Good news! After the unusually cold and stormy winter we’ve had this year, the economy finally seems to be thawing with U.S. employment statistics trending upward. Increases were recorded in the number of employees and hours worked and in pay rates. For small business owners, especially those in industries with several hourly workers, job growth can signal new business demands as well as challenges in handling increased payroll responsibilities. (more…)
Posted in: Payroll, Payroll Processing
Leave a Comment (0) →When Grace and her brother John took over the family small business, John insisted that his expertise was in the office. He would be in charge of any human resources needs, all employee needs regarding benefits and health care, payroll, and anything they might decide to do later, as they considered a partnership with another company.
Grace initially agreed that John’s suggestion was workable. After all, her strength was in sales and marketing. John was the one who insisted that he knew about the core of keeping the business financially on track. It would be a challenge, Grace thought. (more…)
Posted in: Payroll, Payroll Processing, Payroll Taxes
Leave a Comment (0) →Outsourcing has gone being from a dirty word to a wise business decision in the last couple of years. Let’s explore why. (more…)
Posted in: Payroll, Payroll Processing
Leave a Comment (0) →Mike has been coming into work at your small business late every day for the past two weeks. Even though you’ve counseled him, his behavior hasn’t changed. You have no choice but to terminate his employment. However, when you notify Mike that he’s fired, he demands his final paycheck right then and there. Do you have to pay Mike immediately what he’s owed?
According to Indiana Department of Labor, when employers discharge or lay off employees, they are not obligated to pay the employee immediately. However, the employee’s final wages “must be paid on or before the next regularly scheduled payday,” which would have been when the employee would have normally been paid had he or she remained employed at your workplace.
Even when employees quit, you can pay his or her final wages by the next regularly scheduled payday.
If an employee voluntarily resigns and hasn’t provided a forwarding address, and you don’t know where the employee lives now, as an employer, you must pay the employee:
If you don’t pay an employee who has resigned or been terminated his or her final wages within the required time frame, your company may have to pay additional penalties, interest, and any attorney’s fees and legal costs the employee spends while trying to force your company to pay them.
By outsourcing your payroll to a payroll services provider, like The Payroll Department located in Brownsburg, IN, they can help you stay in compliance with any government requirements. Contact Teresa Ray, owner of The Payroll Department, at (317) 852-2568. She’ll be happy to talk to you about your company’s payroll needs and explain all of the benefits you’ll receive when you turn your company’s payroll services over to them.
-Ariane of The Payroll Department Blog Team
Let Us Show You What We Can Do
We're ready to show you how easy payroll with us can be.