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Payroll Resources

Quiet Quitting: What You Need to Know

October 4, 2022

quite quitting

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 […]

Filed Under: Payroll Resources, workforce

Will My Noncompete Agreement Hold Up?

September 30, 2022

Women shaking hands

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. […]

Filed Under: Checklists, Payroll Resources

Your Business Value Is All About Human Capital

September 4, 2022

happy workplace employees

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 […]

Filed Under: Payroll Resources, workforce

What Nonprofits Need To Know About Banks

August 5, 2022

mobile banking

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 […]

Filed Under: Nonprofits, Payroll Resources

Paperless Payroll: The Pros & Cons

April 11, 2022

Payroll time sheet

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 […]

Filed Under: Payroll Resources

The Essentials: HR, Benefits and Payroll Checklists

March 21, 2022

payroll checklist

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 […]

Filed Under: Checklists, Payroll Resources

Taxable and Nontaxable Employee Benefits

March 21, 2022

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 […]

Filed Under: Payroll Resources, Taxes

Payroll Tax Rates and Contribution Limits for 2022

December 16, 2021

Payroll cash

Below are federal payroll tax rates and benefits contribution limits for 2022. Social Security tax In 2022, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2021. The Social Security wage base is $147,000 for employers and employees, increasing from $142,800 in 2021. Self-employed people must pay 12.4% on the first […]

Filed Under: Payroll Resources, Taxes

How To Retain Employees in a Tough Market

December 16, 2021

Understaff hiring sign

Imagine you’re a home care manager trying to replace a nurse’s aide. But the resumes aren’t coming in like they usually do. You can’t figure out why until an applicant points out that you’re offering the same hourly wage as McDonald’s and asks what you have that McDonald’s doesn’t. Lockdown-era furloughs forced huge numbers of […]

Filed Under: Payroll Resources, workforce

What Can a Payroll Service Do for You?

November 17, 2021

timesheet report

Even if your business has only a few employees, you may be considering outsourcing your payroll processing to a specialist. What can a payroll processing service like Payroll VI by Account Ability do for you? It can help keep you compliant. You may have employees in more than one state and need to comply with […]

Filed Under: Payroll Resources

US DOL Issues Final Regulations on Tip Sharing

November 17, 2021

Tip jar money in a restaurant

On Sept. 24, 2021, the U.S. Department of Labor issued final regulations on tip sharing and employer penalties. The regulations became effective on Nov. 23, 2021. Under the Fair Labor Standards Act, employers with tipped workers can take a “tip credit,” which allows them to pay tipped workers less than the federal minimum wage if […]

Filed Under: Payroll Resources

IRS Announces Annual Inflation Adjustments

November 17, 2021

With the end of the year in sight, the IRS has announced inflation adjustments taking effect in the new year. This does not directly affect the taxes you’ll be filing by April 15, 2022. Rather, these adjustments generally apply to tax returns you will be filing in 2023. Although that seems far away, it pays […]

Filed Under: Payroll Resources, Taxes

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