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Posts Tagged small business

Celebrate Payroll!

Did you know that there was an actual National Payroll Week? There is, and in 2014 it is celebrated September 1 – 5. According to the American Payroll Association, there is a lot to celebrate, especially “the hard work by America’s 156 million wage earners and the payroll professionals who pay them.” All of us here at The Payroll Department think you should break out the champagne and make a toast! Let me share why… (more…)

Posted in: News, Operating a Small Business, Payroll, Payroll Processing

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Understanding State and Federal Labor Law Poster Requirements

As a small business employer, the State of Indiana and the U.S. government require you to display state and federal Department of Labor (DOL) posters in your workplace. These posters provide your employees with information about worker rights and must be posted in areas visible to all employees. Perhaps you’re aware you need to display these posters, but you’re not really sure which posters are required for your business or how you go about obtaining them. (more…)

Posted in: Payroll, Payroll Processing, Rules, Regulations and Laws

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Severance Package Points Employers Should Know

As a small business owner, you know a couple of life lessons. One lesson is that the pressure is definitely on, as in every day, all day long. And the second lesson is about employees, keeping track of them, training them, keeping them happy. That responsibility alone can feel about as easy as herding cats. (more…)

Posted in: Benefits and Health Care, Hiring and Firing, Human Resources, Payroll, Payroll Processing

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Business Growth Can Lead to Payroll Challenges

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

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Tips to Ponder BEFORE Starting a Small Business

Knowing that many small businesses fail, entrepreneurs must have their business model, and goals and objectives very carefully organized and decided before venturing into the world of small business.

No matter how passionate you might be, very often the cards can be stacked against you. That is why it is imperative to leave your ego at the door. Sit down with yourself or your business partners and very honestly discuss each others’ strengths and weaknesses. (more…)

Posted in: Operating a Small Business, Payroll, Payroll Processing, Payroll Taxes

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Rely on the Expertise and Leadership of Payroll Professionals to Prevent Costly Mistakes

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

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Federal Overtime Changes Ahead for Small Businesses

If your small business currently employs workers who are exempt from overtime pay, the recent presidential memorandum signed by President Barack Obama requesting changes to overtime regulations could mean your company’s payroll amounts may increase by 2015 or 2016. (more…)

Posted in: News, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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Small Business and the Final Paycheck

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:

  • within 10 business days after he or she demands payment of their final wages; or
  • when you receive an address where the final paycheck should be mailed.

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

Posted in: Payroll, Payroll Processing, Rules, Regulations and Laws

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Small Business Leadership is Better with Breaks

A very well-known pastor had many great saying that he would use to drive a thought home with the audience. Years ago I heard one that has really stuck with me. He said, “Come apart or you’ll come apart.” Generally he was talking about couples and marriage, but I know that the same applies to small business as well. (more…)

Posted in: Operating a Small Business

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