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In Pursuit of Profit

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11/18/2022

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How to Fix Payroll Problems

 
Payroll problems are the type of issue that every company hates because they typically take a lot of time to identify and resolve and the employees that are affected are typically not very forgiving when the error requires payroll adjustments to correct. Additionally, in the case of public companies, payroll problems can quickly become big news, casting the brand in a negative light internally as well as externally. 
how to fix payroll problems
A businessperson in frustration looking at the word “Payroll” surrounded by related icons
The considerable time required to fix payroll mistakes is a significant penalty for any company to pay when an error occurs. Then, when you figure in the added cost of reduced employee satisfaction, which in turn can lead to turnover or hamper future hiring efforts, the cost of experiencing payroll problems becomes even steeper.  

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4/6/2020

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The Latest Oregon Law Changes that Affect Payroll

 
The Latest Oregon Law Changes that Affect Payroll
Recent changes to Oregon state law have made payroll management more complicated, requiring a broader awareness of how these changes will affect employee compensation in the coming months. Medical leave provisions, increased pregnancy protections, pay equity fixes, and retirement plan contributions have all been amended in Oregon for 2020. These legislative changes make accurate calculations and withholdings more crucial than ever before to avoid needing to pay back owed wages, delinquent taxes, and incurred penalties. ​​

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3/29/2020

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The Latest Washington Law Changes that Affect Payroll

 
The Latest Washington Law Changes that Affect Payroll
Major legislation that affects payroll and staffing in Washington state has been passed recently. Some of the new laws already rolled on January 1, 2020, while others will go into effect later this year. Legislation that spans changes to the minimum wage and exempt employee criteria, clarification of job duties, and issuance of paid family medical leave will add new complexities to HR functions and payroll calculations. ​These changes will affect operations across businesses of all sizes and compensation for a significant segment of the working population as well. 

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3/22/2020

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Common Payroll Errors

 
Common Payroll Errors
Payroll is a vital accounting function for any organization because it ensures that employees are compensated appropriately for their work and the business is complying with all applicable laws.

​Mishandling payroll can result in having to pay back owed wages to employees and back owed taxes to the government, as well as being hit with costly penalties.

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3/15/2020

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What Is QuickBooks Payroll Missing?

 
What Is QuickBooks Payroll Missing?
Intuit Payroll is a great add-on to QuickBooks, allowing small businesses to access many of the same features of more expensive payroll providers. However, much like QuickBooks itself, Payroll is a not a set-it-and-forget-it software that will automatically handle every detail for business owners and managers. Like any other payroll system, QuickBooks Payroll requires a certain amount of knowledge to get it set it up correctly and perform required upkeep.  

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3/8/2020

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What to Look for (and Watch Out for) When Using Payroll Companies

 
What to Look for (and Watch Out for) When Using Payroll Companies
​While some small business owners simply use a payroll software to manage payments to employees, others use full-service payroll providers. The decision usually hinges on cost of services and the scope of the work needed. Businesses with just a few employees and a small budget will typically choose to manage payroll themselves using an add-on that works with the accounting system or bookkeeping platform that they are already utilizing. 

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11/13/2018

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5 Tips for Payroll Tax Reporting

 
5 Tips for Payroll Tax Reporting
Payroll taxes are one of the most labor-intensive employment taxes that business owners handle. Also known as “FICA taxes,” payroll tax is comprised of Social Security and Medicare taxes. These taxes are withheld from employees’ paychecks as well as paid by the employers, which means that business owners must manage both sides of the equation.

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