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Rescue Your Business With a Payroll Audit

Patriot Software

Running payroll accurately is arguably one of your most critical employer responsibilities. But even if you use a reliable payroll processing system, there’s room for user error. You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll.

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Rescue Your Business With a Payroll Audit

Patriot Software

Running payroll accurately is arguably one of your most critical employer responsibilities. But even if you use a reliable payroll processing system, there’s room for user error. You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll.

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Why you need a regular business process and payroll audit review

Ascender

Why you need a regular business process and payroll audit review. Additionally, payroll could be a potential compliance challenge for many HR and payroll professionals in any business. One of the ways to maintain a good degree of compliance is to start with a payroll audit.

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Why Should HRs Invest in Payroll HRMS for Businesses?

Qandle

Businesses must ensure accurate tax calculations, timely submission of reports, and adherence to employment regulations. Cost Savings Implementing a Payroll HRMS can result in significant cost savings. By reducing the need for manual data entry and minimizing errors, businesses can avoid costly payroll audits and legal penalties.

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IRS Whistleblower Office is hard at work, extra caution advised

Business Management Daily

Recently, we discussed Payroll ethics and whether you’d break any ethical rules if you revealed someone’s tax information. We touched briefly on letting the IRS know about tax irregularities at your employer. If you’re blowing the whistle on your current employer, bring all your evidence to the initial meeting.

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A Guide to Payroll Management: Ensuring Smooth Financial Operations

Qandle

Tax compliance is a significant aspect of payroll management. Employers must accurately calculate and withhold taxes from employee paychecks, including income tax, social security, and Medicare. Employers must accurately track and manage these benefits to ensure they align with company policies and legal requirements.

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States push back against DOL’s PAID program

Business Management Daily

There’s a lot for employers to like about the U.S. Department of Labor’s new Payroll Audit Independent Determination program—known as PAID. Some state officials aren’t so enthusiastic. The post States push back against DOL’s PAID program appeared first on Business Management Daily.