All Payroll Articles

Post-Tax vs Pre-Tax Deductions: What Employers Should Know

By Charlette Beasley on March 30, 2020 | Human Resources, Payroll, Ultimate Guide | Comments (0)

The primary difference between post- and pre-tax deductions is the time at which employees are required to pay taxes on them. Pre-tax deductions, like some retirement contributions and insurance premiums, are amounts you subtract from the employee’s earnings before computing taxes, driving the tax bill down for both you and your employees. Post-tax deductions are…

8 Best Payroll Services & Payroll Companies 2020

By Charlette Beasley on March 23, 2020 | Buyers Guide, Human Resources, Payroll | Comments (0)

The best payroll services help businesses pay employees correctly, manage tax withholdings, and ensure deductions are taken for benefits, retirement savings, and garnishments. Annual payroll related costs for 10 employees can range from $1,000 to more than $22,000. The best payroll services are affordable, easy to use, and include both payroll and human resources support….

6 Best Restaurant Payroll Software 2020

By Charlette Beasley on February 5, 2020 | Buyers Guide, Human Resources, Payroll | Comments (0)

The best restaurant payroll software helps businesses pay employees accurately and on-time, manage payroll taxes, and track tips using special tip reporting features. Annual costs can range from $468 to more than $4,000 for 20 employees. We evaluated costs, restaurant-specific features, human resource support, and customer reviews to determine the top six systems. 6 Best…

Gusto vs ADP vs Paychex: Price & Features Comparison 2020

By Patrick Proctor on January 15, 2020 | Buyers Guide, Human Resources, Payroll | Comments (64)

When comparing payroll processing companies for small businesses, three of the best software options are ADP vs Paychex vs Gusto. They all help employers pay their employees and comply with applicable labor and tax laws. ADP and Paychex, however, have more reporting and customization options and are priced significantly higher than Gusto. When to Use…

Payroll Processing: What Happens During the Payroll Process

By Patrick Proctor on January 6, 2020 | Human Resources, Payroll, Ultimate Guide | Comments (0)

Payroll processing consists of the steps needed to pay employees each period, and involves tracking hours worked, deducting money for employee benefits, and remitting payroll taxes. Establishing a solid payroll process helps employers avoid penalties for breaking Department of Labor laws (minimum wage, unpaid overtime), and payroll software makes it easy. You can reduce the…

Payroll Forms Employers Need

By Charlette Beasley on December 5, 2019 | Human Resources, Payroll, What is | Comments (0)

Regardless of how many employees you have, payroll forms are a necessity. Most employers need the regulated payroll tax forms required to maintain good standing with the IRS, like W-4 forms for new hires. Other, less structured forms can also be useful in helping to better organize your company’s processes—for instance, direct deposit authorizations. Payroll…

Payroll Compliance: Important Payroll Laws to Know

By Patrick Proctor on December 5, 2019 | Human Resources, Payroll, What is | Comments (0)

Although many would argue that payroll is straightforward, payroll laws vary by state, and regulations change often. This article addresses how payroll tax rates, workers’ compensation, and more evolve. We also acknowledge how the IRS and United States Department of Labor (DOL) look upon many of the most critical compliance areas within payroll processing. Payroll…

How to Calculate Payroll for Employees

By Charlette Beasley on December 5, 2019 | Human Resources, Payroll, What is | Comments (0)

Before hiring employees, spend time learning how to calculate payroll for your business. It’ll save you time from having to correct errors and thousands of dollars in penalties; you might even experience lower turnover by eliminating paycheck frustrations. You can perform calculations manually (hours worked X pay rate), using an online calculator, or with software….

Industry-specific Payroll: Knowing Which Resource Is Best for You

By Patrick Proctor on December 5, 2019 | Directory, Human Resources, Payroll | Comments (0)

Fair or not, payroll is not the same for everyone. Depending on the industry your business is in, you may be faced with regulatory challenges that others don’t have. The agricultural, restaurant, construction, religious, and nonprofit industries have industry-specific payroll tax rules and IRS reporting requirements they must comply with to avoid penalties. The Importance…

How to Conduct a Payroll Audit [+ Free Payroll Audit Checklist]

By Laura Handrick on November 21, 2019 | How To, Human Resources, Payroll | Comments (0)

Conducting a payroll audit helps ensure your payroll process complies with labor and tax laws. Further, regular payroll audits reduce occurrences of fraud, embezzlement, and wage theft. You can strengthen your financial controls and address potential issues using our free customizable payroll audit checklist that covers how to conduct a payroll audit step-by-step. , which…

15 Tips For Managing Payroll Effectively

By Anna Dizon on September 23, 2019 | Human Resources, Payroll, Tip List | Comments (0)

Payroll management is a system for processing employee paychecks (salaries, bonuses, deductions), complying with labor laws, and maintaining adequate documentation. It’s important that businesses learn tips for managing payroll effectively, because it directly affects their financial health. In 2017, the IRS assessed almost $7 billion in civil penalties from non-compliance of employment tax requirements. Here…

7 Best ADP Payroll Competitors for Small Businesses

By Charlette Beasley on September 6, 2019 | Buyers Guide, Human Resources, Payroll | Comments (2)

There are numerous ADP competitors and payroll alternatives, many of which offer similar services at much lower prices. Many of ADP’s competitors are also easier to set up and use and may provide better customer support. The best ADP alternatives for small businesses will be loaded with processing features at an affordable price. Top 7…