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.
Read MoreConsidering 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.
Read MoreAs 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.
Read MoreWhen 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.
Read MoreWhat 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.
Read MoreAccording 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.
Read MoreWhether 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.
Read MoreChoosing 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.
Read More
