Posts tagged Tax Compliance
3 Compliance Issues Every HR Professional Should Be Aware Of

 Staying compliant is an important part of any business, no matter the size. Because your HR department deals with a variety of issues on a daily basis, staying compliant becomes a bigger responsibility for them in particular. Being aware of the most common compliance issues allows your HR department to prevent any problems if your company were to get audited. There are specific guidelines and regulations that your HR staff should follow in order to stay compliant such as the Fair Labor Standards Act (FLSA), the Family and Medical Leave Act, the Uniform Services Employment and Reemployment Rights Act, Federal Civil Rights, and so on.

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The Importance of HR Compliance and the Steps to Take to Avoid Fines

The Human Resources department in an organization is one of the most important because of the many duties HR staff has. Not only do they have to look for the best talent, interview, hire, onboard, and so on, but most importantly, they are responsible for handling compliance. In other words, it is the HR department's responsibility to implement all legislative rules and regulations that govern the relationship between employers and employees. This means that they have to stay on top of all federal, state, provincial, and municipal laws to ensure that there are fairness and equality in the workplace. It is up to the HR staff to understand and be able to navigate all the laws to ensure their organization avoids any fines or penalties, and protects its reputation.

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4 Features Your Payroll Provider Should Offer

As you may already know, there are many different types of payroll processing: ranging from in-house to outsourcing, to even using a CPA. You’ve probably have heard of many different payroll service companies, but do you know exactly what they do and what they offer? Just like their name suggests, payroll companies ensure that employees are paid on time and that all of the employers stay compliant. Obviously, payroll is more than just writing checks, and a good payroll company will offer more than just that. Depending on the size of the company and the software’s capabilities, there are a variety of different things that payroll companies do for their customers.

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Keeping Up With Compliance: What HR & Payroll Professionals Need to Know

First things first, compliance is everything in the back office. Whether you’re running the payroll, tracking employee hours, calculating who is eligible for ACA, or what have you, the key to success is making sure all your ducks are in a row. Issues with compliance can lead to hefty fines and working backward to correct what has been wronged. All-in-all, it should be avoided at all costs and with the help of a few tools, it can be for the most part. Even the most seasoned HR and payroll professionals can find themselves with a penalty due to error. 

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