Stock options can incentivize employees to work toward increasing the company’s stock value, aligning their interests with those of the shareholders. It used to be that stock options were only offered to top management and particular key employees to tie their interests in with those of the company. Over time however, employers began to consider all their employees to be key assets to the company, so the number of people holding stock options has increased significantly.

Employee self-service software is an effective way of saving time and has many other benefits. Depending on the nature of your job, some tasks might take longer to complete than others, which can sometimes put us behind. Dealing with employee queries can take up valuable time too. Did you know that you could create more time in your day and become more efficient in your process simply by using employee self-service (ESS) software?

As an employer, it is vital to know whether an employee is classified as exempt or non-exempt. In this blog, we will look at what differentiates these types of employees.

There are many ways of setting up employee time tracking. Some are better than others, but they all work to achieve the same goal: to track an employee’s time and attendance. Simply put, employee time tracking is the measurement and documentation of the hours your employees work. Using technology allows us to save time and be more efficient, and there are various options available.

Considering how relevant they are in our day-to-day lives, employment taxes can be very complicated to understand. As the employer, it’s your job to deposit and report employment taxes and prepare and file Form W-2. This is used to report wages, tips and other compensation paid to your employees.

As a payroll software company, at AAB Payroll we take security very seriously. Social security numbers, addresses, bank account information, and wages are just some of the data that can be stored. If by any chance this information gets in the wrong hands, your company’s reputation will be at risk, and so will your employees’ personal information.

When dealing with the world of taxation, it’s important to know the intricate details so you can avoid fees and penalties. In this blog, we will focus on identifying what taxes are deductible or non-deductible.

What happens if you thought you had an independent contractor, but after a bit of research, you come to find that the worker is an employee? Unfortunately, the IRS has become stricter on this issue in recent years after they discovered billions of dollars were being lost due to employee misclassification. Not only are there IRS implications, but you will also find yourself penalized by the IRS, and your state government.

According to a survey conducted by Wasp Buzz, 80% of workers have admitted to being guilty of time theft. This is an alarming percentage, and chances are your company is a victim. Although completely eliminating time theft is impossible, there are ways to avoid it, or even reduce it. Not using the proper time tracking systems, like using paper timecards for instance, can lead to “buddy punching”, which contributes to thousands of dollars being lost by businesses every year. The best solution to this problem is to switch to an automated time and attendance tracking system.

Whether you are starting your own business or you’re simply thinking about making changes to your current payroll structure, choosing a pay frequency is very important and you should do it carefully. There are four main pay frequencies: weekly, biweekly, semi-monthly, and monthly. Some pay frequencies are better for certain purposes than others, which is why it is important to know and understand the pros and cons of each before making a decision. There is no federal law that requires a certain frequency, but each state regulates this individually.

Choosing the right Time & Attendance software can help your business grow.  In this blog, we are going to go over the specifics of what options a time and attendance software should offer, and the benefits these provide.

Employee self-service software is an effective way of saving time and has many other benefits. Depending on the nature of your job, some tasks might take longer to complete than others, which can sometimes put us behind. Dealing with employee queries can take up valuable time too. Did you know that you could create more time in your day and become more efficient in your process simply by using employee self-service (ESS) software?

As an employer, it is vital to know whether an employee is classified as exempt or non-exempt. In this blog, we will look at what differentiates these types of employees.

There are many ways of setting up employee time tracking. Some are better than others, but they all work to achieve the same goal: to track an employee’s time and attendance. Simply put, employee time tracking is the measurement and documentation of the hours your employees work. Using technology allows us to save time and be more efficient, and there are various options available.

Workers’ compensation is a unique area of the law, governed by the Michigan Workers’ Disability Compensation Act. Prior to 1912, all injuries that occurred on the job were to be treated as a personal injury matter. If you were to get in a car accident, or you were to slip and fall while you’re visiting a store, it was all the same.

Jury duty is never fun, not for the person who has been summoned as a juror, and especially not for their employer who must manage with one less employee. As an employer, it can be extremely frustrating to have your staff pulled away for jury duty, but there isn’t much you can do about it other than disperse work to others to make up for that absence of the juror.

What happens if you thought you had an independent contractor, but after a bit of research, you come to find that the worker is an employee? Unfortunately, the IRS has become stricter on this issue in recent years after they discovered billions of dollars were being lost due to employee misclassification. Not only are there IRS implications, but you will also find yourself penalized by the IRS, and your state government.

