Payroll

Are You Handling Retro Pay Correctly?

retrospective pay handling mistakes

Jul 21st, 2016 by TRAXPayroll

Retro pay, also known as retroactive pay, is a type of payroll payment which is associated with a past pay period. It is not the same as back pay, which is given when an employer owes an employee for a pay period where they didn’t receive any payment.

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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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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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5 Payroll Tax Problems To Avoid

payroll tax problems that must be avoided

Jun 9th, 2016 by TRAXPayroll

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:

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What Is SaaS & Why Should HR and Payroll Departments Use This Model?

importance of customer support with SaaS payroll

Jun 7th, 2016 by TRAXPayroll

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.

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The Benefits Of Cloud Payroll Software

benefits of cloud-based payroll software

May 5th, 2016 by TRAXPayroll

HR is an indispensable department, with payroll being one of its key functions. Research indicates that a number of companies plan to make changes to this department, largely influenced by the changes in technology. As the world becomes more interconnected via the web, ubiquitous computing, and mobile devices, a number of businesses are recognizing the importance of transforming their human resources departments in a way that makes them more digitized, productive, efficient, and paperless.

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Going Paperless At Your Workplace

creating workplace paperless

Apr 28th, 2016 by TRAXPayroll

A growing number of businesses are transitioning into a paperless environment. There are many advantages to doing this, and a number of start-ups have created services and products which make this transition easier. However, there are some general things you should consider when planning to go paperless, as both regulations and the needs of your clients may impact your ability to change completely.

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Quality Customer Support Is Key To The Success Of A Payroll SaaS Business

business payroll SaaS customer support

Apr 7th, 2016 by TRAXPayroll

The introduction of software solutions which are cloud based has led to the term SaaS, which stands for Software as a Service. While more people are becoming familiar with cloud computing, SaaS is a distinct concept which is an extension of it.

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When Must You Offer A Paid Internship?

Interns Getting Paid

Feb 25th, 2016 by TRAXPayroll

A paid internship is often a win-win situation for both parties. The intern gets the work experience which will help them find a job after graduation, and the institution they work for gets the help it needs. It also gives companies an opportunity to scout promising talent. However, one question that many institutions ask themselves is whether or not interns should be paid, and if so, when? The answer to this question is important, as it has legal ramifications.

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