5 Common Payroll Mistakes

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  • May 27, 2015
  • 5 Common Payroll Mistakes

    When a company chooses not to set up a payroll outsourcing system and keeps it in house, not very many consider the potential problems that could arise from one non-intentional mistake. Some of the problems could be the loss of trust from a valuable employee who will choose to leave causing loss of talent. Even more importantly, payroll mistakes can result in massive fines, penalties and payback amounts to the tax to the IRS. Here are the five most common payroll mistakes that you should be aware off and try to avoid.

    Incorrect payroll set-up

    This is one of the most common problems that can go unnoticed.…

    How to avoid Payroll Fraud?

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  • How to avoid Payroll Fraud

    Payroll fraud is a very common practice that happens in about 36% of businesses, whether you are using a payroll service or not. It can take as long as five years to be caught and once it is, it is usually very difficult to reverse the damage already inflicted on the business and all the money that was lost and taken away. This is why it is very important to actually monitor payrolls this site can help you to ensure that there is no money being spent wrongly. Knowing that it is very common and perhaps unavoidable what are the ways to avoid payroll frauds.…

    Should You Outsource Your Nonprofit Payroll?

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  • Should You Outsource Your Nonprofit Payroll

    Running a non-profit organisation is a constant challenge thanks to the limited funding, multiple missions and the logistical barriers, which is leading many people to look into payroll services as an option to lessen the burden. If you are considering doing so, you should assess the benefits that this will give, anything from less errors and problems with tax filing to more time to focus on your mission, your volunteers and your donators so that your charity can survive and blossom and accomplish what it has been set up to accomplish in the first place. In fact, outsourcing when you are in the non-profit business is a good idea considering the non-profit tax differences.…