In general, time spent in job-related training is counted as time worked and must be paid. However, not every training program qualifies. If all four of the following criteria are met, you don't need to pay for the training: Occurs outside employee's normal work hours ...
As an accountant, banker, bookkeeper, or benefit broker, you strive to offer your clients the best solutions to keep their businesses and/or organizations running smoothly. One area where you can make a significant difference is payroll management. Many organizations are stuck with payroll providers that are...
When it comes to the Fair Labor Standards Act (FLSA), there are many potential missteps that small businesses can make. Unlike some laws, the FLSA doesn’t generally have exemptions for small businesses. If your company earns at least $500,000 a year or has employees who...
Question: We received a suspicious email asking for a change to an employee's direct deposit information. What should we do? Answer: This is likely a phishing scam: a type of con in which scammers use emails, texts, or phone calls to trick someone into providing company...
What’s the best payroll advice you've ever received? There’s no shortage of words of wisdom, and we have a handful of tips we’d like to share with you. Ways to improve the way your business handles payroll Let’s take a look at tips and tricks people...
Labor Day is celebrated the first Monday in September to honor and recognize the American labor movement and the works and contributions of laborers to the development and achievements of the United States. Both Payroll Partners and the Federal Reserve will be closed in observance of...
If you get pleasure from rewarding your team's performance with bonuses, you are not alone. But it's important to consider how those bonuses are given, along with the tax implications for both you and the employee. One-time bonuses are generally calculated by percentages. The rates cluster...
As a small business owner, it’s important to protect your payroll system from unauthorized access. Otherwise, cybercriminals can manipulate your payroll system to steal money from your organization. For more on phishing attacks and how to prevent them, read on. What Is a Phishing Attack? At...
As we start the second half of 2024, many of your clients are likely reviewing their budgets and planning for the upcoming year. This is an ideal time to consider how they can streamline their operations, reduce costs, and enhance their overall efficiency. One area...
Simple payroll errors are avoidable, but if you don’t pay attention, you could end up facing consequences that cost thousands of dollars in compliance penalties. Not only that but you might have to deal with unwanted attention on both you and your payroll department. To mitigate...