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6 Ways Technology Can Reduce Payroll Errors

An effective payroll system should be as transparent as possible, with as few opportunities for human error as possible. While there’s no such thing as a completely error-proof system, the more you use modern technology to simplify and digitize your processes, the fewer mistakes you’ll make and the less you’ll spend on rectifying those mistakes that do happen. This roundup of six ways technology can help prevent payroll errors will give you some ideas on how to implement technology in your own office and reduce the amount of time and money you spend on payroll each year.

1) Eradicate Manual Data Entry

One of the primary ways technology can reduce payroll errors is by using tools that completely eliminate manual data entry. Since manually entering data often leads to errors, it's helpful to use a system that will automate any processes that involve human input. For example, you can use an electronic time clock and biometric fingerprint verification systems in order to automate and streamline employee timekeeping and clocking in/out processes. And don't forget: An automated timekeeping system may also help you discover when your employees are sneaking extra hours on their time cards; with an app like ours, you can see which days and times your employees tend to add hours (and whether they've changed their login information). It's yet another way technology can make it harder for staff members to commit payroll fraud!

2) Use two-factor authentication

With two-factor authentication, in addition to your password you also have to provide a code generated by an authenticator app or text message sent to your mobile phone. This technology keeps hackers out of your account even if they've stolen your password. For example, Google supports two-factor authentication on its popular Gmail webmail service. On many sites that support it, two-factor authentication is often enabled by default—so you don't have to remember another password—but enable it regardless. Better safe than sorry!

3) Utilize Automatic Timekeeping Solutions

While it may be tempting to rely on your employees to keep track of their hours, it’s far easier—and less stressful—to utilize automatic timekeeping solutions. Automatic timekeeping can decrease payroll errors by up to 70 percent, thanks to the many tools available today. Solutions like Workforce Time Tracker allow businesses of all sizes to not only track employee work hours but also manage overtime pay and payroll audits. Automatic timekeeping is especially beneficial for companies with large staff who have a hard time tracking hours manually. 

4) Take Advantage of Mobile Technology

Whether you use a hand-held computer, tablet, or smartphone to complete your payroll, be sure to take advantage of their mobility. You can distribute paychecks directly to employees in less time than ever before, which is great for busy HR managers and improves productivity. If you want to control payroll costs, you should also consider how much time is lost when employees are clumped around check-out lines waiting for their pay stubs. Employees can now print pay stubs from their computers at home or using mobile technology. It will cut down on waste and reduce workplace errors because transactions are no longer being handled by humans who have memory problems when it comes to things like social security numbers and other employee information required during transaction processing.

5) Start using Payroll Software

If you’re not using automated payroll software to manage your payroll, it’s time to start. If you use paper forms or spreadsheets to handle your payroll, you needlessly put yourself and your employees at risk for error and possible fines. Employees can often complete their own information and keep their files up-to-date by entering information electronically into a form that gets submitted directly into an online payroll system. As long as employee records are kept up-to-date and correct, human error will be reduced considerably when it comes time to pay everyone on payday.

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5 critical tech features to evaluate before choosing your payroll software

Choosing the right payroll software can seem like an overwhelming task, especially when there are so many to choose from. To make sure you don’t waste your time, make sure to evaluate 5 critical tech features before you make your final decision! That way, you’ll be able to find the payroll software that works best for your company and employees, while saving yourself time and energy along the way.

1) Ease of use

This is a top concern for most companies, but it’s a crucial one—your employees aren’t going to use or value what they don’t understand. What kind of end-user experience will you be providing with your payroll solution? Are employees going to have access from their phones? Are they able to seamlessly integrate data from other HR and operations systems? How will they be able to track tips and gratuities? Is it easy for managers or administrators to check pay stubs, change policies, etc.? All these details matter—and not just in theory. If you don’t nail them early on, you could spend a lot of time and money getting everything straightened out.

