Halloween is a time for trick-or-treating, drinking warm cider, and a little bit of light-hearted fright. Whether you’re celebrating with candy, costumes, or simply enjoying the amazing pumpkin-flavored everything that comes with the season, you shouldn’t have to deal with a scary payroll. Processing payroll should be a breeze, so be aware of these terrifying mistakes that could screw up your employees’ paychecks so you can rest easy this Halloween season.
You had an idea, received approval from the bank, filled out the necessary paperwork, and are ready to open your new business. Now, all you need to do is hire the people who will make your company thrive. Unfortunately, before you put the word out that you’re hiring, there are a few more hoops you need to jump through. Here are the 5 steps you need to complete before setting up that first interview.
Let’s face it, there isn’t a single payroll solution that works for every company across the board. There are many factors that go into making the best decision, ranging from company size to industry. In fact, even once you’ve narrowed it down to a single method of processing payroll there are still dozens of businesses and resources to choose from, so it isn’t difficult to find yourself using a means of processing payroll that is not the most efficient for your business. However, it’s important to consider all options to make sure you’re using the best method for your company. Here is a list of factors you should consider when narrowing down your payroll method in order to help you make that important decision.
Pay periods determine how often you run payroll and how frequently your employees get paid. The balance lies in choosing a pay period that minimizes the cost of running payroll and abiding by state law, while simultaneously giving employees a pay schedule they can rely on. As businesses grow, there are a myriad of reasons to change their payroll frequencies. Regardless of the reason, there are a few things to consider before making the switch.
Outsourcing payroll is a common practice in the modern business world. After all, there is no denying the time and money you can save by bringing in a third party software to assist with the intricacies of payroll. While processing payroll in-house is definitely a viable solution, whether it’s through manual bookkeeping or a variety of payroll apps, even small business owners are starting to see the benefits of outsourcing.
Some sort of payroll process is necessary for nearly any business, regardless of its industry. However, there are some industries that need more than just basic payroll software in order to better run their day-to-day processes. Chief among these is the manufacturing industry. Whether it’s assembly work, machine operation, packaging, shipping, or supervising, organizations in this industry need to have a payroll software that can handle the intricacies of running a manufacturing business.
As a payroll software company, we at Dominion know all too well that processing payroll has a lot of factors that processors have to consider. There are a lot of unnecessary expenses that can really add up if you don’t monitor them closely. Using a payroll software-as-a-service is the best way to avoid these mistakes, but obviously not every company is able to do that. If you’re still manually processing payroll, check out the three most common mistakes that even seasoned payroll professionals make.
New on Friday, February 15th
Dominion has some exciting updates coming out later this week, including a Payroll History Dashboard and some updates to our Applicant Tracking System. Check out these updates and more below, and as always, let us know if you have any questions at 616.248.3835 or email@example.com.