Fraudulent activity can be difficult to detect. But the longer fraudulent activity continues, the more financial fallout it causes for the business.
Read More How Small Businesses Can Fight Payroll Fraud Schemes
Payroll Articles
Payroll Tips, Training, and News
Outstanding Checks in Payroll: How to Handle
September 30, 2022Writing employees checks is one way you can pay them their wages. But if an employee takes too long to deposit their paycheck, you have to deal with the consequences. There are a few things you might have to do when paychecks are outstanding checks.
Read More Outstanding Checks in Payroll: How to Handle
What Is Form SS-4? Applying for an EIN for Your Business
September 30, 2022Some businesses are required to have a Federal Employer Identification Number (FEIN). FEINs, or EINs, are used by employers and other businesses for tax filing and reporting purposes. FEINs work similarly to Social Security numbers. When you include your business’s unique nine-digit number on documents, the IRS can easily identify your company. One way to […]
Read More What Is Form SS-4? Applying for an EIN for Your Business
Understanding and Implementing Employee Termination Procedures
September 30, 2022When an employee leaves your business, there are certain payroll and HR tasks you must do. It doesn’t matter if the employee is voluntarily or forcibly terminated. Employee termination procedures guarantee that your business remains in compliance with federal and state laws.
Read More Understanding and Implementing Employee Termination Procedures
Time Theft: What it Is and How to Stop It
September 30, 2022Do you think an employee is stealing time from your company? There are many types of employee time theft. And, worker time fraud can be expensive for your business.
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What You Need to Know About Mandatory Employer Registration
September 30, 2022Bringing on employees doesn’t make you an official employer. You must sign up for accounts with the IRS and your state to legally become an employer. Otherwise, you will violate employment laws, leading to hefty penalties. Make sure you know your employer registration requirements before hiring employees.
Read More What You Need to Know About Mandatory Employer Registration
When to Pay Employees for FLSA Hours Worked
September 30, 2022When nonexempt employees are doing their primary job duties, it’s easy to tell that they are working. Their working time should be compensated. But, when nonexempt employees are not doing their main job duties, it can be more difficult to tell if they are working and if they should be compensated.
Read More When to Pay Employees for FLSA Hours Worked
What You Need to Know About a Qualifying Life Event
September 28, 2022Employees have a window of time each year to sign up for certain types of employer-sponsored insurance. Although this open enrollment period takes place at the end of each year for all employees, an employee can add or remove coverage at any time of the year if they have a qualifying life event.
Read More What You Need to Know About a Qualifying Life Event
The Working Condition Fringe Benefit Is Tax-free. Who Knew?
September 28, 2022For many employers, nothing’s more confusing than employee benefits and payroll taxes. Are there any fringe benefits that are exempt from all payroll taxes? Yes, there are, and the working condition fringe benefit (spoiler!) is one of them.
Read More The Working Condition Fringe Benefit Is Tax-free. Who Knew?
401(k) vs. Simple IRA: Understanding Retirement Plan Options
September 22, 2022Are you planning to offer your employees a retirement plan for the first time? Or, are you considering switching from a SIMPLE IRA to 401(k)? Whatever the case, you might have questions about the difference between a 401(k) vs. SIMPLE IRA plan. After all, you want to choose the best plan for your business.
Read More 401(k) vs. Simple IRA: Understanding Retirement Plan Options