2) Cost-effectiveness

Payroll isn’t a small expense for a business. Especially in industries with low-profit margins, it’s important to have a payroll provider that will give you reliable service at an affordable cost. Make sure you understand what kinds of costs are involved in using any given system—especially add-on charges. Look for add-ons like integration with other systems, year-end filing fees, and audit fees. In addition, if you’re going to use a SaaS or hosted solution, make sure that it offers 24/7 support—even on holidays and weekends.

3) Seamless Integration

Payroll management services are all about efficiency. If you’re not already using an ERP system or accounting service, it can be challenging to coordinate with software that doesn’t integrate with other programs. Look for seamless integration with other programs so your staff can move back and forth seamlessly between them, adding a layer of efficiency and organization. The easier it is for your employees to use their time wisely, the more productive they will be—and thus increasing revenue for your business.

4) Robust Reporting Capabilities

What type of reporting will you need? Can a vendor’s reporting systems do what you need, or will you have to spend a lot of time and effort creating reports yourself? For example, let’s say that one of your employees accidentally exceeds their annual overtime limit. Do you want an easy way to see how many hours they spent working over 40 hours in a given week? If so, make sure that your payroll provider offers flexible reporting capabilities with clear cut-off dates. This way, if there is any confusion about where time needs to be logged or what method employees should use for tracking their own time entry, it can be cleared up easily.

5) Secure Employee Self Service

You should look for a secure employee self-service portal. This is where employees will login to get access to their pay stubs, submit timesheets, leave vacation requests, and change personal information. It’s important that everything in these portals is encrypted so that sensitive information stays private. Look for an app with multi-factor authentication (MFA) so only authorized employees can view certain things. The user interface should be intuitive—ideally something similar to consumer apps like Google or Facebook—so people aren’t intimidated by it or find it difficult to use. Everything in these portals should load quickly and function well across all devices.

With more than 1,000 payroll providers vying for business, it’s important to consider all of your options. Even after deciding on a preferred provider, take some time to explore other applications. Test-drive different products and look for integrations with existing systems. While there are many moving parts when it comes to creating or implementing a successful payroll solution, there are some basic technology tools that you should consider when searching for an ideal system. By doing so, you can ensure that you get what you need from your new employee software suite—whether it’s streamlined analytics or real-time capabilities—and ensure that it’s customized just right. That will help get everyone paid on time—and keep employees happy throughout each pay period!

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7 Best Tech Upgrades for Your Small Business

No matter how great your business idea, you’ll need the right equipment to take it from the prototype phase to a full-fledged operation, and that means technology. Without it, you’ll have to rely on the status quo and the paper-and-pen days of yore, but if you find the right tech upgrades, you can handle pretty much any task that comes your way—and impress your customers in the process. Here are seven upgrades that will help take your small business from startup to full speed ahead in no time flat.

1) Instant Messaging Apps

Slack and HipChat let you stay in touch with colleagues and clients, providing an alternative to email. They also make it easy to communicate in real-time about a project that's falling behind or a customer who's unhappy. That saves a lot of back-and-forth emails, which can get buried or forgotten among other correspondence. If you aren't ready to use these apps at work, try them out on your next group project. You'll have plenty of opportunities to see how they could work for your business down the road.

2) Cloud-based HR and Payroll software

There’s so much you can do to enhance your small business’s productivity—but don’t get caught up in all of them. Instead, start with a few key tech upgrades. Cloud-based payroll software  is a great choice because it reduce your administrative workload, freeing you up to spend more time on your core competencies. They also make it easy to share data with multiple staff members who need access, which in turn makes it easier to operate at scale. Plus, having multiple systems in the cloud often gives you redundant data storage in case something happens.

3) Online Accounting Software

Choosing accounting software that’s right for your business takes research. Here are some of our favorite online accounting software packages—and tips on how to pick one.If you’re ready to take your small business finances to a new level, here are some of our favorite accounting software solutions on offer today. Still, before you make a decision, there are a few things you should know about each solution.

4) Remote Employees (Virtual Assistants)

A virtual assistant is an independent contractor who is hired remotely to perform specific tasks. A common hire is a house cleaner who will come in and tidy up your home once a week. Virtual assistants can be hired to accomplish any kind of work that you would need assistance with if you were in an office setting. The benefits of hiring a virtual assistant include avoiding expensive overhead, not needing to hire another full-time employee, and being able to hire someone when you have projects but no dedicated staff member available.

