Search results for "Payroll"
214 Results Found
-
How to Avoid Payroll Tax Penalties
https://www.dmpayroll.com/blog_articles/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 […] Read More
-
8 Ways to Keep Your Payroll Data Protected from Cyber Threats
https://www.dmpayroll.com/blog_articles/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 […] Read More
-
Finding the Best Payroll Provider for Your Business
https://www.dmpayroll.com/blog_articles/finding-the-best-payroll-provider-for-your-business/
Outsourcing payroll comes with clear advantages, all of which contribute to the overall efficiency of a business. However, it’s important to partner with the correct payroll provider to ensure your business’s unique needs are met. The right payroll provider can save you time, money and stress with your payroll processing. Below are five reasons it […] Read More
-
Payroll Considerations from the SECURE 2.0 Act
https://www.dmpayroll.com/blog_articles/payroll-considerations-from-the-secure-2-0-act/
As a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019, Congress passed a SECURE 2.0 Act in December 2022, aimed to provide even more retirement options for American workers. The latest legislation includes a significant number of provisions impacting retirement plan providers and its employees. There are over […] Read More
-
Payroll Tax Credit for Qualified Small Businesses Increasing Research Activities
https://www.dmpayroll.com/blog_articles/payroll-tax-credit-for-qualified-small-businesses-increasing-research-activities/
Previously, for tax years beginning before Jan. 1, 2023, a qualified small business could elect to claim up to $250,000 of its credit for increasing research activities as a payroll tax credit. The Inflation Reduction Act of 2022 (the IRA) increased the election amount to $500,000 for tax years beginning after Dec. 31, 2022. To […] Read More
-
Evaluating Your Payroll Provider in the New Year
https://www.dmpayroll.com/blog_articles/evaluating-your-payroll-provider-in-the-new-year/
With 2023 upon us, it’s a great opportunity to look at your business processes, including payroll, to assess your solutions and strategy. Are you unhappy with your current payroll provider? Is the solution lacking the right integrations to make your payroll process more effective? Use the new year as an opportunity to make improvements to […] Read More
-
6 Payroll Tips to Wrap up the Year
https://www.dmpayroll.com/blog_articles/6-payroll-tips-to-wrap-up-the-year/
As the end of the year approaches, it is crucial to ensure your payroll year-end information is accurate to help your business and employees prepare for tax season and year-end reporting. Even if you are an experienced pro, it can be easy to overlook items during the year-end crunch time. DM Payroll Solutions has outlined […] Read More
-
8 Ways to Prevent Payroll Fraud in Your Business
https://www.dmpayroll.com/blog_articles/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 […] Read More
-
4 Key Benefits of Integrating Your Payroll and General Ledger
https://www.dmpayroll.com/blog_articles/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 […] Read More
-
5 Benefits of Leveraging Pay Cards for Payroll
https://www.dmpayroll.com/blog_articles/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 […] Read More