Blog

7 Tips That Employees Can Use While Shopping For Health Insurance In 2016

tips to buy health insurance

Dec 17th, 2015 by TRAXPayroll

While employers can assist employees in learning how to find and purchase a health insurance plan, as well as providing reimbursement to cover the cost of the premium, they should not be involved directly with selecting and purchasing personal insurance policies for their employees. Below are a list of tips that can help employees find the health plan which is best for them.

Read More

Making The Transition From Paper-Based To Online HR & Payroll

from paper-based to online payroll HR matters

Dec 15th, 2015 by TRAXPayroll

Transitioning to a workplace solution that provides complete workforce management can greatly assist institutions which are employee focused. When payroll, attendance and time are combined with core HR into a single system, institutions can save a tremendous amount of time while also preventing errors and duplication during data entry.

Read More

Why Should You Use Cloud-Based HR Solutions?

HR executive using cloud solutions

Dec 10th, 2015 by TRAXPayroll

Cloud based HR solutions are the modern alternative to paper based systems, meant for the management of human resources. The reason for this is because such a solution is a long term and stable method which gives companies the ability to enhance their processes while structuring their workforce for business related initiatives. Institutions that choose to use cloud HR technology are gaining both cost and productivity advantages over institutions that continue to use traditional systems.

Cloud based technology provides an HR system with a core that is unified, which is ideal for companies that have or intend to have operations in multiple regions. Additionally, the cost of owning and operating these cloud based systems is low and they do not require constant software upgrades. Below are some ways that cloud based systems will streamline operations while also providing more time for strategic initiatives:

Read More

Payroll 101: What Are Payroll Services?

payroll documents

Dec 6th, 2015 by TRAXPayroll

Employees are typically paid at a rate which is set by a time period basis. In the U.S. employers are required to pay for employee benefits such as Medicare, worker’s compensation, Social Security, and federal or state taxes. Employers are also responsible for deducting a part of these taxes and fees from the paychecks of each employee, and each transaction must be recorded for audits and taxation.

Read More

Jersey City Ramps Up The Paid Sick Leave Law

Jersey city paid sick leave law

Dec 3rd, 2015 by TRAXPayroll

A recent ruling passed by the Jersey City council will require more businesses to recognize paid sick leave law for their employees. Businesses which employ ten workers or less are now required to give their employees as much as 24 hours of sick time with pay, and as much as sixteen hours of sick leave each year. Before this ruling, businesses in the area were only required to give their employees unpaid sick leave. The fines for violating this paid sick leave law will range from $1,250 to as much as $2,000 for every infraction.

Read More

How to Manage ACA Compliance

How to Manage ACA Compliance

Dec 1st, 2015 by TRAXPayroll

Many employers are overwhelmed by the regulatory demands when it comes to the Affordable Care Act (ACA), as this adds to their already-heavy workload. Keeping up with new legislation and industry changes can be challenging, but not keeping up with them can have severe consequences such as legal penalties. If you are wondering how you can manage ACA compliance without tipping yourself over, here are some useful tips you can consider:

Read More

Preparing For A Minimum Wage Increase

prepare for minimum wage increase

Nov 26th, 2015 by TRAXPayroll

A number of cities and states throughout the U.S. have begun passing laws to increase the minimum wage. While these wage increases are seen as being beneficial for employees, numerous small to medium sized businesses are apprehensive about this reform and its impact on company revenue. The good news is that businesses can take measures to manage increasing payroll costs while also remaining competitive. Below are some tips for achieving this:

Read More

Are You Eligible For A Section 105 Plan?

section 105 plan

Nov 24th, 2015 by TRAXPayroll

Some small businesses strive to offer the best health benefit plans to retain or recruit the best employees possible. However, there is a slight problem and it is that traditional health insurance plans provided by employers are too costly. As a result, only more than 50% of small and medium businesses offer some forms of health insurance today.

Read More

Why We Love Paperless Payroll

paperless payroll processing

Nov 19th, 2015 by TRAXPayroll

Today, the word ‘paperless’ will be the perfect word to describe how businesses are changing. Thanks to the continual acceptance and growth of cloud-based computing, an increasing number of businesses are reducing their dependence on paper usage and instead going with the reliable, organizational benefits of cloud-based business solutions. Along with cloud-based storage resources such as Dropbox and Google Drive, payroll processing is now one of the most common business practices to go paperless and it is not hard to understand why.

Read More

Do You Know How Annual Bonuses Are Taxed?

annual bonus taxation

Nov 17th, 2015 by TRAXPayroll

No one can deny that they love receiving their annual bonuses. However, not all of them really understand how these annual bonuses are associated with tax deductions, tax returns or even what is considered as a bonus by the Internal Revenue Service (IRS for short).

Read More

Request Quote