5) CRM Tools

If you have a small business, being accessible to your customers is more important than ever. One of the best ways to do that is by offering flexible working hours with virtual reception services. Receptionists are trained in all aspects of customer service and are on hand 24/7 to provide help and support to clients. Whatever time of day or night, their staff can ensure that no matter when clients call they will be greeted promptly and professionally - allowing you as a business owner to take care of day-to-day tasks without worrying about your business’ front line. And it’s not just about convenience: there are also significant financial savings.

6) Virtual reception services

Don’t waste money and time hiring and training a receptionist when you don’t have to. Virtual reception service will provide you with all of your office's calling services at a low monthly rate. Many of these services also include additional perks, such as an appointment booker or voice mail management service. This extra functionality can save your business even more money in day-to-day operations, while simultaneously freeing up your time so that you can focus on growing your company. To learn more about whether a virtual reception service is right for your business, take a look at these three questions to ask before hiring one.

7) Email Tracking (Yesware, SalesforceIQ, etc.)

If you’re anything like me, you know that spending too much time checking your inbox is never a good idea. There are far more effective ways to spend your time than replying to emails. By installing an email tracking tool like Yesware, SalesforceIQ, or Boomerang, you can keep track of when your recipients see (and open) your emails, helping to make sure they don’t fall through the cracks. Most tools can also help automate tasks like follow-ups and scheduling meetings based on response history. If you manage clients, these tools will make your life infinitely easier by making sure all parties are kept in sync with minimal effort required on your part.

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7 things to do before setting up payroll for your small business

Running your own business isn’t easy, and there are plenty of tasks to keep you busy from finding customers to creating the products or services they want to pay you for those products or services to managing employees who work with those products or services. One task that’s not as fun as the others? Setting up payroll for your small business employees, which can involve cost considerations as well as tax compliance issues if you have hourly workers in addition to salaried ones. If you’re going to go this route, here are seven things you need to do before setting up payroll for your small business employees.

1) Set Up Legal Structure

Setting up a legal structure—for example, incorporating or forming an LLC—is usually essential to being able to hire employees. This isn’t always easy, but luckily there are plenty of online resources that can walk you through it. While every state is different, if you hire more than one person you'll probably need some form of legal structure. If you want some help figuring out which kind of entity is best for your situation, here's a primer on different types of businesses that includes links to free legal forms. Incorporating is especially helpful if you're expecting revenue growth in excess of $1 million per year; with an S-Corp (Subchapter S Corporation), certain tax benefits pass through directly to individual shareholders.

2) Get Necessary Certifications

Whether you’re a solo freelancer or own a 100-person company, you’ll need to make sure you’re following all federal and state regulations. For example, any employees who make more than $600 per year (per employer) must file W-2s by January 31. If they don’t, then they won’t get paid. By understanding your obligations, you can avoid stiff penalties and potential legal issues later on.

3) Understand all Tax Requirements

If you’re going to pay people with a check, make sure you understand how much taxes you will have to withhold from their paychecks. For each paycheck you write, a certain amount will be deducted in taxes. The more employees you have and/or higher their salaries are, the more that amount is likely to be. Ask an accountant if you’re not sure what that amount should be or find out what other companies in your industry are doing when it comes time to set up payroll for your small business. Understanding all tax requirements can help keep your finances under control and ensure that employees get paid fairly. The last thing a growing company needs is complaints from its people—it’s best to avoid any negative situations altogether when possible!

4) Create Payroll Procedures

At a startup, you’re probably wearing many hats. Payroll may not be one of them, but it’s best if you can find someone on staff who has knowledge of how to pay employees. If not, set aside time to learn how payroll works with any necessary tax filings and record-keeping—you don’t want your first hire sticking around just long enough to fill out the paperwork! The IRS wants quarterly payment reports for all new businesses that have employees; follow their guidelines closely or they might send out an agent for an audit!

