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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
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Court-ordered employee wage garnishment: an employer’s guide

Insperity

The court order legally requires you, as the employer, to hand over a specific portion of an employee’s paycheck and send it directly to a third party, which could include the: Creditor Attorney for the creditor State or federal government State or federal court. How is the employer notified? What actions must the employer take?

Payroll 261
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Federal tax reform: 5 HR must-dos for every business

Insperity

Our nation’s first major tax reform in more than 30 years has spurred many business owners to spend hours with their CPAs and tax consultants over the past few months. Tax reform did a number on payroll. Make no mistake: It’s essential for you and your payroll managers to be informed enough to communicate changes accurately.

Payroll 189
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10 Easy Ways to Sabotage Your Payroll Process

Insperity

Running a business means managing a ton of moving parts; payroll is just one of them. With so much going on, even within the payroll process itself, it’s easy for business owners to slip up. Keep an eye out for these payroll faux pas: 1. By using an automated payroll processing system, this oversight can easily be avoided.

Payroll 101
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Pay Up! 10 Steps to Establishing a Payroll Process (Part 1)

Insperity

Whether you have one employee or 1,000, the process for implementing a payroll system is the same. 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. How do you get started? Which taxes apply to which employees? Stay tuned!

Payroll 100
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Successful mergers and acquisitions: How a PEO can help

Insperity

Rounding out your list are likely things like compliance law, worker’s compensation, payroll administration and company culture. When you enter into a co-employment relationship , a PEO takes on many of your employer-related responsibilities such as payroll, benefits, tax remittance and related government filings.

Payroll 194
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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. Consult with a qualified financial adviser before making financial decisions. This significantly increased the number of employees contributing to their employers 401(k) plans. As of September 2024, Americans held $8.9