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Setting Social Boundaries with Employees
How personal is too personal? Humans are social individuals and many of us enjoy interacting with other people – both on a business and personal level. We spend an average of about 40 percent of our time at work so the chances of your personal life diving into your business social life are high. But having personal conversations in a formal office environment is something you should be careful... -
How to Prepare When Switching Payroll Providers
Before you switch, keep these things in mind to prepare. There may come a time when you feel the need to switch payroll providers. Perhaps your current provider is missing the mark or maybe their company is dissolving. Regardless of why you switch, be sure you are completely prepared to make the transition as seamless as possible. Things to Consider When Switching Payroll providers range in price. Before diving... -
Do You Know About the Social Security Wage Base?
Determine if you are withholding as much as you should be and when to stop. Social Security tax is a tax that applies to both employees and employers. As an employer, you are required to withhold a certain percentage of each employee’s paycheck and to make a matching contribution. Social Security tax does not change each year (with a few exceptions). However, the case is not the same as... -
4 Reasons You Should Not Handle Payroll Alone
A risk not worth taking. Payroll is a vital part of your business but handling it all by yourself could cost you more than you may expect. Here are some of the biggest reasons you should not process payroll solo. Payroll Rules in Different States If you have multiple locations across state lines, you may find yourself facing an in-house nightmare when it comes to payroll rules and trying... -
Worker Classification: Consider All Aspects of Your Work Relationship
How to avoid the headaches associated with misclassifying your workers. The Department of Labor makes a big deal out of businesses who misclassify their workers, whether purposefully or accidentally. The IRS stands ready to penalize and fine those who do so. The act of misclassification can also result in a violation of workers’ compensation laws and a liability for unemployment taxes, along with many other issues. To help you... -
How To Reduce Organizational Training Costs
For rapidly growing businesses, the cost of training new employees — along with related expenses such as recruiting and hiring — can represent a substantial portion of the overall budget. Even organizations that maintain a relatively stable number of workers on the payroll must nonetheless dedicate a percentage of their funds toward hiring, recruiting, and training. After all, some degree of turnover is normal and unavoidable. The good news?...