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Top 7 Payroll Tips for Business Owners

Effortless HR

If audited, a business should have four years’ worth of records including the amounts and dates of wages, payments and tips reported, names, addresses, Social Security/EIN numbers of employees, copies of income tax withholding allowance certificates, dates and amounts of tax deposits filed, and records of “fringe benefits.”

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The A-Z of HR technology

cipHR

Business process outsourcing (BPO) – outsourcing a business function, such as payroll, to a third party. HR automation – the process of automating repetitive manual tasks to streamline existing processes. Human Resources Information System (HRIS) – another term for HR software.

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HR systems features: the definitive A-Z of HR technology

cipHR

Business process outsourcing (BPO) – outsourcing a business function, such as payroll, to a third party, such as an outsourced payroll bureau. Case management – employee-relations cases can be tricky to manage. Human Resources Information System (HRIS) – another term for HR software.