Payroll Briefs

Category: "Payroll"

8 Ways to Prevent Payroll Fraud in Your Business

Employee payroll fraud is a challenging issue for many business owners across the country. It occurs when an employee or unauthorized user wrongfully manipulates the payroll system to receive payment they haven’t earned. DM Payroll Solutions shares the different types of payroll fraud, as well as ways to prevent it, to ensure your business doesn’t […]

Student Loan Relief Extension and Wage Garnishments: What Employers Need to Know

The U.S. Department of Education (DOE) has announced its final extension of the federal student loan relief, this time extending it to Dec. 31, 2022. The announcement was welcomed by both students and parents across the country, providing more immediate financial freedom during the current economic climate. Since the relief has been extended, the collection, […]

Recent National Research Study Indicates Support for Same-Day Pay

To those accustomed to receiving a paycheck every couple weeks, getting paid every day might sound like either a dream come true or a troubling temptation. For better or worse, “same-day pay” is becoming an increasingly popular payroll benefit offered by employers. And the results of a recent study indicate that many employees would appreciate […]

4 Key Benefits of Integrating Your Payroll and General Ledger

When it comes to your business’s financials, there is a lot for your team to account for. Managing AR and AP within the general ledger is an all-encompassing job in itself! However, there’s still the task of processing payroll wages and incorporating them into your ledger. Historically, payroll and the general ledger have been accounted […]

5 Benefits of Leveraging Pay Cards for Payroll

In an increasingly paperless world, more and more employers are furthering their green initiatives by taking aspects of their business digital. One of these areas of focus is payroll, with employees greatly welcoming direct deposit of their wages to save trips to the bank. However, not every employee is a bank customer and this proves […]

3 Crucial Reasons to Outsource Your Payroll

For many business owners, the idea of outsourcing any task when it could be handled in-house is seen as an unwarranted expense. However, when you take into account something as crucial and compliance-focused as your organization’s payroll, this couldn’t be more false. No matter if your company is a start-up or a multi-location corporation, outsourcing […]

Undertaking a Pay Equity Audit at Your Business

Pay equity is both required by law and a sound business practice. However, providing equitable compensation to employees who perform the same or similar jobs, while accounting for differences in experience and tenure, isn’t easy. That’s why every company should at least consider undertaking a pay equity audit to assess its compensation philosophy and approach. […]

State Unemployment Insurance Taxable Wage Bases to Reference in 2022

The Federal Unemployment Tax Act (FUTA) mandates each state’s taxable wage base must at least equal the FUTA base of $7,000 per employee. States use different formulas to determine their taxable wage base; some adopt the FUTA wage base as law while others use a percentage of the state’s average annual wage. Then there are […]

Accounting for Inflation and Pay Transparency Within Today’s Workforce

With recent labor shortages and inflation on the rise, business owners are being forced to reevaluate their compensation planning. As it stands, employers struggle with attracting and enticing new hires, as well as structuring salary increases to keep current employees satisfied. A recent report by Payscale, a pay data firm, unveiled key insight from management-level […]