In the eyes of a hacker, intercepting payroll data like employees’ bank account numbers, social security numbers, home addresses and wages would be like hitting the jackpot. A breach of this nature can cause irreparable damage to your employees’ trust and confidence, not to mention costly reputation and financial damages. These consequences don’t allow for […]
Delivering Business Insights
Category: "Payroll Tax Filing & Compliance"
For companies that provide benefit plans to over 100 eligible employees, spring usually means annual audit season is just around the corner. Undergoing a benefit plan audit can be a stressful time for any plan administrator — especially if you’re scrambling to compile the required documentation and meet deadlines. The best strategy for having a […]
Leveraging Direct Deposit to Your Advantage In today’s technology-driven environment, it is no surprise that more than 95 percent of U.S. employees receive their paycheck via direct deposits, according to the American Payroll Association. Given the numbers, if you are not paying your employees via direct deposit, you have to ask yourself why. Sure, you […]
Payroll record keeping is important for every business, regardless of its employee size. But with all the forms, documents and regulatory agencies’ requirements, it can quickly become overwhelming for most employers. Unfortunately, to avoid regulatory and legal scrutiny, it must be made a priority. Federal Requirements First and foremost, it’s imperative an employer comply with […]