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There are many moving pieces when it comes to payroll. From managing employee hours worked, PTO , and deductions to ensuring your organization is withholding the correct state and local taxes from each paycheck—running payroll can be time-consuming. But it doesn’t have to be.
To employees, payroll may seem pretty straightforward. Employers, on the other hand, know how complicated payroll can get, especially when it comes to withholding taxes.
Payroll is a core HR function that carries a lot of importance but often comes with a high possibility of mistakes. While payroll mistakes are common, they can be costly to organizations and decrease employee satisfaction. Here are 5 common payroll mistakes and how to avoid them.
From managing employee hours, PTO , and deductions to ensuring your organization is withholding the correct taxes from each paycheck—running payroll can be time-consuming. Many organizations are moving their payroll onto HRIS platforms for a more seamless process, making spreadsheets a thing of the past. But it doesn’t have to be.
In our latest update, BerniePortal is excited to add Payroll to our comprehensive HR tools list. The Payroll feature of BerniePortal recognizes the importance of accurate and punctual paydays and simultaneously streamlines the process to save valuable time.
For small businesses, payroll can seem daunting…but it is doable. Running payroll is an ongoing process you must manage carefully from the moment your first employee is hired. Here’s what you need to know about running payroll, including how to set it up from the beginning and what your options are.
Payroll is likely your organization’s biggest expense. It’s also complicated, and mistakes make payroll even more costly. Here’s how to conduct a payroll audit, including why it’s important in the first place and seven steps to get you started.
From why it happens to common solutions organizations use, find out what you need to know about correcting a payroll overpayment. And while it isn’t the end of the world, letting an error go uncorrected can cause problems for organizations down the road.
13, 2020, that the wage cap for Social Security payroll taxes will increase in 2021. The Social Security Administration (SSA) announced on Oct. What do employers need to know about this update?
As we approach 2025, it's essential for HR professionals to plan for the upcoming year's payroll schedule. Understanding the number of pay periods and selecting the appropriate payroll frequency are crucial for budgeting, compliance, and employee satisfaction.
December 2019 | Nashville-based online benefits and HR software platform, BerniePortal, is a finalist in the 2019 SaaS Awards Program in the Best Cloud HR/Payroll/ERP Solution category.
The four types of payroll schedules are monthly , semi monthly , bi weekly , and weekly. Every business needs to determine which payroll schedule is right for their company. Here’s everything you need to know about the different types of payroll schedules to make an informed decision for your business. But it’s not that simple.
Payroll can be frustrating. Payroll certification in particular can be an excellent way to grow your HR career and master this critical role in your organization. Here’s what you need to know—from why payroll certification matters to how you can become a Certified Payroll Professional (CPP).
As HR prepares for the new year, it’s key to stay ahead of the curve on important dates and compliance requirements. Unlike last year, 2022 will have the usual 26 pay periods for those being paid bi-weekly.
For small to midsize businesses, payroll can be not only the biggest part of the budget, but also a daunting responsibility for HR. Ideally, an organization’s HRIS makes running payroll easier. But if dealing with the software is more trouble than it’s worth, it may be time to consider a change in payroll providers.
As HR shifts focus toward the new year, it is crucial to prepare for important dates and compliance requirements. Similar to last year, 2023 will have the usual 26 pay periods for those being paid biweekly.
If you have hourly employees, you know how important it is to keep an accurate record of employee hours to maintain compliance and run payroll. On paper, this is challenging, and it has traditionally created a significant administrative burden for the HR department.
Recent news has shown business leaders, and particularly human resources professionals, the importance of a solid business continuity plan. On Friday, July 19th, 2024, CrowdStrike pushed a patch update that went disastrously wrong.
One noteworthy takeaway is that in 2021, some employees and employers can expect 27 pay periods during the payroll calendar instead of the typical 26. As HR prepares for the new year, it’s key to stay ahead of the curve on important dates and compliance requirements. Here’s what you need to know.
In 2004, Walmart’s overnight employees began speaking out about being forced to stay at work even after they had clocked out. The New York Times interviewed Mr.Cobb who said that “on many workers’ fifth work day of the week, they would approach the 40-hour mark and then clock out, usually around 1 a.m.” to unlock the doors.
A human resources information system (HRIS) can help any HR pro navigate the complexities of payroll, applicant tracking, PTO, performance management, onboarding, and more. Here at BerniePortal, our team is dedicated to including you in our newest developments.
