HR Snapshot Each month your subscription to HR Support gives you guidelines (like the one below) on trending HR topics from top-rated HR Pros.  This, in addition to on-demand Q and A help, is a great way for your small business to navigate prickly HR issues, whenever they may crop up.     Q: “A […] The post Small Business HR Solutions appeared first on Corporate Payroll Services ..read more

A payroll company can provide valuable assistance to small businesses in managing their payroll taxes.  Here are four ways in which a payroll company can help:   Accurate Tax Calculations: Payroll companies use sophisticated software which automatically calculates the correct amount of federal, state, and local payroll taxes based on the latest tax regulations.  This […] The post 4 WAYS A PAYROLL COMPANY CAN HELP WITH YOUR SMALL BUSINESS PAYROLL TAXES appeared first on Corporate Payroll Services ..read more

Depending on the state in which you employ workers, you may have to have a workers compensation policy with the first employee you hire. EasyWComp is a “Pay-as-you-go” (PAYG) workers’ compensation insurance that offers several advantages over traditional policies for businesses.  Here is how PAYG is better:   Accurate Premiums Based on Actual Payroll. PAYG […] The post Top 5 Reasons to Switch to EasyWComp appeared first on Corporate Payroll Services ..read more

Below is an example of a typical question posed by a business manager and the type of answer you might get by using an HR support organization. Q: “We would like to add a working interview to our selection process.  Is this permitted and are there other options to help us finalize our selection?” A: […] The post HR Solutions for Your Small Business appeared first on Corporate Payroll Services ..read more

If you own a business with one or more employees, workers compensation insurance is essential. This insurance covers your company and your employees in case of work-related injuries or illnesses. Without workers compensation insurance, if an employee were to experience any injury or illness on the job, you are financially liable. Many employers are not happy with traditional workers compensation […] The post Are you Overpaying for Workers Comp Insurance? appeared first on Corporate Payroll Services ..read more

IRS Updates Retirement Account Limits 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000   The Internal Revenue Service announced November 1st, 2023 that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. The IRS also issued technical guidance regarding all […] The post IRS Updates Retirement Account Limits appeared first on Corporate Payroll Services ..read more

State Increases to Minimum Wages in 2024   Each state, and in some cases each city, is responsible for setting its own minimum wage laws.  Below are each state’s minimum wage listings with upcoming changes noted.  Dates are provided since changes go into effect at different times in different states.  Depending on your state, you […] The post 2024 Minimum Wage Updates appeared first on Corporate Payroll Services ..read more

Top 3 Reasons to Outsource Your Payroll   Using an outsourced payroll company can offer several advantages for small businesses.  Here are the top three reasons:   Expertise and Compliance: Payroll processing involves complex tax regulations and compliance requirements at federal, state, and local levels. Outsourced payroll companies specialize in payroll processing and have a […] The post Top 3 Reasons to Outsource Your Payroll appeared first on Corporate Payroll Services ..read more

A Post from our Partners at Vestwell At a time when recruiting and retaining top talent is growing ever more difficult, offering your employees a better way to save for retirement can be a competitive advantage for your business. However, it’s important to understand the fees associated with starting a retirement offering, including those paid by your […] The post Small Business 401(k) Guide: 401(k) Fees to Know Before Starting a Plan appeared first on Corporate Payroll Services ..read more

From our partners at Vestwell, originally published 07.31.2023 In today’s competitive business landscape, offering the right benefits can set your business apart, helping you attract and retain top talent.  One of the most valuable benefits you can provide is a robust retirement savings plan.  Among the options available, safe harbor 401(k) plans have emerged as a […] The post Safe Harbor 401(k) Plans and the Pros and Cons of Each appeared first on Corporate Payroll Services ..read more