Vacation time can be a polarizing subject for employers. Employers are always reticent to pay for someone to not do their job. Employees, on the other hand, quite enjoy having the time off when it doesn’t impact their salary. However, we suggest reframing how you think about vacation time and PTO. Instead of thinking of… Continue reading Vacation Time is a Benefit, Bonus, and Boost for your Team
Bonuses are a popular way to increase employee loyalty and reward a year’s worth of “jobs well done”. However… as far as payroll goes, they are often misunderstood. With those holiday bonuses on the way, let’s cover one of the most common end-of-year payroll questions: how are bonuses taxed? It’s an oft-repeated question, especially at… Continue reading How are Bonuses Taxed?
When one of your employees puts in their two weeks notice, they may think that the heads-up time they’re giving you is doing you a favor. While the extra time to prepare for their departure can certainly help, you can run into some big time HR and Payroll headaches – especially if you aren’t aware… Continue reading Should You Pay an Employee Who Resigns With Two Weeks Notice?
Lockdown furloughs forced a large cohort of hourly workers out of their jobs, and because hourly workers don’t tend to be married to their industry, there’s a massive bidding war going on right now for their employment. That means if you’re hiring for an hourly job at your company, you’re not just competing against the… Continue reading Employee Retention in a Competitive Market
Tax filing season is here, and the IRS is encouraging individuals to assess their tax situation as the deadline to file approaches. Take a moment before you start on your taxes for the year to read up on the special steps involved in assessing your advance child tax credit payments, your economic impact payments and… Continue reading Tax Filing Tips for 2022
The decision to outsource your payroll can seem like a difficult one, but it’s well worth it. Not only will outsourcing your payroll to Capital Payroll Partners save you untold amounts of time, but you’ll also be insuring that your business is compliant with ever-changing regulations. That all sounds great, right? Here’s even better news:… Continue reading How Easy is it to Outsource Your Payroll?
Large businesses of 500+ employees are typically able to have their own, in-house payroll department, or have big money deals in place with the payroll giants to handle it for them. But the vast majority of small and medium businesses are not able to fund their own payroll department (complete with salaries, benefits, insurance, etc… Continue reading Why Choosing a Local Payroll Provider is the Right Decision for your Business
Bonuses and incentive programs are some of the best ways to motivate employees. However, in order for them to work, they must be equitable, realistic, achievable, and concise. Therefore, a successful bonus program must be thoughtfully designed. Boiled down, a bonus is simply extra money, paid to employees, in addition to their wages or salary.… Continue reading How to Create a Successful Bonus Program
Are you sure you’re classifying… and paying… each of your employees correctly? The determination between whether an employee is a standard employee or an independent contractor has always been a source confusion and frustration. It’s essential for businesses to get it right, because the consequences can be costly. Fortunately, the IRS has some fairly clear… Continue reading Are Your Employees… Employees?
Let’s face it… the pandemic has changed how the working world works. Whether it’s a permanent change remains to be seen, but for now, companies must embrace the new normal. With quarantines, mask mandates, varying vaccination statuses, it’s become a simpler and better option for a huge number of workers from different industries to work… Continue reading Becoming a Great Remote Leader