Tackling Payroll Compliance Like A Pro

payroll compliance

Mar 21st, 2017 by TRAXPayroll

Payroll laws are in a constant state of flux, making it challenging for HR departments to keep up. For example, states all over the U.S. will be increasing their minimum wage in the coming years, which will require changes in the way payroll is processed. Below are some effective tips that will ensure your payroll compliance is always on point.

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How You Can Ensure Accuracy For Payroll Management

accuracy for payroll management

Mar 7th, 2017 by TRAXPayroll

How accurate is your payroll? Research shows that accuracy for payroll management plays an important role in building loyalty and trust with employees. Errors involving payroll can lead to a number of problems which extend beyond compensation and in severe cases can be very costly to resolve. Here are some ways in which you can ensure your payroll is as accurate as possible.

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A 3-Step Guide For Changing Your Payroll Processing System

payroll processing system

Feb 21st, 2017 by TRAXPayroll

A quality payroll processing system is a necessity for businesses of all sizes. However, switching to such a system for the first time can be challenging. Here are three important steps you’ll want to take to ensure your payroll processing program is smoothly and correctly implemented.

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Keeping Your Payroll Data Safe

securing payroll data

Feb 9th, 2017 by TRAXPayroll

Statistics indicate that fraud associated with payroll data comprised over 10 percent of global corporate fraud cases, with enterprises suffering an average loss of approximately $50,000 annually. While $50,000 may not be much to Fortune 500 and 1000 companies, it can cripple small businesses and if trends continue, this amount is expected to grow. Below are some steps to ensure that your company doesn’t become victimized and can safeguard your payroll data.

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What You Should Know About Wage Garnishment

wage garnishment facts

Feb 7th, 2017 by TRAXPayroll

Wage garnishment is an issue that every employer will face at some point, but many employers know little about it. However, it is a key aspect of payroll that employers will need to familiarize themselves with, so here’s a mini lesson on wage garnishment.

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Why Should You Opt For Direct Deposit Solutions For Payroll?

direct deposit solutions

Jan 19th, 2017 by TRAXPayroll

One of the most important aspects of operating a business is compensating employees. Not only does Payroll involve how much you’ll pay your workers, but also how and when. While many employers continue to pay their workers through old fashioned paper checks, there are a number of advantages you’ll gain by switching to direct deposits. These benefits can be broken down into three main advantages, which are security, convenience, and cost.

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Tips For Managing Holiday Payroll

managing holiday payroll

Dec 22nd, 2016 by TRAXPayroll

The holidays are one of the busiest times of the year, especially for payroll personnel. Employees may be eligible for bonuses and overtime and additional HR staff may be necessary to ensure their holiday payroll is distributed accurately and on time. Here are some tips for doing that.

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Do You Need To Switch A Salaried Employee To An Hourly Paid Position?

change employee to hourly paid

Nov 29th, 2016 by TRAXPayroll

The new overtime rule has resulted in many employers switching their employees from salary to hourly paid. While some employers believe that employees who perform certain duties are exempt, this is not necessarily the case. An employee is only exempt if they meet the guidelines which have been established by the FLSA.

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A Simple Guide To Understanding US Payroll Regulations

US payroll regulations

Nov 24th, 2016 by TRAXPayroll

While the United States has a multi-trillion dollar economy which provides significant opportunities to both local and international businesses, many companies make mistakes when it comes to interpreting US payroll regulations. This is understandable as these regulations can be quite complex. In addition to the federal laws regarding payroll, employers must also take into consideration state and municipal compliance. Below is a simple guide to interpreting American payroll regulation in a manner that will benefit businesses.

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Small Businesses Can Benefit From Tax Preparation Software

tax preparation software

Nov 22nd, 2016 by TRAXPayroll

While it is certainly possible to prepare your taxes manually, there are a number of advantages you’ll gain by using tax preparation software. If you’re a smaller business or sole proprietor, you’ll find that this software is sufficient to handle most, if not all, your tax needs. This will give you more time to focus on improving your business. Here are some of the key benefits you’ll gain by using such tax prep programs.

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