If you work in payroll or HR, chances are at some point you will be approached by a fellow colleague inquiring about their paycheck. This conservation will vary from employee to employee depending on their hourly rate, benefit elections, tax localities and so on. While it is not your job to make sure the employee knows exactly how to read their paystub, it is in everyone’s best interest for you to be able to guide them as to why certain amounts are being withheld.  

Adding a new team member is much more than just filling an open position. Aside from the training and onboarding that comes with a new hire, you also need to report their employment to the designated state agency for which you reside. Failure to do so is a direct violation of The New Hire Reporting Program which was mandated by the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.

Choosing the right Time & Attendance software can help your business grow.  In this blog, we are going to go over the specifics of what options a time and attendance software should offer, and the benefits these provide.

With talent retention a common issue across most industries, companies are looking for new ways to beat the competition and attract the best employees. They offer great benefits such as health, vision, and dental insurance, 401K match, flexible schedules, volunteer time off, and paid time off.

When it comes to paying your employees, there are many rules and regulations to keep in mind to comply with the Fair Labor Standards Act (FLSA). Chances are, you’re aware of all the statutes that regulate wages, overtime pay, and other similar ideas. However, not everything is as clearly defined as these, and many payroll professionals struggle to understand many grey areas. As if this isn’t confusing enough, these guidelines vary from state to state.

As an employer, it is vital to know whether an employee is classified as exempt or non-exempt. In this blog, we will look at what differentiates these types of employees.

Workplace productivity is a top concern for employers across all industries. It’s a constant challenge to find new ways to improve monthly or quarterly goals, especially when managers notice a downtick in motivation and commitment. In this blog we'll focus on the advantages of employee financial education and how it can have a positive effect on your employees.

Jury duty is never fun, not for the person who has been summoned as a juror, and especially not for their employer who must manage with one less employee. As an employer, it can be extremely frustrating to have your staff pulled away for jury duty, but there isn’t much you can do about it other than disperse work to others to make up for that absence of the juror.

It is important to remember that an independent contractor is a worker who does not work for your company, but is on a contract basis instead. Make sure you have correctly classified your workers before considering paying them as a contractor.

Before you can properly run payroll for your new hire, you need a few key pieces of information. Pay rate, pay frequency, cost center assignment, personnel information, and preferred method of payment are all obvious components of running payroll, but what about the classification of your relationship with the person performing work?

AAB Payroll Inc, a leading provider of comprehensive payroll solutions across the USA, has recently affiliated with TAG Alliances – a global multi-disciplinary alliance of high-quality, independent professional services firms. 

Becoming a Best Friend of TAG Alliances is poised to enhance AAB Payroll Inc's global reach and collaboration opportunities. 

What exactly is a garnishment? Essentially, it’s an order by an authorized court or other authority that requires an employer to withhold money from an employee’s paycheck to forward to a designated payee. Some types of garnishments include tax levies, child support orders, creditor garnishments, bankruptcy, student loan collection, and wage assignments.  

If you work in payroll or HR, chances are at some point you will be approached by a fellow colleague inquiring about their paycheck. This conservation will vary from employee to employee depending on their hourly rate, benefit elections, tax localities and so on. While it is not your job to make sure the employee knows exactly how to read their paystub, it is in everyone’s best interest for you to be able to guide them as to why certain amounts are being withheld.  

For businesses with sales-focused roles, where employees often receive commissions, efficient payroll processing is essential. To streamline this process, selecting appropriate payroll software becomes critical, particularly for those new to handling commission-based payroll.

Efficient business processes are essential for the growth and success of small businesses. Streamlining operations, including onboarding, employee retention, training, and payroll, is crucial for maintaining smooth and effective business functions.

Choosing the right payroll service is crucial for any business, given its significance in compensating employees accurately and ensuring regulatory compliance. We share five key factors to keep in mind when evaluating and transitioning to a new payroll service.

Whether you are starting your own business or you’re simply thinking about making changes to your current payroll structure, choosing a pay frequency is very important and you should do it carefully. There are four main pay frequencies: weekly, biweekly, semi-monthly, and monthly. Some pay frequencies are better for certain purposes than others, which is why it is important to know and understand the pros and cons of each before making a decision. There is no federal law that requires a certain frequency, but each state regulates this individually.

Adding a new team member is much more than just filling an open position. Aside from the training and onboarding that comes with a new hire, you also need to report their employment to the designated state agency for which you reside. Failure to do so is a direct violation of The New Hire Reporting Program which was mandated by the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.