
5 Payroll Accounting Mistakes to Avoid
Payroll accounts are an essential task of the payroll department in any organization. It may seem like an easy task to prepare payroll accounts, but in reality, there are a
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Payroll accounts are an essential task of the payroll department in any organization. It may seem like an easy task to prepare payroll accounts, but in reality, there are a
Less than 50% of custodial parents in the United States receive the full amount of child support. And the ratio even decreases when it comes to voluntary payment to meet
Payroll might seem like a very straightforward task on its surface, but it’s not always the case. Of course, payroll departments are responsible for keeping records of employees, their working
Maintaining payroll records are necessary for every organization. The payroll department and HR department are the responsible ones for record-keeping. This includes documenting the detailed information of each employee, their
No matter where and how the organization operates, noncompliance to the law is a major concern as it should be. Payroll departments are well aware of the importance of staying
Equal Employment Opportunity Commission (EEOC) is a government agency. EEOC enforces laws against discrimination in workplaces. EEOC also ensures the Civil Rights Act and Equal Employment laws are followed in
The fair Labour Standards Act (FLSA) has enforced laws for employees’ minimum wages and overtime wages. Although exempt employees are not entitled to overtime payment, the rule of minimum wage
The minimum wages of employees for exempt and non-exempt employees are governed by the Fair Labour Standards Act (FLSA). There is a standard minimum wage set by federal and state
Employees entitled to overtime pay according to the Fair Labor Standard Act (FLSA) are known as non-exempt employees. Unlike exempt employees who work for a fixed salary, non-exempt employees are
The year-end process of payroll departments is important for all organizations. Whether you are running a small business with very few employees or a large company with thousands of employees,