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Running #payroll in the USA? 🇺🇸 Then take a look at Deel's comprehensive 2024 Compliance Checklist and Tax Law Guide at https://lnkd.in/ezuJryhT. Here you'll find a breakdown of applicable Federal and State legislation, along with tips for managing payroll tax #compliance. Alternatively, if you're looking for more globally focussed practices to reduce risk at every step of the payroll process follow Deel’s free Global Compliance Checklist at https://lnkd.in/eyavzQYt. (🫡 Hat tip to my colleague Shannon Ongaro for the fantastic content!)

Our Payroll team, are forewarning employers that they will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind through payroll. The change which is set to start from April 2026 aims to simplify and modernise the tax system. Our Payroll Manager, Tracy Gill has highlighted the key considerations for employers in a recent article. Read here ⬇️ https://lnkd.in/eMhfGUif #payroll #employers #incometax #NIC #taxsystem

The most common mistake when it comes to payroll is incorrect tax withholding. That means either you deduct too much tax, leaving an employee out of pocket, or not enough, which means they owe the tax man. Pay is really emotive and needs to be right otherwise you risk upsetting your employees. Did you know we were also a payroll bureau? We can therefore solve this issue for you and reduce risks associated with paying incorrect amounts. Get in touch. #payrollexperts #payrollbureau ✉️ info@absoluteworks.co.uk 📞 0333 2005153

The most common mistake when it comes to payroll is incorrect tax withholding. That means either you deduct too much tax, leaving an employee out of pocket, or not enough, which means they owe the tax man. Pay is really emotive and needs to be right otherwise you risk upsetting your employees. Did you know we were also a payroll bureau? We can therefore solve this issue for you and reduce risks associated with paying incorrect amounts. Get in touch. #payrollexperts #payrollbureau ✉️ info@absoluteworks.co.uk 📞 0333 2005153

Employers, are you thinking about switching to payroll debit cards? Attorney Corben Green outlines several potential pitfalls of this technology, highlighting the importance of ensuring your payroll debit card plan complies with relevant state laws. #EmploymentLaw #HumanResources #WageAndHour

Bi-annual filing season is just around the corner, with the October 31st deadline fast approaching. Are you prepared to handle your EMP501 and IRP5 submissions? 🗓️ Our latest blog provides all the key information you need to avoid penalties, streamline payroll reconciliation, and ensure a smooth filing process. 🌟 Don’t miss out on the essential insights your business needs to stay compliant this season. https://lnkd.in/d-tTr5FA #BiAnnualFiling #EMP501 #IRP5 #Payroll #TaxSeason #BusinessCompliance

❌ Payroll mistakes can result in costly penalties and damage to your business reputation. Here are top 5 payroll mistakes that businesses often make and have a hard time battling the stress and struggle. 1. Late or Inaccurate Payments: Discuss the consequences of late or inaccurate payroll processing, such as disgruntled employees and potential legal issues. 2. Misclassifying Employees: Explain the importance of correctly classifying employees as either exempt or non-exempt and the implications of misclassification. 3. Ignoring Tax Compliance: Highlight the risks of failing to comply with tax regulations, including penalties and audits. 4. Manual Data Entry Errors: Address the common pitfalls of manual data entry in payroll processing and the importance of using automated systems. 5. Lack of Documentation: Stress the importance of maintaining accurate records and documentation for payroll-related transactions and decisions. Don't let the complexities of payroll management overwhelm you. At Ahead HR, we're here to help. With our expertise and dedicated support, you can focus on growing your business while we handle all your payroll needs. Partner with us today for peace of mind and efficient payroll management. #payroll #payrollservices #toppayrollmistakes #peo

Epstein Becker & Green, P.C.'s Corben Green writes: In an increasingly cashless society, many employers are considering moving to payroll debit cards to provide workers with greater flexibility and convenience. However, #employers considering offering #payroll debit cards should be aware of a number of potential pitfalls associated with the technology, ensuring that their payroll debit card plan is compliant with relevant state laws. #debitcards #statelaws #wages

As a business owner payroll is just one of many tasks on a long to-do list. This is why it's important to keep up to date on trends and advancements that can make this process easier for you. Did you know that AI can increase accuracy in calculating employees’ salaries, wages, taxes, and voluntary deductions? Read about this here: https://bit.ly/3YbnyXt #PayrollAutomation #PayrollTrends #Accountant #TaxAdvisor

Keep your payroll smooth and error-free! 🌟 Check out our latest blog for easy-to-follow tips on avoiding common payroll mistakes. #PayrollMistakes #PayrollAccuracy #EmployeeCompensation #LegalCompliance #FinancialPlanning #Accuratee #accurateeaccountingservices #accurateebookkeepingservices #bookkeepingservices