Congratulations — you’re a business owner. Now it’s time to get some help — employees. But before you advertise for help, you need to get yourself up to speed with the entire process of paying your employees. Here’s what you need to do before tackling payroll: Prepare information Hiring employees means paperwork. Keep an eye […]
Your Employer Tax Obligations
Everyone needs time and energy to run and grow their business, so you’ve outsourced your payroll process. You’ve decided to go with a third-party payroll provider to handle some or all of your employment tax duties. Make sure you know about employer tax obligations. This move lightens your workload, assuming that your payroll provider is […]
We’re Hiring!
Are you experienced with payroll and QuickBooks? We’re looking for you! Account Ability is looking for the right fit for our busy team of USVI payroll professionals located on St Croix in the US Virgin Islands. We are looking for people to add to our fast-paced and busy team who are: Details and Compensation If […]
How to create an effective payroll budget
Learning how to create an effective payroll budget will avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally, payroll should account for about 15% to 30% of your […]
Stay Current on Payroll Rules
Hiring staff? Good for you! It means your business is thriving. Now is the time to get up to speed or reacquaint yourself with any labor laws you’ll need to be compliant with. Labor laws were created to protect employees’ rights. If you’re vigilant, you can avoid financial headaches. Payroll Labor Laws Here’s some advice […]
Quiet Quitting: What You Need to Know
CBS News says, “There’s a new term for clocking in and doing the bare minimum at work: ‘quiet quitting.’” This employee practice is a type of disengagement in which employees no longer go above and beyond at work. They do as little as possible, but just enough to keep their jobs. The term “quiet quitting” first […]
Will My Noncompete Agreement Hold Up?
You may want to require employees to sign noncompete agreements to keep them from working for rival companies. This can be particularly important when working within a small community like an island. But, will this actually protect the business? The answer is … maybe. Over time, courts have become less willing to uphold strict provisions. […]
Your Business Value Is All About Human Capital
What do you think about the people who work for your company? If you believe they are valuable individuals who contribute to your success, you are on the right track. If, however, you think of them as replaceable cogs in a wheel, you may be sabotaging everything from productivity and sustainability to the value of […]
What Nonprofits Need To Know About Banks
Running a nonprofit? Before you open a bank account to hold your business funds, you’ll need to research banks. Look for a bank with services and perks, especially for nonprofits. Here are some questions you’ll need to ask: What experience does the financial institution have with nonprofits? Has it had many nonprofit clients? The ideal […]
Paperless Payroll: The Pros & Cons
Paperless payroll is a paper-free payroll process that has become hugely popular in recent years. But despite the groundswell of support for paperless payroll solutions, employers should examine the details before making the switch. Six Pros of paperless payroll Electronic storage — Stores payroll documents on your computer, eliminating clutter and making payroll documents easier […]
The Essentials: HR, Benefits and Payroll Checklists
Human resources, employee benefits and payroll functions are separate yet intertwined, and checklists are essential to staying on top of your responsibilities for each one. Below are examples of what might be included in these checklists. Human resource management checklist HR department plan: Lays out the structure and operation of your human resources department. Recruiting […]
Taxable and Nontaxable Employee Benefits
As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around for jobs that fit their lifestyles, needs and values. Now, the onus is on employers to provide an environment that makes their star team members […]