Remove Banking Remove Government Remove Planning
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. Also, there are some states and local governments that require separate ID numbers in order to process taxes. Plan how you’ll track hours worked and time off.

Payroll 262
article thumbnail

HR technology trends for 2017: Curing government compliance concerns

Insperity

Automation simplifies this process and allows managers to run reports to support planning and manage costs. Finally, integrated HR software should also help you gather the data you need to file government paperwork at the end of the year. Integration, convenience and mobility are key.

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

What are fringe benefits? What employers need to know

Insperity

Though you don’t withhold taxes for these parties, you may need to report the benefit to the government using one of the following forms: IRS Form 1099-NEC for independent contractors IRS Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. Independent contractors you hire for a specific job can be recipients.

Banking 255
article thumbnail

How to Choose an Employer-Sponsored Retirement Plan

Insperity

Sponsoring a retirement plan can help them get there. Retirement plans come in a wide range of shapes and sizes, each with its own unique functionality. The following steps can help simplify the process of choosing and managing a plan. The first step toward establishing a plan for your company is learning what is out there.

Planning 100
article thumbnail

Mental health at work: The laws and best practices

Insperity

The employee and the HR manager should engage in the interactive process to focus on and implement an accommodation plan and review future requests for work leave. The leave is usually unpaid, although certain states may cover time away with partial disability plans or additional private insurance compensation.

Legal 233
article thumbnail

Workplace violence prevention: 8 tips to improve office safety

Insperity

Are you located next door to a bank that could be robbed? Is there a government office on the floor above you? And, if you’re regularly transporting cash, such as bank deposits, don’t follow a set schedule. This makes it more difficult for thieves to study your routine and plan an attack. Do your employees handle cash?

Security 162
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. A separate report on Thursday from global outplacement firm Challenger, Gray & Christmas showing planned job cuts by U.S.-based They, however, planned to hire 3,676 workers in July. based companies dropped 47% to 25,885 in July.

Payroll 98