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Tax issues are an inevitable aspect of being a business owner, and you will encounter them sooner or later. The IRS doesn’t take taxation lightly, especially when it comes to payroll tax. The question is not whether you will encounter tax problems at some points as a business owner, but how you will respond to them when they appear. Like many things in life, prevention is the key to success. Find out more about key tax problems you should avoid:
While many people have seen or heard of the term ‘SaaS payroll‘, some don’t understand exactly what it entails. Cloud computing is relatively new and is steadily gaining acceptance worldwide, and the key to greater adoption is a better understanding of how it works and the advantages it brings to those in the payroll and human resources departments.
The Obama administration has made a number of recent changes to the Affordable Care Act which is meant to deal with some of the challenges which are associated with it. A number of people have had difficulty interpreting the networks, coverage and fees which pertain to ACA, and this has made it difficult for them to make informed decisions. Get to know three major adjustments which will go into effect in 2017:
The most valuable patrons that a business can have are repeat customers and referrals. However, to acquire these individuals businesses must practice customer engagement. This means that the business must interact with customers in a manner that is valuable and meaningful, and this is best accomplished by focusing on the little things.
When constructive criticism in the workplace is given in a positive manner, it can help an employee become more efficient and productive. When it is given improperly, it can cause harm, creating ill feelings among employees that can ultimately lead to them leaving the company. No one is perfect and employees will make mistakes from time to time, some of which may irritate and even anger their superiors. Below is how these situations should be handled.
Efficiency is the cornerstone of running a successful business. It leads to lower prices, higher customer satisfaction and increased market share. The key to becoming more efficient is enacting tools and procedures that make your company more streamlined. One such tool is a time and labor management system. This system will allow you to monitor your employees and reduce the time that is spent generating their schedules and payroll. But these are just a few of the benefits you will gain.
Rising healthcare insurance costs affect everyone, including workers, their employers and medical professionals. There are a number of factors which cause these price increases, and understanding them can make it easier to manage healthcare costs in a more beneficial manner.
Millenials are individuals who were typically born after 1980, which many people refer to as Generation Y. These people have now come of age and are entering the workforce, and there are a number of characteristics which make them distinct from previous generations. Another common interpretation is that millenials are the twenty-something. If you are an employer and you have millenials in your workforce, it is pertinent that you learn how to adapt to working with this group in a manner that will motivate them to perform at their absolute best.
While tracking attendance and work hours can be one of the larger expenses for your business, it is also something that can be controlled. Thanks to the advancements in technology, we can find automated time and labor management systems today on the market which provide managers with increased ability to handle worker hours while processing their expenses accurately. Do you know the best practices for effective time and labor management?
It is no easy task to hire the right talent, as great workers are usually the exception while mediocre workers are the standard. Hiring bad employees can cost you tremendous sums of money and even ruin your company, while hiring top employees can boost your productivity, market share, and bottom line. The people you choose to work for you is one of the single most important decisions you will ever make as a business owner. Below are 7 tricks that will help you sift through the dirt to find the diamonds.