It focuses on the Human Resources issues facing small and medium-sized employers while tackling topics like benefits, compliance, onboarding, offboarding, payroll, and more! HR Party of One is BerniePortal’s new YouTube series and podcast for HR professionals.
For many employers, benefits are the costliest expense outside of payroll. Open enrollment is often difficult, time-consuming, and stressful. With this in mind, consider four ways you can approach open enrollment this season—and other best practices to help you finish the process strong.
This letter includes: The EIN (a nine-digit tax ID number used for filing federal payroll taxes) The business name The official filing address for your business A list of federal tax forms that your business is required to file (i.e. Form941, Form 940, and Form 1120) The due dates for those forms
After all, aside from payroll, benefits packages tend to account for the majority of employers’ budgets. It’s never too early to begin thinking about open enrollment. Whether you’re still working remotely or may be in the near future, there’s no better time than now to start planning your organization’s benefits administration strategy.
Shortlisted for Best Cloud HR/Payroll/ERP solution. Applicant Tracking: Seamless transition from offer to onboard Find the best candidates faster by bringing your recruitment online. And check out all of our product updates here! Awards & Recognition. Shortlisted for Best SaaS Product for Small Business / SMBs.
For some employers, hazard pay is part of the job. Dangerous worksites, physically demanding tasks, and other duties require additional compensation to keep positions staffed with skilled workers. For others, hazard pay probably won’t ever enter the budgeting equation.
Additional Reminders for HR: Respond to payroll errors : Provide corrected Form W-2C s in a timely manner to any employee with errors on their Form W-2. They will also receive Form 1099-SA from their HSA administrator no later than January 31.
If your organization employs hourly workers, running payroll requires a detailed understanding of how PTO, seasonal holidays, and more factor into their paychecks.
In turn, employers pay the price via inflated payroll and lost productivity. From manipulating timesheets to using work time for personal time– when employees are on the clock but not on the job, they’re stealing time.
Hiring records, I-9’s, payroll, tax records, and benefit information are the most commonly questioned components. Employers may be unaware that there are strict regulations, and if they are unable to come up with certain documentation after one’s termination, they may be subject to penalties or fines from the government.
Starting in 2020, the maximum earnings subject to Social Security payroll tax increased by $4,800 to a cap of $137,000 - meaning over 11 million workers earning above the previous cap of $132,900 saw more of their earnings taxed. The law also requires you to pay the employer's portion of two of these taxes: A 6.2 percent Social Security tax.
Whether it’s how insurance carriers get the eligibility information they need or how the payroll company gets the new hire, deduction or demographic information it needs, HR administrators interested in adopting software likely have questions about what to expect when it comes to integrations.
As the job market gets increasingly more competitive, companies are getting more creative on ways to recruit top talent. From unlimited PTO , flex work schedules, to better health plans – companies are offering more to their employees than ever before. The newest benefit employers are adding to the list? On-demand pay.
BerniePortal founder and CEO Alex Tolbert took the stage at Weekdays with Bernie this year to share the platform and company’s latest updates, including new product and service level enhancements.
Since the most recent increase brought the overtime threshold up to $35,568 in 2019, employers have wondered whether these numbers will soon increase again. The deadline to announce such changes was initially set for April 2022 but has since seen several delays. The most recent regulatory agenda set the date at May 2023.
A West Virginia Nursing Home recently found itself in hot water with the U.S. Department of Labor’s Wage and Hour Division. It was determined that they failed to pay correct overtime premiums to their employees, including on-call pay and other overtime bonuses. This error was costly – affecting 166 workers and back wages totaling $270,000.
The Human Resources Information System (HRIS) has become increasingly common in the modern era due to its ability to streamline many of the HR processes utilized daily. Some systems are already so ingrained into an organization that they are hardly noticed at all.
When organizations are confronted with financial uncertainties, It can be a daunting challenge to determine the best path forward. More often than not, this will involve pay cuts, layoffs, or potentially furloughs. Cutting staff or reducing pay is the quickest and most effective way to save an organization money.
Minimum wage in the U.S. Since the enactment of the Fair Labor Standards Act of 1938 (FLSA) , the United States government has regulated minimum wage, the minimum amount of pay an employer can pay an employee for one hour of work.
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