payroll

Your March Madness and NIL Contracts: Understanding Income Tax Implications for Student-Athletes

Due to landmark changes to NCAA policy, student-athletes are now empowered to earn Name, Image, and Likeness (NIL) compensation through contracts, sponsorships, and endorsements.…

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If I Outsource My Payroll Processing, What Happens with the Money Movement?

Many small and mid-sized business owners wonder what happens with their business’ money movement if they choose to outsource payroll to a qualified provider.…

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Payroll Security Best Practices in 2023

Whether you manage payroll in-house or with the help of a qualified provider, a host of confidential and sensitive information is involved in the process. From employee data like social security numbers and addresses to individual or business bank information, without responsible payroll policies and security measures in place, this information could be exploited by a cybercriminal or even a new, …

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Payroll Security and How to Protect Payroll Data

Payroll data breaches impact small and mid-sized businesses just as much as larger companies, often leading to reputational damage, as well as significant legal and financial consequences. Whether it’s protecting your business from external threats in the form of cyberattacks or preventing internal fraud caused by an existing employee, there are a number of measures you can take to protect your …

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How Do Tax Changes Happen When You Outsource Payroll?

Although some businesses still practice in-house payroll processing, it often comes at the expense of inaccurate calculations, delayed payments, tax-related penalties, and difficulties staying aligned with state and federal regulations. In-house payroll can also detract from employee time spent on more pressing and high-priority tasks that help a business grow.…

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Payroll Taxes? No Problem! We’ve Got you Covered

Who’s responsible for paying your payroll taxes when you outsource to a third party? Is it up to the employer? More stress added to an employer’s plate? Nope! Think again. When you outsource to Workforce PayHub, we take on the responsibility of making those payments to the IRS. We’ve got your back.…

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Step-By-Step Payroll Process: Small Business

More and more small businesses are opting to work with a qualified payroll provider to take advantage of mobile access, automated features, improved security, long-term cost savings, and heightened employee engagement. Managing payroll thoughtfully from the start also reduces the risk of non-compliance, legal penalties, and issues with employee turnover or dissatisfaction due to underpayment or …

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Secrets to Faster Payroll Processing

Manual, paper-based payroll processing can be the cause of miscalculated hours, scheduling discrepancies, PTO confusion, employee dissatisfaction, and other issues that cost your business money and time.…

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How Timely and Accurate Payroll Saves Your Business Money

When payroll is handled in-house or with a manual, paper-based process, it can lead to excessive time spent addressing payroll taxes, overtime calculations, worker’s compensation, and much more. The cumulative hours spent by staff can add up quickly, and even one-time errors can lead to penalties for noncompliance or cause employee turnover due to underpayment or a lack of trust in company HR …

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5 Reasons to Consider Outsourcing Payroll Processing

From cost savings to improved security and HR integration options, outsourcing payroll processing can help your business focus on its core business tasks while enjoying increased financial and legal peace of mind. When you work with a qualified payroll provider, your employee payments, tax reporting, and compliance considerations are all handled by experts who help you leverage mobile, …

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