HR professionals, accountants, and payroll employees are often looking to simplify the complicated process of running payroll. Businesses and organizations of all sizes can benefit from monitoring payroll analytics, tax reports, and deduction information to effectively balance the books. But what’s the best way to easily track and identify payroll metrics? The answer: payroll reports.
Small businesses need to leverage all the tools at their disposal to make the most of their cash flow, marketing, and day-to-day operations. 29% of small businesses fail because they run out of capital. What if there was a way to stay on top of your income, expenses, and more all without any complicated process?
Running Michigan payroll can be a complicated affair. From withholding taxes, submitting the right payroll documents, and settling on a payroll schedule, there is a lot to manage. Fortunately, Dominion is here for you! We’ll outline the essential payroll documents you need to ensure accurate and compliant Michigan payroll.
Establishing 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:
It’s payday and you get a worried call or email from one of your employees. He says he checked his bank account and he wasn’t paid. He then tells you that he needs to pay his bills and that he lives paycheck to paycheck. How do you investigate and resolve this? A great way to minimize payroll errors is by using a single-source online solution like Dominion Systems. With Dominion, you have your payroll, time and attendance, and other HR processes streamlined together on the same platform. An all-in-one payroll solution improves accuracy, cuts dual-entry and makes your time spent on payroll more efficient. Enable your employees to fill out their direct deposit in the online Employee Self Service Onboarding process to minimize errors. In the 2017 “Getting Paid In America” survey, 93.74% received their pay via direct deposit. It’s no surprise this number is very high and as any payroll professional knows, mistakes happen and you need to be prepared for when they do. It becomes important to resolve the problem as quickly and efficiently as possible. Here are a few tips, specific for Dominion Clients, to help troubleshoot a missing direct deposit payment.
Year-end is here, and for the most part, it is the most wonderful time of the year. Holiday sales are up, employees are being festive and morale is high, holiday parties are happening left and right, and then there’s those of us who work in payroll. Year-end is one of the most stressful times of the year for those who do payroll for a business. There are 3 main areas that are involved in year-end:
At the end of the day, virtually every business requires the use of some sort of payroll software. Whether your business has one employee or thousands, it’s important to have the tools necessary to administer payroll and ensure your business is staying in compliance with tax withholdings. Your method of processing payroll can range from doing it in-house, using a CPA, or by using a payroll provider.
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.