In the world of business, there are certain practices that may seem convenient in the short term but can lead to severe consequences in the long run. One such practice is paying employees under the table, a method where employers provide compensation without reporting it to tax authorities or adhering to formal payroll processes.
Read MoreIn an increasingly interconnected world, businesses are expanding their reach and tapping into global talent pools. However, managing employees who reside in different countries brings forth a complex set of challenges, particularly when it comes to payroll.
Read MoreBenefit plans are a key component in today’s HR and hiring marketplace. From trendy fringe benefits to extensive health care coverage, a comprehensive benefits plan makes a huge difference in attracting and keeping talented professionals. In fact, most employees would choose better benefits over a pay raise . Let’s examine what the most popular employee benefits are in today’s workplace.
Read MoreNew on Thursday, September 27th
Next Thursday evening, Dominion will be releasing some improvements to the software that will help further streamline your payroll and HR processes. Please read on so you are fully aware of these updates.
Read MoreEstablishing a reliable payroll system may seem like a simple HR issue, but it can cause a major disaster if you don’t approach it correctly. There are dozens of examples where brand new payroll systems failed to deliver the expected results, causing some severe damage to the local governments.
If you want to avoid the payroll system mistakes, you better make sure to understand how it really functions. Here are the top three tips for stress-free implementation:
Read MoreHiring college graduates is a trend nowadays. It’s only natural, it comes with many benefits and brings freshness to the workplace. Still, for new graduates who aren’t accustomed or adjusted to any work environment, it is the job of the employers and HR professionals to help their transition.
Read MoreThe world of tax law and payroll regulations is a complicated one. Managing pay periods, calculating overtime, and staying current on the latest procedures is no easy task. One critical component of tax law regulation your business needs to comply to is the lookback period. The lookback period is a complicated affair, but in general terms, a lookback period is a determined length of time the IRS uses to make sure your previous tax filings are correct. The status of your business will determine the length and filing type of your particular lookback period. Let’s take a look at a few common examples to better understand this component of tax law.
Read MoreWhen it comes to paying your employees, there are many rules and regulations to keep in mind in order to stay in compliance with the Fair Labor Standards Act (FLSA). Chances are, you’re aware of all the statues that regulate wages, overtime pay, and other similar ideas. However, not everything is quite as clearly defined as these, and there is a lot of gray areas that payroll professionals struggle to understand. And, as if this isn’t confusing enough, these guidelines have a tendency to vary somewhat from state to state. As a Michigan-based payroll and HR software company, we at Dominion have all the resources you need to break down some of these regulations in order to make sure you’re ready to process payroll and avoid any fines and penalties that might sneak up on you.
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