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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.

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What is a PEO?

Insperity

Is your payroll a pain in the neck? These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.” Payroll processing. Are you bogged down by employee paperwork? One-stop shop.

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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.

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

Insperity

Tax reform did a number on payroll. Federal tax reform has resulted in big changes in the payroll arena, so your payroll to-do list likely just got a lot longer than in recent years, especially if you have employees in multiple states. Employers can face under-withholding penalties from federal, state and local governments.

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Pay Up! 10 Steps to Establishing a Payroll Process (Part 2)

Insperity

You’ve identified your payroll responsibilities, obtained the necessary employer IDs, gathered employee paperwork and properly classified your workforce. Now it’s time to make decisions, do the math and deliver on your payroll obligations. Here are the final steps toward setting up a payroll system: 6. Select a payroll solution.

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[Infographic] What can a PEO do for your business?

Insperity

This may include: Health insurance 401(k) retirement plans Healthcare FSA/HSA programs Life/disability insurance 2. Relief from payroll and HR administration overload Pass off your daily HR duties – like administering benefits, managing employee paperwork, processing payroll and tax reporting – to a group that specializes in HR.

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10 signs your business needs a PEO

Insperity

If not, you may not know there’s an issue until you notice a visa violation by Immigration and Customs Enforcement or there’s a payroll mix-up with the IRS. If they get sidetracked and forget to enroll by the required date, it could cause them and their dependents to miss out on health insurance until open enrollment rolls around.

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