Protecting sensitive information such as payroll and ensuring regulatory compliance require proactive risk management. There are several measures organizations can take to reduce exposure to both internal and external threats. Watch for internal threats Ghost employees are fictitious team members
Some companies pay employees weekly. Others pay twice a month. Every other week is also popular. Company policies, industry traditions, and state and federal regulations all play a role in choices. Usually everything works out for everyone, but 2026 is
Businesses can reimburse employees for eligible out-of-pocket, work-related expenses through either an accountable or a nonaccountable employee reimbursement plan. The key difference lies in how the payments are treated for tax purposes. In an accountable plan, employers can reimburse employees
Let’s say you’re a small business that doesn’t have enough employees to warrant an entire human resources department. At the same time, the idea of manually doing payroll just doesn’t suit you. After all, who wants to tackle payroll when
In addition to regular paychecks, employees receive another payroll document from the company they work for. That document is known as Form W-2. This important document provides a comprehensive overview of their income, including both gross income and taxable wages.
When looking for proper payroll software, many employers ask a lot of the same questions. So how do you find payroll software that fits your business as best as possible? Is there a software platform that can apply to your
Hiring staff? Good for you! It means your business is thriving. Now is the time to get up to speed or reacquaint yourself with any labor laws you’ll need to be compliant with. Labor laws were created to protect employees’
Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the gaps with freelancers and contractors. However, such decisions can lead to trouble if these workers should really be classified as
The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off, furloughed and, in some cases, rehired.
Employment taxes must be reported and deposited on a regular schedule set by the government. Although handling employment taxes may seem confusing at first, once you get your deposits and reports on the calendar and have gone through a few