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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 258
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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.

Payroll 173
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Jack of all… master of SOME!

The Office Management Group

What it means is you cannot be an expert in how your air-conditioning system works, how it should be cleaned and serviced, nor can you be an expert in what sort of chairs are out there and the many functions of them all or an insurance or rates whizz who knows exactly what the best products are out there for your business.

Payroll 130
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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 100
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6 big soft cost savings associated with HR outsourcing

Insperity

Everyone wants less expensive benefits and insurance (and without having to scale back on coverage). Not only do different state and municipal governments pass their own laws independently of each other, but employment laws at the federal, state and local level are continually evolving.

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3 middle class families across America share what they earn, spend, and save

Work Life

Although household incomes have increased considerably since 1970, the share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021 (the last time Pew did an analysis of government data). In fact, that 50% number has been holding steady for the last decade, says Pew Senior Researcher Rakesh Kochhar.

Insurance 111
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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

government passed a significant piece of legislation: the SECURE 2.0 Act, such as adapting payroll and record-keeping systems. government is paying employers to set up retirement plans and contribute to them. In December 2022, the U.S. The SECURE 2.0 Act put in place mandatory and optional provisions to help U.S.

Security 279