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The Comprehensive Benefits of a Managed Payroll System

EmployeeConnect

In the dynamic landscape of business operations, where efficiency and accuracy are paramount, organisations are increasingly turning to managed payroll systems to streamline their financial processes. The traditional approach of handling payroll in-house is gradually being replaced by outsourced, technology-driven solutions.

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Paycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness

Netchex HR Blog

Part of the CARES Act passed in March (and then replenished a month later ), the Paycheck Protection Program (PPP) is a loan program for small businesses designed to provide a direct incentive for keeping their workers on the payroll. How are “payroll costs” defined under the PPP? June 3, 2020.

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Switching Payroll Providers: Breaking Up with Your Current Provider

Netchex HR Blog

Switching payroll providers requires significant planning and prepping, but it doesn’t have to be difficult. As we showed in our previous blog , when the time comes to switch payroll providers, you’ll notice the signs. What types of support or functionality were missing with your old provider?

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What is a PEO?

Abel HR

But what exactly is a PEO? What is a PEO: Professional Employer Organization. A PEO, also known as Professional Employer Organization, is an outsourced employee management service. It provides solutions for administrative assistance such as recruitment, payroll processing, benefits, and many other HR concerns.

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Contractors and Exempt Employees: How Worker Classifications Impact Payroll and Taxes

Netchex HR Blog

What do you need to know about contractors and non-exempt employees? You’re probably familiar with the terms, but what do they really mean and how do they affect the payroll process ? It’s important to know where to draw the line and what happens when someone is misclassified. What’s the difference?

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Common Payroll Mistakes and How a PEO Can Help Avoid Them

Extensis

Tips for Keeping Your Business Compliant and Productive Quick look: Managing payroll can be complex and time-consuming, involving multiple tasks like calculating wages, withholding taxes, and filing reports. With so many moving parts, it’s no surprise that payroll mistakes happen and can have serious consequences for businesses.

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What is Self-Employment Tax and What are The Rates for 2019?

Zenefits

If you work for yourself or have your own business, you are probably all too familiar with the headache that is filing your business taxes. Fortunately, if you have a plan in place, you can easily file your self-employment tax 2019 and predict what you’ll have to pay. What Defines “Self-Employment”?