5) Determine Employee Compensation Needs

With a well-structured compensation program, you can attract and retain great employees. Before you set up a program, figure out how much you're going to pay people. If you're a new company or starting with just one employee, review what similar companies are paying people in that position—you don't want to undervalue an individual because you have a lack of information. As you hire more staff members, conduct compensation research regularly; market conditions change constantly and if your company is on top of trends, it'll stay on top of its game.

6)Set up payroll software

If you have employees, you must pay taxes on every paycheck. It’s a good idea to set up software that handles withholding. You can still take care of it yourself, but having payroll software automates a lot of tasks and saves time—and, depending on how many employees you have, a great deal of money. It also reduces human error. Payroll is one area where even well-intentioned owners make mistakes from time to time; if you’re paying three or four people each week with separate checks and direct deposits, there’s plenty of room for error here.

7) Obtain Miscellaneous Licenses/Permits

Even if you’re not physically operating a brick-and-mortar location, you could be considered a business in some localities. If so, you may have paperwork requirements beyond what is covered by a general federal tax ID number. In fact, if you have employees, you will need to get several additional pieces of paperwork from your state and/or city. These include federal and state tax withholding forms, workers compensation insurance policies and employer identification numbers (EINs). In addition, employers that utilize outside labor forces or contract with independent contractors also need special licensing.

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7 essentials of payroll for a new business

Running your own business can be fun and exhilarating, but it’s also full of responsibilities and challenges you might not expect until you run into them yourself. One of the most important things to do before launching your company is to learn all you can about payroll, both as it relates to your employees and as it affects your business’s finances. Here are seven essentials that will help you understand payroll and keep your company growing without letting payroll issues get in the way of success.

Establish your Payroll Budget

The first step to establishing your small business’s payroll budget is to assess how much revenue you expect your company to generate. When working with your accountant, make sure they factor in whether or not you are self-insured. Depending on which type of insurance you choose, it could reduce your out-of-pocket costs by 50%. With that said, it’s important to discuss what percentage will be allocated toward paying employees and how much will be allocated toward other expenses. By calculating these percentages now, it can help save money in terms of later negotiations with tax professionals and accountants.

Choosing Your Business’ Payroll Schedule

Choosing your first pay schedule is one of those details that can be overlooked. Your first question should be: How often do I want to pay my employees? There are several common payment schedules, but you have to choose carefully because many are not allowed in every state. For example, if you run your company as an S-corporation or partnership, then biweekly or semi-monthly payments are forbidden. It’s also important to keep in mind that each schedule has its own advantages and disadvantages. Two options—daily and weekly—could even be best depending on your current cash flow requirements.

State Taxes

Before you register your business and start issuing paychecks, it’s important to find out if your state charges income tax. Smaller businesses that gross less than $500,000 per year can generally classify themselves as an S-Corp or LLC with no additional taxes. Businesses with owners can opt for a limited liability company (LLC), while businesses without owners must register as a corporation.

The W-4 Form

The W-4 form is used to collect income tax from your employees. In most cases, you will need to complete a new W-4 every year after your hire date. It’s important that you ensure your employee’s information is up to date and accurate, including their address and Social Security number, otherwise you could face fines from both state and federal authorities.

Federal Tax Deductions

When you operate your own company, you need to keep good records of your business expenses. If you are able to write off these expenses on your taxes, they will reduce both your taxable income and overall tax burden. Since federal taxes are calculated as a percentage based on taxable income, reducing it can make a huge difference in how much you actually pay in taxes at year's end. Be sure to consult with a professional before taking any deductions since there may be certain laws that disqualify some from being taken as well as those that require special record-keeping practices. Always keep good records! You never know when or if an IRS auditor will come knocking on your door.

Filing Federal Taxes

If you plan to hire employees, you’ll need to prepare federal employment tax returns and reports. Filing these forms isn’t overly complicated but it is important. If you do it wrong, at best you’ll waste money on additional taxes and at worst, not be able to claim all your deductions or credits. Review IRS Publication 15 every year before your due date. If filing a Schedule C with self-employment income, also consult IRS Publication 334 and Publication 535. These publications offer guidance for small businesses that operate as sole proprietorships or partnerships instead of corporations or other entities recognized by law.

