is automatic.

However, payroll management can be impacted by various internal organizational factors. For instance, an employee is joining or leaving, leave management for different employees, changing vendors, and unprecedented events such as the recent ongoing COVID-19 pandemic.…

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5 Subscription Services to Reduce Your Payroll Dramatically

Starting a business, or reshaping an existing one, will be possible if your finances are under control and in a position where growth is possible. Payroll is an area which can easily inflate if you haven’t taken the time to assess the role and necessity of each resource, and maybe you haven’t changed your business and employee contracts to reflect the reality your business now exists in.

Analytical tool

Subscription services have been a saviour for businesses who want to be a little more nimble with a reduced payroll headcount. If you haven’t considered this for your circumstances, let’s get clear on what these subscription services look like and what they can make possible.…

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Payroll Tips for Starting 2019 Right

Payroll tasks take up around 5 hours per week for a small business owner. This time, while well-spent, could be better spent elsewhere. All small business owners who run payroll know just how much of a challenge it can be unless they’re accountants with prior experience.

Payroll tips

1. Start the Year With Employee Categorization

Employee categorization is essential to start the year. When your employees are not categorized properly, this can cause your payroll to be chaotic. Why? You need to know who will be exempt from overtime or not.

Start the year taking a look at all of your employees’ categorizations.…

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Choosing the Right Payroll Programs for Small Business

Automating payroll processes promises saved time and increased efficiency, however, the process of switching may appear daunting, particularly if there is uncertainty about which payroll program is right for the organisation. Understanding the many options available will give decision makers confidence in choosing the right solution for their business.

Payroll software

Tips on how to choose the right payroll software solution:

Examine the business needs

No two small businesses are the same and a business will benefit from features that cater to its unique needs. When choosing payroll software, consider the following factors:

  • The size of the business
  • Time allocated to payroll functions
  • Budget available that can be allocated to payroll processing
  • Level of comfort and familiarity with regulatory and legal payroll considerations

When needs have been clearly outlined, finding the software that fits the business will become significantly easier.…

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Payroll Doesn’t Have to Be a Chore

Business owners may find that some of the more routine tasks they are required to undertake are also some of the more tedious, and payroll and wage administration can be one of those selfsame tasks. Nonetheless, the administration of payroll, even if the business is a one person operation, is essential from both a regulatory and legal perspective. It also makes sense to streamline payroll from an efficiency point of view.

Payroll and tax forms

Contractor pay solutions can take the difficulties out of payroll for business owners. By outsourcing payroll administration, a business can remove the difficulties for itself of tracking different wage systems and associated costs.…

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Small Business Payroll Taxes

payroll taxesThere is no escaping the wrath of the IRS when it comes to unpaid taxes. There are several differences between running a small business versus a large corporation, but at the end of the day, payroll taxes are something that all business owners must pay close attention to in order to avoid problems with the IRS.

Owing the IRS is not the same as owing a lender or creditor. In the latter situation, you can often negotiate or work out payment arrangements that will allow you to avoid legal ramifications and get your accounts in order without losing your business. The IRS is not a lender nor creditor and will take aggressive action with collection efforts.…

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