Tax-Free Health Reimbursement for Small Employers
Under the Affordable Care Act (ACA), qualified employers who provide group health coverage also can offer tax-free health reimbursement arrangements (HRAs), which allow employers to reimburse employees for health expenses on a tax-free basis. The ACA, however, does...
The New Age of HR Technology
We live in a connected age when everyone can reach each other 24/7 through emails, texts, and various social media channels. As more communication is churned out, it is often forgotten that the quality is just as important as the quantity. HR as a...
Payroll Policy Must-Haves
Through a payroll policy, you're better able to meet internal payroll deadlines, comply with federal and state payroll laws, and protect the company against wage and hour lawsuits. Make the policy concise while giving employees a solid understanding of...
Pros and Cons of PTO Infographic
Pros and Cons of PTO 40% of employers now offer a PTO plan, but how do you know if it’s right for your organization? Here are some of the pros and cons of PTO vs. segmented leave policies. These days, many of us are just an email, text, or click away from...
Payroll Procedures for Commissioned Employees
A commission is a sum of money an employee receives for performing a certain task. This sum is typically a percentage of sales made. Some employees receive commission only, others are paid a payroll commission plus a salary or hourly wage. In some cases, a...
How to Process Payroll for New Hires
Compensating new hires is a multilayered operation, consisting of activities that must be completed before, during, and after payroll processing. Before Payroll Processing To begin the payroll process, check the following: Determine the new hire’s pay...
Minutes to Decimals Conversion Chart
Convert Payroll Minutes to Decimals Use this simple Minutes to Decimals Conversion Chart to easily identify the correct decimal value for each unit of payroll time, a necessary step when processing payroll. When using payroll software, like Payentry, you...
6 Strategies to Reduce Workers’ Comp Claims
In 2016, the National Federation of Independent Business ranked workers' compensation as one of the most critical problems facing small businesses. Additionally, the National Academy of Social Insurance reported that employers spent a combined total of...
How to Create a Successful Paid Time Off Policy
Studies show that the use of a paid time off, or PTO policy and programs have been steadily increasing since 2002. Employers primarily are making this transition because of the simplicity of plan administration. These programs use a bank-type system that...
Federal Payroll Laws for Nonprofits
Nonprofit payroll processing can be challenging, as it requires dealing with special provisions of the Fair Labor Standards Act (FLSA), which is administered by the Department of Labor (DOL), and the federal tax code, which is governed by the IRS. FLSA...