Overview: Payroll processing is full of complexity. Employers are responsible for paying their employees in a timely manner and for deducting and remitting any required payroll taxes, wage garnishments, tax levies and premiums for benefits, and for reporting payroll data to federal, state, and local governments. Luckily, there is an abundance of technology available to keep track of everything from the number of employees an employer has to the specific amount of each deduction from their pay.
Automated payroll systems (APSs), such as application service providers (ASP) and software as a service (SaaS) providers, use computer software not only to compute payroll but also to perform several other functions necessary to the payroll department. There are many system options available and much to consider in selecting and implementing the right system:
Author: Rena Pirsos, JD, Legal Editor
Updated to remove December 1, 2016, overtime requirements that will not be implemented or enforced.
On September 2, New Jersey Governor Chris Christie gave 120 days' required notice of intent to end the state's 40-year-old reciprocal income tax withholding agreement with Pennsylvania. If New Jersey follows through, the agreement will terminate at the end of 2016, and will affect employers and employees in both states.
The September 30, 2016, due date for employers to file their annual EEO-1 reports with the Equal Employment Opportunity Commission (EEOC) is fast approaching. Although it is business as usual this year, changes in the information required to be reported and the due date of the report are likely starting with 2017 reports.
A new law taking effect in Connecticut on October 1 will allow employers the convenience of paying employees by payroll card. Previously, this method of wage payment was not permitted, and employers in the state could pay employees only in cash, by check or direct deposit.
This How To maps out the steps employers should follow when considering whether, and how, to implement a paycard program.
This checklist helps employers successfully close out the year's payroll in compliance with the income and employment tax laws and regulations, and provides essential month-by-month practices and procedures that helps employers keep their payroll processes organized all year long.
This section helps HR and payroll professionals to understand the pros and cons of payroll outsourcing and various automated payroll system options.
Examination of payroll processing through functions such as automated payroll systems, and tips and guidance on their selection and implementation.