You’ve Got To Get Payroll Right
If you are a business owner, you are probably busy 24/7 and can’t always give each required task your full attention. If you get to the point where you have to put something on the back burner, make sure it’s not payroll. Workforce Management Suite has convenient, powerful tools to help you avoid these common payroll mistakes.
1. Inaccurate Time Cards
Manual timekeeping systems that require team members to enter hours on a paper timesheet are susceptible to errors that are both deliberate and unintended. Employees often record their designated shift start time even when arriving late and do the opposite when leaving early. Even your most trustworthy employee can have trouble accurately recalling hours when filling out a time card several days after the fact. Inexact timecards increase costs of labor unnecessarily and burden your HR staff (which may just be you).
TimeWorksTouch tracks employee time to the minute to make sure that you only pay team members for the time they are working. Workforce Management Suite maintains accurate audit-ready time and attendance reports that can guard you in case of a DOL dispute.
2. Misclassifying Employees
Employee classification influences benefits eligibility, minimum wage provisions, overtime pay eligibility, and workers’ comp eligibility. Employers who misclassify are in danger of state and federal penalties and should consult the comprehensive DOL guidance on the matter.
Workforce Management Suite allows you to customize the job codes for your business to help you stay in compliance and develop efficient scheduling strategies to keep your labor outlays as low as possible.
3. Failing to Pay Payroll Taxes
Small business owners may wrongly think that failing to pay payroll taxes is akin to not paying personal income taxes. If you get in a cash pinch, DO NOT put off paying your payroll taxes as a stopgap measure.
Meeting all of your employer tax obligations is challenging without reliable time and attendance data for each pay period. Workforce Management Suite automatically collects, calculates, verifies, and submits the critical information to your payroll provider.
Payroll Partners serves many organizations like yours and can help you skip these dangerous pitfalls with the experience and proficiency you can trust in. Call us today at 817 226-8111.
Payroll Partners offers WorkforceHUB, the Human Resources Management System (HRMS) that makes it easy to optimize the performance of your managers, employees, and business processes.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, TimeWorks Mobile, and ApplicantStack. We’ve just added hiring, onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB was created for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and shrink labor costs.
How much can you save? Check our Payroll Partners ROI Calculator.
We can get you up and running with WorkforceHUB immediately. Contact us today to set up a demo.