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The end of the year feels far away, but in the world of payroll, it’s around the corner. Starting fresh in the new year means you don’t have to manually enter current year information—no pulling messy reports or hunting for missing data.
Imagine this: an employee storms into your office because their paycheck is wrong for the second time in a row. Or your business is hit with a tax penalty from the IRS. You outsourced payroll to avoid exactly these headaches and horrors.
As businesses expand and the workforce becomes increasingly mobile, employing out-of-state employees has become not only a common strategy, but also a more expected option from in-house employees.
Nondisclosure Agreements and Protecting Intellectual Property: California’s SB 699 and AB 1076
California’s Workplace Violence Prevention Plan (SB 553): What Employers Need to Know
On October 13, 2023, Governor Gavin Newsom signed California Senate Bill 525 (CA SB 525), setting a new minimum wage standard for healthcare workers starting June 1, 2024. This wage increase addresses economic disparities within the healthcare sector and improves workers’ living standards. Wage increases will be phased in over the next several years and vary depending on various factors. Smaller and rural hospitals will have less substantial increases in the immediate term than larger metropolitan institutions.
In the ever-evolving landscape of business operations, direct deposit fraud has emerged as a significant concern, and it is more common than you think. As cybercriminals become more sophisticated, safeguarding your company’s payroll system is essential.
As 2024 is just around the corner, it’s time to get a handle on some key changes in pay and labor laws heading our way. We’re looking at an uptick in the minimum wage and a shake-up in sick leave policies. Understanding these updates is essential not just for staying compliant, but also for creating a great place to work.
As the year draws to a close, it’s crucial for employers to ensure that their payroll is accurate and up-to-date. This ensures not only compliance with local, state, and federal regulations but also helps maintain trust and good relations with employees.
Paying close attention to details in managing payroll and human resources can often make the difference between success and adversity for organizations. Unaddressed issues can snowball into serious complications like compliance problems, unexpected expenses, legal hurdles, and unhappy employees.