Choosing the right payroll software

There are many payroll software there, but each may be different in terms of features and pricing. For example, some software is designed for sole proprietorships while others are more ideal for LLCs or S corporations. In addition to understanding how many employees you'll have and what type of entity you'll be operating as, make sure to research features such as ease-of-use, built-in tax calculation tools, accounting integrations, and customer support options. You don't want to make expensive mistakes or create costly bottlenecks in your workflow by choosing software that doesn't meet your needs. As with all aspects of starting a business, it's important to do your research before committing to anything.

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The Ultimate Guide to Handling Payroll

Many small business owners are aware of the basics of payroll management, but there’s so much more to this responsibility than just calculating paychecks! Sure, it’s true that checking T&A, making deductions, and distributing paychecks are all key parts of payroll management, but there’s much more to the job than that. Take your company to the next level with these helpful tips on how to manage payroll effectively and ensure accurate remuneration every time.

Defining Employee Records

Defining employee records is a necessary first step for managing payroll. Start by creating a list of every employee, from full-time workers to part-timers and subcontractors. Then, capture all their relevant personal information, such as home address and date of birth. The more details you can enter in these fields, the better your records will be in case something happens in the future. You’ll also want to add their tax IDs—typically social security numbers for Americans—to keep tabs on who you’re paying and how much each payday.

Processing Federal Taxes

Make sure you file correctly, and on time. As a business owner, you’re ultimately responsible for paying your employees and filing your taxes with both state and federal agencies. Filing can be confusing even if you’re not starting a business from scratch, but if you’re doing it as a new company—and one that does not yet have an established set of rules—you need to take extra care. Mistakes in these areas can lead to serious penalties or costly fees that will hurt your profits (and will only cost more down the road). Always err on the side of caution when submitting forms and putting systems in place.

Processing State Taxes

Each state has its own specific tax code and method of calculation. If you’re looking for a way to handle payroll, but don’t know where to start, consider working with a local accounting firm in your area. Accountants are often familiar with all of their state’s various tax codes—even if they specialize in something unrelated. This can be especially helpful if you have employees who live in different states or plan on hiring out-of-state workers. Whatever option you choose, do your research before choosing a solution for payroll processing. There are lots of options available that vary in price, functionality, and complexity—so it’s important that you find what works best for your company.

Processing Federal Insurance Contributions Act (FICA) Tax

You can pay FICA tax either through payroll or by making one quarterly payment. To do so, use Form 941, Employer’s Quarterly Federal Tax Return, or Form 944, Employer’s Annual Federal Tax Return. The IRS provides special rules for employers in certain industries including agriculture and household employees. Withholding income taxes: You withhold income taxes from an employee's wages using Form W-4, Employee's Withholding Allowance Certificate. You have to have each employee fill out a new W-4 every year if you want them to continue being withheld at your company's tax rate rather than having it done automatically through their social security number. Taxes are due on any income not subject to withholding on April 15 of each year.

Calculating Leave Payments

Leave payments are tricky. The good news is, if you’re paying your employees hourly, leave payments are automatically calculated for you—as long as you keep up with their paystubs. If they don’t track their own time, though, it may be difficult to remember whether they took vacation in March or April and when they were eligible for overtime. This can lead to mistakes that not only cost your business money but could also get you into trouble with employment laws.

Setting Up Payroll Software

It’s important that you set up your payroll software correctly. A lot of businesses hire someone else to handle payroll for them, but if you want to keep it in-house, here are some things you’ll need to consider: How often will your employees get paid? For most people, biweekly (every two weeks) is most common, but you can set up your payroll, however, works best for your company. Do I want salary or hourly pay? Most small businesses choose salary pay because it simplifies things and makes record-keeping easier—but with salary, the pay comes more work during tax season. You can also go hourly; with hourly pay comes more flexibility because you don’t have to worry about tracking time off.

