Payroll Briefs

Category: "Payroll"

Understanding the Complexities of Merging Payroll Systems During M&A Activity 

Mergers and acquisitions (M&A) represent significant corporate transactions that necessitate the consolidation of operations, assets and often, workforces. Amidst the myriad challenges of these transitions, one often underestimated complexity is merging payroll systems.   Merging payroll systems entails a labyrinth of intricacies that require meticulous planning, scrupulous attention to detail and unwavering adherence to legal and […]

4 Considerations of a Payroll Frequency Change 

The frequency at which employees receive their paychecks is a fundamental aspect of their compensation, and any changes to this schedule can have a significant impact on both employers and employees. Whether a company is contemplating switching from a monthly to a bi-weekly pay frequency or vice versa, the decision to change pay frequency involves […]

8 Payroll Considerations for Your Construction Company

Running a construction company involves managing a multitude of tasks, from securing projects and materials to overseeing workers. Among the many responsibilities of running your business is payroll management, which is a critical function. Contrary to popular belief, payroll is not just about paying employees. It encompasses various aspects such as compliance with labor laws, […]

Why Now is the Perfect Time to Switch Payroll Providers

As we move into the fall, now is a great time to look at your business processes, including payroll, to assess your solutions and strategy. Looking forward to 2024, does your current payroll provider meet the needs of your growing business and employees? If not, this is the perfect time to transition to a new […]

U.S. DOL Proposes Increase to Minimum Salary for Exempt Employees

In a move that could impact millions of Americans, the United States Department of Labor (DOL) has proposed a significant increase to the minimum salary threshold for exempt employees under the Fair Labor Standards Act (FLSA). The long-anticipated proposal has the potential to bring about significant changes in the way employees classify their employees and […]

The Hidden Costs of Poor Customer Service from Your Payroll Provider

When it comes to running a business, efficient and reliable payroll is vital for maintaining employee satisfaction and organizational success. Unfortunately, not all payroll providers offer the same level of customer service, and the repercussions of receiving subpar support can be significant. Below, DM Payroll Solutions highlights the hidden costs that businesses may face because […]

District Court Upholds DOL’s Dual Jobs Final Rule on Tip Credit

In July 2023, a U.S. district court ruled the U.S. Department of Labor’s (DOL) dual jobs final rule under the Fair Labor Standards Act (FLSA) as valid. Several restaurant industry groups filed a lawsuit to halt the rule, but a Texas federal court issued an order rejecting the challenge. Although the industry groups plan to […]

How to Avoid Payroll Tax Penalties

When thinking about the tax obligations of your organization, the focus is normally on federal and state income taxes. But collecting, reporting and remitting payroll taxes in accordance with federal, state and local laws are equally important. The rules that come with payroll tax payments can be complex and the penalties for not meeting the […]

8 Ways to Keep Your Payroll Data Protected from Cyber Threats

Payroll security procedures are essential for safeguarding sensitive employee information, avoiding fraud and regulatory violations. Payroll data contains private information that should only be accessible by authorized individuals, such as employee names, social security numbers, tax information, bank account numbers and other private data. Yet, putting reliable payroll department security measures into place can take […]

Addressing Pay Equity at Your Company

Increased social awareness and workplace transparency have made pay equity more than just a standard compliance issue for many companies today. Business leaders are under increased pressure to fully understand and thoroughly respond to the issue of pay equity. Neither of those two broad challenges is a straightforward task.   To start, fully understanding what pay […]