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Forms for New Hires to be put on Payroll
As a business owner, it is of utmost importance that when you hire someone and are ready to put them on payroll that you have the new hire fill out specific paperwork. This paperwork will provide your company with critical information that is needed in order for your in-house payroll department or outsourced payroll service provider to pay your new employee accurately and on time every pay period. The... -
Changes in Health Insurance
This week the president signed the health insurance reform bill into law. All politics aside, what does this mean for you and your business today? The media, pundits and the politicians are all running around talking about immediate changes. There are no immediate changes with this type of legislation. At this point the bill filters through multiple levels of government bureaucrats eventually ending up at the IRS. The IRS creates... -
7.5 minutes a week can save your company
If you are letting your staff pay themselves and handle all pay raises, as well as handle all bonuses for your company for years on end they are going to overpay themselves and possibly others. The business owner must review payroll data periodically but on a per pay basis would be preferable. To review payroll doesn’t mean run the math on the gross to net , to verify health... -
What do you do with uncashed paychecks?
A client asked me recently if I get to keep all of the uncashed payroll checks of my staff and my clients. He said, “I would think that would be a nice bonus for a payroll company every year”. No, I don’t get to keep the money and neither does the business owner. Do you recall the ads that say old bank accounts found!, uncashed paychecks found! and state websites advertising... -
What are white papers? And why do we care?
What is a white paper? There is one standard answer and then there are many options. A white paper is usually a problem and solution report. For example if you have a problem with your computer you could search white papers for a solution. But what if you have an IT person for that? What use could a white paper possibly have for you? I had a friend... -
Meg Scrooge wants to talk about Unemployment Compensation
Happy holidays to all! My timing may seem bad but there is an important reminder I would like to share with you at this time of year. Within the next two to three weeks your company will receive its Unemployment Compensation Rate Notice for year 2010. The only reason my timing seems bad is that no one wants to talk about Unemployment during the holiday season. But you should... -
What to expect with your health care if you have lost your job.
If you have recently lost your job there are many things to worry about. A primary concern for most people is what happens to their health care coverage. There are several posts on The Payroll Factory® blog about continued health care coverage. But while you are concerned about how to pay your mortgage and whether or not you will have the funds to pay for your children’s school clothes... -
How do you know if you qualify for continued health coverage?
If you lose your health insurance how do you know if you qualify to get continuing coverage? There are certain things called “qualifying events” that help you determine if you can get continuing coverage under a COBRA plan. If you are an employee of a company than the following would qualify you for continuing coverage: Voluntary or involuntary termination of an employee’s employment for any reason other than gross misconduct.... -
How do you get continued health care coverage when you lose your job?
There has been a lot of talk in the news about health care coverage and health care coverage reform. But for those without a job and in need of an insurance plan any type of reform that may come from our government doesn’t address the issue of what to do about insurance right now, today. If you have recently lost your job, and by recent this has been qualified... -
What exactly is COBRA?
I hear a lot of talk on the news about COBRA. What it means to small businesses and the new COBRA act. But I venture to guess that if you are not a business owner, a benefits administrator or someone who has lost their job you have very little idea as to what COBRA is.
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