February 5, 2018 / GuidesFor Team
Payroll is not a bed of roses for companies. Most of the time spent by businesses involve paying staff and filing taxes. What makes it harder are the constant changes in employment law as well as state and federal tax.
There is no room for error when it comes to payroll. Businesses have to make sure that they are compliant with all regulations as making mistakes can incur penalties or financial losses.
The article mentions several problems like managing overtime, uncategorized employees, ineffective time records, multi-state complications, and untimely payroll processing. All these have examples of specific problems as well as specific solutions that can be done in order to solve the problem.
It is comforting for businesses to know that their companies are in good hands when they hire payroll managers who know the federal and state laws. Payroll software augments their efforts and makes sure all is compliant with state laws.~~ Lornajane Altura
Posted In: Research