Business Payroll

How the Accurate Collection of Employee Time Saves Your Business Money

Human error can cost you a significant sum of cash. Time clock errors are detrimental to businesses small and large. They add up quickly, costing companies profits and causing some to take drastic measures such as slashing hours and even jobs to make up for the loss. If you want to avoid the stressors that come with human time punch errors, it’s time to explore new solutions that better...

How to Support the Employees That You Had to Let Go Due to Business Closures

Use Precise Payroll’s HR Support Center as a tool to reference. If you are one of the many businesses faced with financial uncertainty and made the difficult decision of letting your employees go because of the coronavirus outbreak, know that there is help for you. If you’re looking to be as supportive as possible for your people, you’ll appreciate guidance from a third-party. No one could prepare themselves for...

How to Run Your Own Payroll

There are typically three ways to process payroll. You can hire an accountant, do it yourself or hire a payroll service.

4 Payroll Questions your Employees may ask you

Have you had employees come to you with questions regarding payroll that you know the answer to but just cannot put a finger on where to begin explaining? Below are a few typical payroll questions your employees may ask and how you can proactively manage your responses. Why is the amount on my final pay stub different than that which is listed on my W-2? This is a typical...

3 Tips for Less Stressful Year End Payroll Processing 

It is that time of year again. The temperatures drop, the hustle-bustle of the holiday season is among us, and payroll is working hard to ensure all of their ducks are in a row before the end of the year. Unfortunately, many errors take place in payroll when common mistakes are overlooked during this busy season. Below are a few tips to help you keep those errors to a...

How Long Should You Keep Employee Records?

Don’t throw paperwork out too soon! One of the big things about Human Resources is all of the paperwork. Even if your paperwork is primarily electronic, it still takes up space. Whether your employee records are stored in files in a cabinet or take up space on a hard drive, you probably do not need to hang on to them forever – or do you? Here are the basic...

Advantages of Monthly Payroll Ofrver Quarterly Payroll

Why monthly payroll is more frequently chosen. Several options exist when it comes to payroll schedule, while some are better for your unique business than others. Comparing the advantages of these options will open your eyes to many advantages and disadvantages. Two common options include monthly payroll and quarterly payroll, with monthly payroll being the most popular of the two. Quarterly payroll is not ideal for many organizations. Employees...

Three Payroll Mistakes to Avoid as an Employer

Watch out for these common payroll mishaps that will cost you! Paying employees properly can be difficult. Whether it is underpayment, overpayment, or payments that are delivered late, payment mistakes can cost you as an employer. The following are three of the most common payment mistakes that employers make that you should be watchful for. Not Staying Up to Date with Legislation Employment legislation laws change from time to...

Overtime Pay: What You May be Missing

Many employers (especially those just starting out) have a hard time seeing through the murky waters of overtime pay and how it should be addressed legally speaking. Many employers get tripped up by confusing work week hours with pay period hours. Overtime for non-exempt hourly employees needs to be calculated on a 7-day time period, regardless of how often your employees are paid. For example, if an employee who...

Out of State Employees and Reciprocal Agreements

What are reciprocal agreements and when do you need them? States have their own withholding requirements (unlike federal withholding which is the same for employers across the board), including for employees who work and live in different states. Some states require reciprocal agreements for such employees. What is a Reciprocal Agreement? A reciprocal agreement is an arrangement that exists when two states agree that an employee can work in...