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Do You Have A Stellar Work Attendance Policy?

having effective work attendance policies in place

Jul 14th, 2016 by TRAXPayroll

Attendance is and should be a major priority for every manager. A business which is routinely shorthanded due to attendance issues will inevitably suffer a loss of profits, not to mention prestige, cohesion and reputation. It is therefore critically important to develop a work attendance policy that is respected, enforced and followed.

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Do You Know The HSA Contribution Limits For 2017?

keeping up to date with HSA contribution limits for 2017

Jul 12th, 2016 by TRAXPayroll

Health Savings Accounts are financial based and combined with an HDHP, or high deductible health plan. HSAs provide tax advantages and can be used to pay for a number of medical expenses. A growing number of employers are providing their employees with HSAs, and it is important to familiarize yourself with the HSA contribution limits for 2017. These contribution limits may be adjusted annually by the IRS.

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Don’t Make These Small Business Healthcare Benefits Mistakes!

do not make these small business healthcare benefit mistakes

Jul 7th, 2016 by TRAXPayroll

Small business owners that make contributions for the healthcare of their employees must ensure they’re not making any mistakes which could become costly. The best way to extend small business healthcare benefits is by understanding small business healthcare benefit compliance. Below are some common mistakes that small business owners will want to avoid:

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How Do Flexible Work Hours Benefit Employees?

the advantages of flexible work hours for employees

Jul 5th, 2016 by TRAXPayroll

Flexible work hours can benefit employees in many ways, from reduced stress to a greater work-life balance. They will have more time to spend with their families which translates into greater productivity, a more positive outlook and less missed days. Below are some additional benefits they’ll gain:

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How To Cope With A Minimum Wage Increase For Small Businesses

actions small businesses should take regarding minimum wage increase

Jun 30th, 2016 by TRAXPayroll

A number of states throughout the U.S. are increasing their minimum wages, requiring employers to change the hourly wages they pay their employees. California has raised its minimum wage to $15 an hour, and New York has followed suit. These changes will adversely affect many small businesses, which will need to adjust to the pay increase in order to remain profitable. Below are some ways in which this can be accomplished.

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Withholding Tax Information On Tip Income

your employees' tips are subjected to withholding tax

Jun 28th, 2016 by TRAXPayroll

Are you running a restaurant business where your employees stand to be remunerated partially via tips? The tips which employees earn are subject to withholding tax, which means that employers should report them. Below are some guidelines and procedures for doing this.

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Strategies For Getting The Most Out Of Internships

employing an effective internship system

Jun 23rd, 2016 by TRAXPayroll

A growing number of employers are recognizing the benefits of internships and have begun to utilize them. An effective internship system is a great way to recruit great talent while increasing the size of your team. Below are some strategies that will allow you to maximize the effectiveness of your recruiting program.

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Tips For First-Time Payroll Software Users

the type of data first-time payroll software users should collect first

Jun 21st, 2016 by TRAXPayroll

Altering the way you do payroll can be a daunting task. You must know where to store your tax ID numbers and you will also need to know how to transfer the payroll data. Below are a number of tips that can help first-time payroll software users change the way they do payroll in a manner which is headache free.

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Choosing Between Payroll Software And Payroll Service

choice between payroll software or service

Jun 16th, 2016 by TRAXPayroll

Payroll is a process that takes time, energy and resources to do well. Deductions and earnings must be managed, as well as the number of hours worked, and this doesn’t include taxation, which can make the process even more complex. It is for this reason that a growing number of business owners are turning to digital and automated solutions in order to streamline the process, which saves money and time. Choosing the right payroll software can bring tremendous advantages to your organization.

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Will You Need To Face An IRS Audit?

being audited by the IRS

Jun 14th, 2016 by TRAXPayroll

The chances of being audited by the IRS depend on a variety of different factors. Many business owners will go an entire lifetime without receiving a single audit, while others will face them every few years. Statistically speaking, 99 percent of returns will not be audited, which means that your chances of receiving one is a little like winning the lottery, unfortunately without the benefits that entail. Here are a number of factors that will substantially increase your chances of audited:

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