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  • Payroll best practices

    7 Payroll Best Practices for 2017

    posted by Karri Bishop
    Newest Article
  • What does income withholding order mean?

    What Does An Income Withholding Order Mean?

    posted by Kaylee Riley
    Recent Article
  • 7 Payroll Best Practices for 2017

    Payroll is one of the most crucial (but dreaded) tasks of any HR department. Not only is the collective payroll “check” likely the biggest expense your company incurs — it also goes to your most important payee: your team. Effective payroll practices keep your company’s finances on track and contribute to employee satisfaction. For all their hard work, your employees don’t just deserve accurate, timely pay — they and their families rely on it.

    What Does An Income Withholding Order Mean?

    In 2013, there were about 13.4 million custodial parents in the United States. Of those custodial parents, 48.7% had legal or informal child support agreements.

    As an employer, you might hire an employee at some point who has a child support agreement. If that happens, you might receive an income withholding order. If you do receive an order, you need to know what an income withholding order is and what to do with it.

    So, what does income withholding order mean?

    The Difference Between Short-term Disability and FMLA Leave

    When your employees are sick, injured, pregnant, or need to care for a family member, they might want to take a leave from work. The type of leave an employee can use might be confusing to both you and the employee.

    There are many ways employees can take leave, including short-term disability and FMLA leave. Employees can sometimes choose between short-term disability and FMLA leave. They might even use one type of leave in a certain situation and the other type of leave at another time.

    When Are Federal Payroll Taxes Due?

    You must deposit federal payroll taxes on a regular schedule. You can’t send in the money once a year or whenever you feel like.

    You need to deposit your payroll tax liabilities when the government mandates they are due. There are multiple due dates, so you need to know exactly when each tax is due.

    So, let’s answer the question, “When are payroll taxes due?”

    The Deadline for Depositing 401(k) Deferrals (and What to Do If You’re Late)

    If you provide a 401(k) account as a benefit to your employees, you need to know the deadline for depositing the employee deferrals into their accounts. If you don’t deposit 401(k) contributions on time, you might face multiple consequences.

    In this article, you will learn the 401(k) deposit rules and what you should do if you make a late deposit.

    What Are Payroll Taxes?

    As an employer, you need to withhold several employment taxes and insurances from employee paychecks. If you’re self-employed, you have to pay employment taxes, too. Payroll taxes are some of the required employment tax withholdings.

    So, what are payroll taxes, and how much do you need to withhold?

    When Does Direct Deposit Go Through?

    You might have decided that you will pay some or all of your employees via direct deposit. Direct deposit helps simplify the amount of work you need to do when it comes to paying employees. But, employees might ask you when they should expect their wages to be deposited. When does direct deposit go through?

    How to Update Payroll for an Employee With a Family Status Change

    Your employees might have a change in family status while at your small business. An employee could get married, or another might give birth to a child. When your employees have a family status change, you need to update payroll records.

    State-mandated Paid Sick Leave

    When your employees have the flu, the last thing they want is to get out of bed to work. You probably don’t want them to come in and get everyone at your business sick either. But, if your business doesn’t offer paid sick leave, employees might force themselves to go to work. Some states have state-mandated paid sick leave to avoid an unhealthy workplace.

    What Does it Mean When an Employee Is Tax Exempt?

    While rare, some of your employees might be tax exempt. If an employee tells you that they are exempt, can you answer the question, “What does tax exempt mean?” Do you know how to adjust that employee’s payroll?

    Find out what tax exempt means and what your responsibilities are as an employer.

    7 Payroll Best Practices for 2017

    Payroll is one of the most crucial (but dreaded) tasks of any HR department. Not only is the collective payroll “check” likely the biggest expense your company incurs — it also goes to your most important payee: your team. Effective payroll practices keep your company’s finances on track and contribute to employee satisfaction. For all their hard work, your employees don’t just deserve accurate, timely pay — they and their families rely on it.

    What Does An Income Withholding Order Mean?

    In 2013, there were about 13.4 million custodial parents in the United States. Of those custodial parents, 48.7% had legal or informal child support agreements.

    As an employer, you might hire an employee at some point who has a child support agreement. If that happens, you might receive an income withholding order. If you do receive an order, you need to know what an income withholding order is and what to do with it.

    So, what does income withholding order mean?

    The Difference Between Short-term Disability and FMLA Leave

    When your employees are sick, injured, pregnant, or need to care for a family member, they might want to take a leave from work. The type of leave an employee can use might be confusing to both you and the employee.

    There are many ways employees can take leave, including short-term disability and FMLA leave. Employees can sometimes choose between short-term disability and FMLA leave. They might even use one type of leave in a certain situation and the other type of leave at another time.

    When Are Federal Payroll Taxes Due?

    You must deposit federal payroll taxes on a regular schedule. You can’t send in the money once a year or whenever you feel like.

    You need to deposit your payroll tax liabilities when the government mandates they are due. There are multiple due dates, so you need to know exactly when each tax is due.

    So, let’s answer the question, “When are payroll taxes due?”

    The Deadline for Depositing 401(k) Deferrals (and What to Do If You’re Late)

    If you provide a 401(k) account as a benefit to your employees, you need to know the deadline for depositing the employee deferrals into their accounts. If you don’t deposit 401(k) contributions on time, you might face multiple consequences.

    In this article, you will learn the 401(k) deposit rules and what you should do if you make a late deposit.

    What Are Payroll Taxes?

    As an employer, you need to withhold several employment taxes and insurances from employee paychecks. If you’re self-employed, you have to pay employment taxes, too. Payroll taxes are some of the required employment tax withholdings.

    So, what are payroll taxes, and how much do you need to withhold?

    When Does Direct Deposit Go Through?

    You might have decided that you will pay some or all of your employees via direct deposit. Direct deposit helps simplify the amount of work you need to do when it comes to paying employees. But, employees might ask you when they should expect their wages to be deposited. When does direct deposit go through?

    How to Update Payroll for an Employee With a Family Status Change

    Your employees might have a change in family status while at your small business. An employee could get married, or another might give birth to a child. When your employees have a family status change, you need to update payroll records.

    State-mandated Paid Sick Leave

    When your employees have the flu, the last thing they want is to get out of bed to work. You probably don’t want them to come in and get everyone at your business sick either. But, if your business doesn’t offer paid sick leave, employees might force themselves to go to work. Some states have state-mandated paid sick leave to avoid an unhealthy workplace.

    What Does it Mean When an Employee Is Tax Exempt?

    While rare, some of your employees might be tax exempt. If an employee tells you that they are exempt, can you answer the question, “What does tax exempt mean?” Do you know how to adjust that employee’s payroll?

    Find out what tax exempt means and what your responsibilities are as an employer.