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Top 5 reasons to check your payslip

cipHR

CIPHR asked payroll expert Jon Lee for some pointers. As head of payroll bureau services at CIPHR’s sister company PBS , a payroll software and service provider, Jon and his team process payroll and BACS salary payments for 94,000 employees, across 500 organisations every month. Further reading.

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What Is Imputed Income? | Payroll Definition and Examples

Patriot Software

Group-term life insurance exceeding more than $50,000. Patriot’s online payroll software calculates the proper taxes for you. Opt for our Full Service payroll services and we will take care of withholding and depositing the taxes. As an employer, you must be aware of what can be considered imputed income.

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How to Handle the Death of an Employee in Your Small Business

Patriot Software

Do you offer benefits like health insurance, life insurance, and retirement plans? If you use payroll software, remove the deceased from the system. Keep payroll records for at least three years. Do not report the wages on Form 1099-MISC if you reissue an uncashed check. Take care of the deceased’s benefits.

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Form W-2 Box 1: A Guide for Navigating Through Confusing Discrepancies

Patriot Software

If you imported information from your payroll software or used a tax preparer, you may not know the ins and outs of Box 1. Taxable cost of group-term life insurance in excess of $50,000. Insurance protection under a compensatory split-dollar life insurance arrangement. So, what is Box 1?

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

Business Management Daily

HRMS tools tend to have the following features: Workforce management Employee lifecycle management Payroll software Employee recordkeeping Forecasting and reporting Recruitment and onboarding As you can see, HRMS programs are true all-in-one HR software solutions.