Remove Deductible Remove Government Remove Overtime
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Proposed 2015 DOL Overtime Rule Changes: Primary Duty Test

HR Bartender

Department of Labor (DOL) published its proposed changes to the overtime regulations under the Fair Labor Standards Act (FLSA). Under the Act, to be exempt (from overtime), an employee must meet 3 requirements: The employee must be paid a minimum weekly salary; The employee must be paid on a salary rather than on an hourly basis.

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How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Also, there are some states and local governments that require separate ID numbers in order to process taxes. Remember that for hourly employees, overtime is generally 1.5

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Payroll Process: A Comprehensive Guide to Payroll Processing

Qandle

Understanding Payroll Processing: At its core, payroll processing involves calculating employee compensation, including salaries, wages, bonuses, and deductions. This includes hours worked, overtime, leaves, and any additional variables influencing pay. Looking for the Best HR Payroll Process ? Check out the HR Payroll Process.

Payroll 98
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Role of Payroll Software in Eliminating Compliance Risks

Qandle

Compliance risk in payroll refers to the potential for errors, omissions, or violations of laws and regulations that govern employee compensation. It arises when businesses fail to adhere to the various regulations governing how employees are compensated. Failing to do so can result in penalties, interest, and even legal action.

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A Guide to Payroll Management: Ensuring Smooth Financial Operations

Qandle

First and foremost, it requires a thorough understanding of applicable laws and regulations related to wages, taxes, and deductions. This involves maintaining detailed records of each employee’s working hours, overtime, leave, and any other relevant information. Effective payroll management involves several key components.

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A Guide to Payroll Processing in India

Qandle

From calculating employee salaries to managing taxes and deductions, payroll processing is a critical aspect of any business. Payroll processing is the act of computing and distributing employees’ compensation, including salaries, wages, incentives, and other benefits, as well as any relevant taxes, contributions, and deductions.

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5 common red flags that could get your business audited by the IRS

Business Management Daily

Large HR departments and sole proprietors both need to fully understand what a company can and cannot claim as a deduction. Handling business vehicle claims improperly, such as trying to deduct both actual expense and IRS standard mileage rate instead of choosing between the two. Questionable expense reporting. Misclassifying workers.