Company Payroll

2019 Minimum Wage Increases by State

Minimum wage is like the sun – it just keeps rising. Many cities, counties and states are yet again increasing the minimum wage. To better prepare you for 2019, below is a list of the states that will increase their minimum wage. Of course, we recommend that you check with your local jurisdiction before making any changes to your books because your city may follow different standards. Twenty one...

3 Payroll Mistakes you can Avoid in 2019

Everybody makes mistakes. But when it comes to payroll, mistakes can be detrimental. Many small business owners struggle with payroll due to the number of regulations and rules that apply. One of the scariest things about payroll mistakes is you may not even realize you have made one until the IRS smacks you in the face unexpectedly. To ensure 2019 is a year of little to no payroll mistakes,...

5 Tips for Effective Management of Remote Employees

According to Global Workplace Analytics, nearly 50% of the workforce works in some sort of telecommuting role and even more employees have stated that they would like working remotely at least part-time. Considering this, offering remote opportunities is a good way to gain more productive workers. Below are a few tips for the effective management of a remote workforce. Set Clear Expectations It is important you set clear expectations...

Why You Should Have an Employee Handbook

Although employee handbooks are often overlooked by employers and employees alike, these useful little books are important when it comes to making sure everyone is on the same page. If you have not yet created one, below are some tips on why you should have one and what you should include. What Your Handbook Should Cover You need to cover two primary areas in your employee handbook: policies that...

Total Rewards Packages – What You Need to Know 

Total Rewards Packages – What You Need to Know  As the workforce becomes more competitive with millennials dominating, employers are forced to rethink their employee benefits and rewards strategies. More companies are offering total rewards packages as an incentive to bring on quality employees. But what is included in a total rewards package?  Total rewards packages are typically made up of six components:  Benefits  Benefits are noncash, indirect payments...

Accounting for Vacation Pay

What you need to know about implementing a vacation policy for your business. Believe it or not, there are currently no laws in the United States that require employers to offer vacation time (paid or unpaid) to their workers. The U.S. is one of the few nations in which the government does not regulate private work sector benefits. But the story changes once an organization is ready to implement...

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...

Determining Payroll Scheduling

Should You Set the Date or Does Your State? Who determines when exactly payday will occur in a business? The answer varies. As a small business owner, should your business be using a specific payroll frequency/schedule? Should you opt for weekly, bi-weekly, semi-monthly or monthly paydays? It can be difficult to determine which you should use but in some cases, the state in which you run your business may...