August 2017 Archives

Comparing Payroll Software & Payroll Outsourcing

payroll software

Aug 31st, 2017 by TRAXPayroll

Payroll is one of the most important functions a business is responsible for, and it is critical to make sure it is done correctly. As such, many businesses choose to either outsource the process to a third party firm or use payroll software to streamline the process. Below are some things you should know about both options.

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How To Handle Open Enrollment Like A Pro

open enrollment

Aug 29th, 2017 by TRAXPayroll

Regardless of how many times you’ve done it, open enrollment can be a bit tedious. As a result below are some tips that have been developed by many large businesses to ensure the process is as seamless and hassle free as possible. It includes all the things you should be doing prior to, during and after open enrollment has been completed.

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The Rise Of The Remote Workforce

remote workforce

Aug 24th, 2017 by TRAXPayroll

Advances in computer and networking technology have drastically changed the employment landscape. It has allowed for the growth of a remote workforce which can complete complex projects over vast distances without being in the same building, city or even country. While the majority of employees throughout the world must still be physically present in most industries, the remote workforce is seen by many as being the wave of the future. Below are some benefits you’ll gain by using it.

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Need Help Calculating FICA Taxes?


Aug 22nd, 2017 by TRAXPayroll

One of the many taxes that business owners are responsible for paying is FICA. But what is it? How is it used? Anyone who is not a sole proprietor, and who employs at least one employee must pay this tax. Below are some things you should know including how it should be calculated.

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Understanding Mandatory & Voluntary Payroll Deductions

payroll deductions

Aug 17th, 2017 by TRAXPayroll

Payroll deductions are costs which are applied to the checks of employees every pay period. This means that the employee’s gross pay will always differ from the net pay, due to these deductions. Some deductions are mandatory while others are voluntary. While some deductions are levied by the state, others are federal. Below is a list of them.

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Quick Guide On Payroll Taxes In California

payroll taxes in California

Aug 15th, 2017 by TRAXPayroll

Payroll taxes in California are distinct from other parts of the country. It is one of many costs which extend beyond employee wages, and employers must know how to compute them, as well as what to contribute, withhold and the proper filing procedures. Below are the most important things you should know.

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Staying Compliant With Local Employment Regulations

local employment regulations

Aug 10th, 2017 by TRAXPayroll

The U.S. is comprised of 50 states which each have its own rules and local employment regulations, some of which can differ widely from one area to another. Therefore, companies new to a jurisdiction or which plan to expand into another state must ensure they are compliant with the local employment laws. Below are some tips for doing this.

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Most Popular Employee Benefits In 2017

employee benefits

Aug 8th, 2017 by TRAXPayroll

Employee benefits are constantly improving, so it is important for employers to keep abreast of the changes that are occurring in their respective industries. This will ensure that they will continue to attract and retain the top talent. Here is a list of the top benefits for 2017.

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How Employers Should Choose Between HRA and HSA


Aug 3rd, 2017 by TRAXPayroll

As insurance premiums and medical costs continue to increase, business owners are looking for new methods to lower their insurance related expenses. One common way of achieving this is by raising health plan deductibles. However, transferring the cost to workers can be problematic to employers, especially when it comes to hiring the top talent. Therefore, another option for dealing with rising deductibles is to package a medical plan which is high deductible with a HRA and HSA. Each can be used to fill the gap for a low and high deductible while simultaneously lowering insurance premiums.

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How Managers Can Capitalize On HR To Work Better

capitalize on HR

Aug 1st, 2017 by TRAXPayroll

Both the workplace and market are in a constant state of flux, requiring managers to overcome multiple challenges while striving to stay competitive. They depend heavily on human resources, and below are some tips that will help managers capitalize on HR in a manner that will maximize their efforts.

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