Payroll

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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Small Business Payroll Software Tips

Payroll Software for Small Businesses

Feb 18th, 2016 by TRAXPayroll

The proper management of finances is one of the most important aspects of running a small business. This is especially true when it comes to payroll, which affects all members of the company. When considering small business payroll software, business owners must consider their needs versus the various options and features that the software offers.

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How Protected Is Your Payroll Data And Information?

payroll data and information being protected

Feb 4th, 2016 by TRAXPayroll

Protecting payroll data has always been important, but changes in technology have made it more so. While there are a number of online safety measures which have been developed, one of the greatest threats that employers face today are data breaches. However, the danger doesn’t end there.

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Should I Hire Employees As 1099 Or W2?

hire employee as 1099 or W2

Jan 28th, 2016 by TRAXPayroll

Most businesses want to be flexible when it comes to who they hire. In addition to employees, they may also hire independent contractors for various tasks. However, some business owners are concerned about the consequences of having too many 1099 employees, and want to know the advantages of hiring them versus W2 employees.

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Payroll & HR Software: 5 IT Terms You Need To Know

payroll & HR software IT terms

Dec 29th, 2015 by TRAXPayroll

Payroll & HR software has changed dramatically over the last few years. These newer software solutions are more flexible and cost effective, freeing HR personnel from continuous administrative work. These software solutions also allow employees to connect in a manner which increases productivity throughout the organization. When purchasing the newest payroll & HR software, there are five key technologies that you should look out for. Below is a list of them:

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Making The Transition From Paper-Based To Online HR & Payroll

from paper-based to online payroll HR matters

Dec 15th, 2015 by TRAXPayroll

Transitioning to a workplace solution that provides complete workforce management can greatly assist institutions which are employee focused. When payroll, attendance and time are combined with core HR into a single system, institutions can save a tremendous amount of time while also preventing errors and duplication during data entry.

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Payroll 101: What Are Payroll Services?

payroll documents

Dec 6th, 2015 by TRAXPayroll

Employees are typically paid at a rate which is set by a time period basis. In the U.S. employers are required to pay for employee benefits such as Medicare, worker’s compensation, Social Security, and federal or state taxes. Employers are also responsible for deducting a part of these taxes and fees from the paychecks of each employee, and each transaction must be recorded for audits and taxation.

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Preparing For A Minimum Wage Increase

prepare for minimum wage increase

Nov 26th, 2015 by TRAXPayroll

A number of cities and states throughout the U.S. have begun passing laws to increase the minimum wage. While these wage increases are seen as being beneficial for employees, numerous small to medium sized businesses are apprehensive about this reform and its impact on company revenue. The good news is that businesses can take measures to manage increasing payroll costs while also remaining competitive. Below are some tips for achieving this:

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Why We Love Paperless Payroll

paperless payroll processing

Nov 19th, 2015 by TRAXPayroll

Today, the word ‘paperless’ will be the perfect word to describe how businesses are changing. Thanks to the continual acceptance and growth of cloud-based computing, an increasing number of businesses are reducing their dependence on paper usage and instead going with the reliable, organizational benefits of cloud-based business solutions. Along with cloud-based storage resources such as Dropbox and Google Drive, payroll processing is now one of the most common business practices to go paperless and it is not hard to understand why.

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Payroll 101: Understanding The Pay Stub

understanding employee pay stub

Oct 29th, 2015 by TRAXPayroll

It is imperative for a business owner to know how to read a pay stub. The learning curve should help you understand what items to include in a pay stub, the meanings behind each item as well as the methods to catch potential payroll errors that may end up as costly mistakes. You will also need to know how to explain a pay stub as you may need to answer an employee’s inquiries about how they are being paid.

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