Payroll is a necessary part of business, but if you’re not careful, it can also be a point of frustration. When there are thousands or millions of dollars on the line, mistakes in handling payroll can lead to dire financial situations that aren’t easily overcome. In addition, as a business owner, it is your responsibility to ensure your employees are properly taken care of according to their contracts. This means consistently filing for tax deductions and paying employees on time with accurate paychecks.

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5 Reasons Why Small Businesses Need a Payroll Solution

How much time and effort would your business save if you didn’t have to worry about payroll? Payroll solutions take care of employee-related data entry, automate tax payments, create reports and more, freeing up small business owners and HR managers to focus on other aspects of their company – which results in higher profits and happier employees. These are just some of the many benefits of payroll software for small business – learn more by reading the rest of this article! 

1) It's Affordable 

Some payroll software solutions can be very expensive and aren't designed for smaller companies. By using a cloud-based solution, you're able to pay only for what you need on an affordable, monthly basis. This is much less than what you would have to pay with an in-house solution or even other software options available. Cloud solutions are also easier to implement and use. 

2) Save time and money 

Implementing and administering payroll for your small business can be a daunting process, one that’s both time-consuming and expensive. Fortunately, there are many affordable payroll solutions on the market today—from integrated human resources information systems (HRIS) to stand-alone software packages—that can help you automate those time-consuming tasks, while also helping you save money. Read on to know more about why every small business should consider implementing such a solution. 

3) Worry-free tax administration 

Payroll is one of those things that’s easy to neglect if you have too many other things to worry about. With an affordable payroll solution, it’s possible to let technology handle your tax requirements and payroll administration. If your business requires regular filings of IRS W-2 and 1099 forms, HRIS software makes it easy to keep track of all employees while also automating tax reports. With an affordable payroll solution, you can choose how much automation you want and pay only for what you need. 

4) Avoid Costly Mistakes 

When it comes to payroll management, there are no do-overs. Mistakes in your payroll calculations can result in substantial financial penalties. While mistakes may only cost an individual employee $50 or so, mistakes made across all employees of a company can cost tens of thousands per year. Do yourself and your employees (especially if they’re remote) by avoiding costly mistakes with an affordable payroll solution designed for small businesses. 

5) Be ready for the future 

When it comes to running your business, you should always be thinking about how you can get ready for tomorrow. And as an entrepreneur, you may want to consider investing in an affordable payroll solution. For small businesses that are just starting out or those that don’t have HR staff on hand, the HRIS payroll system can ensure you’re meeting government and

industry requirements while saving your company money. This is the reason why every business should consider adopting one of these systems sooner rather than later 

Conclusion 

Implementing an integrated HR and payroll solution not only puts your business ahead of its competitors in terms of efficiency but can also help you avoid penalties from federal and state governments. Make sure your small business isn’t hit with unnecessary fees by implementing an HRIS payroll system today. Set up a call with a UZIO payroll expert and get a 30-day free trial.

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7 Reasons why you need to think about changing the way your company handles payroll

There’s no doubt that your company’s payroll process is a hassle, and it takes a lot of time and money to run smoothly. If you’re not sure whether or not you need to change your payroll process, there are several reasons why you should strongly consider making the switch from manual payroll to an automated solution. Here are seven reasons why you should change the way your company handles payroll.

1) It's time-consuming

In order to have accurate and up-to-date data for payroll, a person from accounting has to enter all data from employee timesheets into a computer. This involves a lot of paperwork and time spent on processing it all. Imagine what you could do with an hour or two per week saved - much more focus can be given to other important tasks! With automated payroll processing, one system is able to quickly process all data in no time at all.

2) It's inefficient

Whether you do it yourself or outsource to a third party, manual processes are prone to error. Delays in processing paperwork lead to late tax payments and late notice of workers' employment status. A delay in issuing a paycheck can result in late payment of utilities, rent, mortgage, and other bills—and all manner of problems for employees. You'll probably experience some degree of these issues with your current manual process. Does that sound like something you want?

3) It creates excessive stress for employees

According to a survey by Workforce Solutions Group, 53% of workers always or frequently feel anxious about meeting their financial obligations. The process of manually calculating payroll not only increases your employees’ stress levels but also consumes time that could be better spent elsewhere.

