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10 steps to maintain end-of-year payroll compliance

Business Management Daily

Some payroll tax compliance items are completed quarterly, or more frequently throughout the year. However, there are a large number of payroll compliance items that need to be completed at the end of the year or the start of the new year. Here are the steps you need to take to close out the year in proper payroll compliance: 1.

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Stay on track with this payroll compliance checklist

Business Management Daily

Form W-4 is the federal tax form that you’ll need in order to determine how much money to withhold from each employee’s paychecks for federal taxes. It asks for information such as the employee’s filing tax status, extra withholding preferences, and more. Payroll tax compliance checklist. FUTA taxes.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Consider Integration and Compatibility Ensure the platform seamlessly integrates with your existing HR systems, payroll software, and other relevant tools. These include self-service employee onboarding, document storage, payroll processing, tax filing, reporting, and human resources (HR) compliance assistance.

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An in-Depth analysis of the Best HR software solutions and how to pick one

Business Management Daily

Tax forms Job application Offer letter Performance reviews Disciplinary actions Time cards Resumes Medical records Pay stubs Signed employee handbook Benefits information PTO forms As you can see, every employee involves a ton of recordkeeping, which will quickly become incredibly cumbersome without a centralized software system to store it all.

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Paycor vs. ADP Workforce Now: Which is right for your needs?

Business Management Daily

Yet, Paycor’s basic package is perfect for small-to-medium-sized businesses (SMBs) needing effective and user-friendly payroll software. On the other hand, ADP Workforce Now tends to work best for larger companies that want an all-inclusive HR software solution. Read on to learn more about Paycor vs. ADP.

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