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Get To Know About 1094-C & 1095-C For Mandatory 2017 Reporting

1094-C and 1095-C

Dec 21st, 2017 by TRAXPayroll

In September, the Internal Revenue Service introduced the 1094-C and 1095-C forms, which should be applied towards 2017 mandatory reporting. Below is what you need to know about these documents and how they should be used.

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How To Effectively Protect Cloud Payroll

cloud payroll

Dec 19th, 2017 by TRAXPayroll

Payroll data is highly coveted by cyber criminals today. Should it fall into their hands, the consequences will be horrific. The information will either be quickly sold to third parties or used to commit identity or digital theft. Companies which fail to secure their employee’s time and labor data and other salary information could find themselves hit with multiple lawsuits and crippling fines. As a consequence, many HR departments have looked for new ways to secure data, with cloud computing being one of the most popular. Below are some tips for effectively securing cloud payroll.

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Why You Should Eliminate Manual Timesheet Records

manual timesheet records

Dec 14th, 2017 by TRAXPayroll

Believe it or not, some HR departments are still processing their timesheet records by hand. While this is common among smaller businesses, there are a number of downsides to doing so, and these disadvantages will become more serious as the company grows in size. Below are some reasons why you should phase out manual timesheet records.

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Taking International Payroll To The Next Level

international payroll

Dec 12th, 2017 by TRAXPayroll

International expansion is a fundamental requirement for any business to become a multinational corporation. While this presents significant opportunities, it also increases responsibilities, one of which is managinginternational payroll. Below are some best practices for this process.

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The Challenges of Complying With Multiple State Taxation

multiple state taxation

Dec 7th, 2017 by TRAXPayroll

Transitioning from a business which operates in a single state to one that operates in multiple states is an important step towards becoming a large business, one of which business owners should be proud. However, while it presents many opportunities, there are also challenges, one of the most poignant of which is multiple state taxation. Below are some ways in which employers can deal with this situation.

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How HR Can Prepare For The Arrival Of Artificial Intelligence And Robots

HR

Dec 5th, 2017 by TRAXPayroll

Advancements in both robotics and artificial intelligence are set to change the way many industries operate, disrupting and overturning existing methods and processes in favor of new ones. While both small businesses and large businesses will benefit handsomely from these upcoming changes, others who fail to adapt will be left behind. Below are some ways HR can ensure robotics and AI works for them instead of against them.

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How Documentation Can Be Used To Improve Payroll

improve payroll

Nov 30th, 2017 by TRAXPayroll

One strategy used by payroll departments is to lower costs and boost productivity is documenting various department processes, finding components which are nonproductive and then altering or eradicating them entirely. Below are some reasons this method is effective, and ways in which it should be done.

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What The Demise Of DACA Means For Employers

DACA

Nov 28th, 2017 by TRAXPayroll

The Trump administration has addressed DACA, or the Deferred Action for Childhood Arrivals program, which means that both small and large businesses must be cautious in regards to managing employees whom the program covers to ensure they are in compliance with federal law. Below are some key things to be aware of.

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How To Attract And Retain Millennials With Flexible Office Design

attract and retain millennials

Nov 23rd, 2017 by TRAXPayroll

A growing trend among millennial workers is the preference for office space which is flexible in design. Such spaces encourage social interaction while also supporting a variety of different work styles. Ultimately, employers aim to use it to attract and retain millennials. There are a number of factors which have led to this preference, and we will explore some of them in this post.

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Which States Are Most Likely To Increase Their Minimum Wage In 2018?

minimum wage in 2018

Nov 21st, 2017 by TRAXPayroll

The labor departments of a number of states have recently made announcements regarding the status of their minimum wage, specifically whether or not it will increase. These announcements are important for employers and their payroll departments, as it lets them know what to expect for 2018.

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