Remove Banking Remove Government Remove Payroll
article thumbnail

How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Having a firm grasp on these responsibilities and why they are important will help you set up a payroll process that encourages accuracy and is easy to run.

Payroll 264
article thumbnail

HR technology trends for 2017: Curing government compliance concerns

Insperity

Once upon a time, businesses with 50-150 employees could manage benefits and payroll through a series of non-automated, disjointed programs. Finally, integrated HR software should also help you gather the data you need to file government paperwork at the end of the year. Well, those days are gone. Self-service still pays.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Should you worry about the stock market tanking your 401(k)? Here’s what to know

Work Life

In 1981, the IRS issued new rules and regulations allowing employees to fund their 401(k)s through payroll deductions. and global banking crisis of 2007-2010, to name but three. This significantly increased the number of employees contributing to their employers 401(k) plans. As of September 2024, Americans held $8.9

article thumbnail

How to address employee pay in your inclement weather policy

Insperity

It’s important to communicate how payroll will work during a weather-related event, as well as emergency contact information and expectations for attendance. A retail bank, with operating hours of Monday through Friday, 8 a.m. A retail bank, with operating hours of Monday through Friday, 8 a.m. How will you pay exempt employees?

Payroll 177
article thumbnail

The number of Americans filing for unemployment is at an 11-month high

Work Life

Government data on Tuesday showed the layoffs rate in June was the lowest in more than two years. central bank on Wednesday kept its benchmark overnight interest rate in the 5.25%-5.50% range, where it has been since last July, but opened the door to reducing borrowing costs as soon as its next meeting in September. ” The U.S.

Payroll 98
article thumbnail

Summertime tax scams are going strong

BMT Office Administration

Economic impact payments Remember the three checks everyone got from the government during the teeth of the pandemic? They’ve spread to the internet, social media, unsolicited phone calls and even mailings that resemble official government letters but have fake agency names and usually urge immediate action.

Mailing 130
article thumbnail

Top 15 Compensation Management Tools in 2021

Vantage Circle

Clientele: Jane, TD Bank, United Airlines, First Citizens Bank, PetSmart. CompAnalyst also integrates seamlessly with payroll and HR budget systems, while automatically syncing internal data like job titles, employee performance , salary, and more. Payroll Entry. Compensation Governance. Reporting/Analytics.

Payroll 52