Signing a new client is one of the most exciting parts of running a payroll business. And when you’re first starting out, it can be tempting to accept just about anyone who walks through the door. But I’ve learned over the years that it pays to be selective about which clients you choose to work […]
Paying Terminated Employees – Thomson Reuters Employee turnover is a fact of life. And when an employee leaves, it’s important to keep in mind that different types of employee termination have different payment requirements. Terminated employees generally fall into one of three categories: Voluntary: The employee quit Involuntary: The employee was laid off or fired […]
It’s time for President Obama’s 2016 budget proposal – and, most importantly, it’s time to reflect on the numerous items that affect payroll and payroll departments. You may notice a few familiar topics, and there is some ongoing concern that these items could pass if they continue to be proposed. Here are the proposals that […]
Same Day ACH – It’s Coming! – Thomson Reuters The Electronic Payments Association (NACHA, previously the National Automated Clearing House Association) has adopted a rule to move payments faster by enabling same-day processing for ACH payments. Currently, NACHA moves money between financial institutions with a guarantee of 48-hour transactions. Many settle in just 24 hours. […]
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