When Do You Have to Pay Unemployment Taxes?

  According to the IRS, “the Federal Unemployment Tax Act (FUTA), with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a Federal and state unemployment tax. Only the employer pays FUTA tax; it is not deducted from the employee’s wages.” Basically, this means […]

7 Tips on How to Handle Challenging Employees

Most people who have to manage employees encounter at least one employee that is challenging in his or her career. Reasons these employees are challenging can be anything from poor performance, having a difficult personality, not finishing tasks that are assigned, etc. Unfortunately, dealing with difficult employees takes up a tremendous amount of time and […]

Employee Benefit Package

  As a business owner, do you know what your employees are looking for in terms of benefits and/or perks? Do you know the difference? If not, let Payroll Source Group handle your benefits packages for you. Employee benefits are considered additional forms of compensation, while perks are extras that make your employees happy. To […]

Ten Ways to Achieve Work Life Balance

If you are anything like me you are constantly trying to find ways to achieve work-life balance. I am in upper management in my department and have 4 (sometimes 5, love you husband) kids and two dogs. I’m trying to grow the business my husband and I have started in hopes of traveling someday. On […]

Goal Setting for Employee Evaluations

Setting goals for your employees are important because it allows you, as the manager, to assess your employees’ performance. Perhaps more importantly, employee evaluations let your employees know what is expected of them and how to accomplish the goals set for them. However, for employee evaluations to be effective you must write solid, achievable, and […]

Company Payroll Fraud

In a previous blog post I wrote about the ways that employees may try to commit payroll fraud against your company. Employers can also commit payroll fraud through wage theft. Wage theft is defined as, “the denial of wages or employee benefits that are rightfully owed to an employee. Wage theft can be conducted through […]

Common Components of an Employee Handbook

Have you ever started a new job and not been given an employee handbook? There is nothing worse than not having something to refer to when trying to find out information, such as leave procedures, benefits, and the general guidelines of the company. As a business owner, you should have this information ready and available […]

Choosing the Right Payroll Schedule

Choosing how often your people get paid is a critical decision when running a business. There are four payroll schedules that are allowed in the United States; weekly, bi- weekly, semi-monthly, and monthly. Like with most things in running a business, there are advantages and disadvantages to each choice. Also keep in mind not all […]

Payroll Fraud

The Association of Certified Fraud Examiner’s states that typical organizations loose a median of 5% of revenues in a year due to fraud. Payroll fraud can affect any business large or small, but the consequences are usually felt more heavily in smaller businesses. Payroll fraud is the theft of funds by an employee using payroll […]