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What’s The Duration For Health Insurance Reimbursement?

Health Insurance Reimbursement

Sep 16th, 2018 by TRAXPayroll

When HRA (health insurance reimbursement) is first set up by a company, one question is frequently asked: is there a required (or specific) time frame for employee health expenses reimbursement? Employees, likewise, frequently ask what kind of time frame they have within which to get paid for their health expenses. For the most part, deadlines for health insurance reimbursement are HRA plan document defined.

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How To Calculate Gross Wages

calculate gross wages

Sep 12th, 2018 by TRAXPayroll

There are many challenges involved in the payroll process. One challenge, for many companies, is the topic of gross wages. Let’s take a closer look at gross wages to see if we can clarify matters.

Let’s face it, everything begins with gross pay when running payroll. What attracts many individuals to a particular job are the gross wages. And without them, how would payroll calculate an employee’s taxes and deductions on their wages? Take-home pay would be difficult to determine without knowing how to properly calculate gross wages. Read More

Do You Fully Understand The Tax Cuts and Jobs Act (TCJA)?

Tax Cuts and Jobs Act

Sep 8th, 2018 by TRAXPayroll

When it comes to alterations involving employee benefits tax breaks, the Tax Cuts and Jobs Act (TCJA) has left people with some negative and positive feelings. Both the benefit-providing businesses and the benefit-enjoying employees are affected by this act. This could prove to be a headache for employees and payroll departments alike. Let’s take a closer look.

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Don’t Be Tripped By Those Common HR Mistakes!

common HR mistakes

Sep 5th, 2018 by TRAXPayroll

Seriously, how involved could a job in HR really be? Oh, truth be told, it’s not an easy job, or even straightforward. Common HR mistakes, made by far too many companies to mention here, have and can lead to lost money and lost time. No matter if it’s a small mom and pop shop or a global corporation, every HR Department can fall prey to certain faults that can be potentially catastrophic. In order to help your HR Department avoid some of these downfalls, take a look at these top four common HR mistakes.

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Why Corporations Must Avoid The Matrix Structure

matrix structure

Aug 28th, 2018 by TRAXPayroll

The society is in the midst of a transition where the traditional one employee/one manager system is becoming obsolete. Instead, it has become commonplace in large businesses  and even some small businesses for one corporate denizen to be subject to numerous managers, each of which will be responsible for different work assignments. This arrangement is also referred to as being the matrix, and although change in business is usually considered a good thing, below are some reasons why this structure should be avoided.

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What 1099 Employees Need To Know About Taxes

1099 employees

Aug 23rd, 2018 by TRAXPayroll

1099 employees, whether they work in the office of their employer or at home, have access to much greater freedom and flexibility than traditional forms of employment. At the same time, this freedom comes with more responsibility, particularly when it comes to taxes. Both self-employed people and contractors must familiarize themselves with their employment status, and how their taxes should be filed, as a failure to do so could lead to steep fines and other penalties.

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Performing Same Day Payroll The Right Way

same day payroll

Aug 14th, 2018 by TRAXPayroll

Most employers now use ACH transactions to compensate their employees. ACH, or Automated Clearing House, comes in the form of electronic payments, direct deposit, bill pay or direct debits. One of the greatest benefits of ACH is that it allows for same day payroll. Below are some tips for doing it correctly.

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Why The Management of Your Workforce Must Evolve

management of your workforce

Aug 6th, 2018 by TRAXPayroll

Workforce management, like other aspects of human existence, is in a constant state of flux. The goal of most small and large businesses, irrespective of industry, is to satisfy their customers while earning their loyalty. One method of achieving this is ensuring your organization constantly pursues the perfect structure, and a key component of achieving this is the manner in which the workforce is managed.

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Tax Season Is Over But You Can Start Planning For The Next One!

Tax season

Jul 29th, 2018 by TRAXPayroll

Taxes and employee benefits are a key part of running a business. It is not something that should be taken lightly, nor should you wait until the last minute to do it. The best way to prepare for tax season is in advance, which will ensure the filing process goes as smoothly as possible. Below are some tips for achieving this.

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How To Accommodate A Workforce Which Is Multilingual

multilingual workforce

Jul 22nd, 2018 by TRAXPayroll

As workforces increasingly become more diverse, a need has arisen for multilingual accommodation. This ensures that both employers and employees will be able to communicate effectively. Maintaining open communication lines at all times will help prevent mistakes and confusion which could lead to accidents, labor management problems or catastrophic loses. Below are some ways to manage a multilingual staff without having to learn multiple languages.

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