4) It's not flexible enough

Times change and companies need to be flexible enough to make changes as they go. When a company is caught in a rigid, manual system, it becomes increasingly difficult to make these necessary shifts. The best solution for avoiding inflexibility is incorporating automation into all parts of payroll; this allows for adjustments to be made at any time—from pay rate changes to employee terminations and everything in between. With an automated payroll system, each aspect can be updated with just a few clicks and keystrokes.

6) It doesn't create competitive advantages

A manual payroll system won't give your company any competitive advantages, while an automated one will. An automated solution is generally more efficient, giving employees better accuracy and making it easier to reconcile payments. And that automation can be communicated to clients through marketing campaigns, attracting new customers and keeping existing ones happy. Furthermore, offering direct deposit to employees makes them feel appreciated while also increasing their loyalty towards their employer.

6) Automation improves accuracy

One of the many advantages of an automated system is that it's more accurate. You avoid mistakes from manually entering data into spreadsheets, which can be a problem when employees make simple errors, such as entering a number in a column by mistake instead of across from it. Not only do these types of errors lead to incorrect paychecks, but they waste time re-entering information and resolving discrepancies down the line. Over time, small mistakes make a big difference – and can hurt both morale and employee retention rates.

7)Use Direct deposit for Paycheck distribution

Direct deposit saves time by automatically depositing paychecks into employees’ bank accounts, making it easier to access funds. It can also help track taxes since direct deposit makes federal tax deposits on employers’ behalf. Some payroll software options let businesses send electronic pay stubs directly to employees, which reduces printing costs and cuts down on paper waste. With some systems, you can store up to six months of salary history in electronic format, so that employees have easy access to wage information when they need it.

Whether it's cutting down paper waste, saving time and effort, or simply simplifying a routine task, there are plenty of reasons why businesses need to change their current payroll process. With so many benefits at stake and relatively few drawbacks, it's time to seriously consider updating that system and opening yourself up to a new world of possibilities. Luckily, we've already done most of the work for you; now all you have to do is pick out the best payroll software for your business. 

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U.S. Stimulus Package: What Does it Mean for Small Businesses Impacted by COVID-19? | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

The U.S. Economic Package for Small Businesses entails proposals that aim at supporting them with low-interest loans, tax deferrals, and several other financial aids to help them stay afloat during COVID-19 pandemic.

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How to be a Benefits Administration Rockstar in Two Steps? | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

There’s no such thing as a born rockstar benefits administrator. To learn how you can reach the same peak performance in benefits administration space, keep reading.

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5 Awesome HR Blogs You’ll Want to Bookmark | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

We’ve compiled a carefully curated list of the 5 awesome HR blogs that you can bookmark and follow. You’ll feel more connected to the HR industry and deliver more value to your function, employees and organization. Happy reading!

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Round 2 to Replenish the Exhausted PPP loans Stands Approved. | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

A deal to release the second wave of coronavirus relief funding has been sealed on April 21st between the White House and congressional leaders. The new bill would infuse an additional $310 billion for the government-backed PPP.

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5 Sectors That Have Benefited Most From HRIS | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

Since most businesses still seem to rely on manual ways of workforce management, companies can use human resource information systems (HRIS) to optimize such tedious and time-consuming tasks. And, it seems like a perfect time to explore tools that can help you optimize your HR processes.

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Ready to Resume Office? | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

Resumption of economy and re-opening of offices, while the country continues to face the risk of a second wave of COVID-19 infections, present many legal and practical challenges. Hence, due care needs to be taken as the country scales back restrictions and gradually returns to daily life.

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COVID-19 Effect: Ditch Paper-based HR processes For Smarter People Operations | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

Many businesses are still relying on spreadsheets and paper-based processes for human resources management. These manual processes most often make you struggle managing the varied aspects of the function such as employee onboarding, payroll, time tracking, benefits administration, and a myriad of additional tasks and checklists. The toll on productivity is intimidating in these grim times inflicted by the COVID-19 crisis, when survival is more important than anything else.

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A Playbook to Help You Build Your HR Department in 5 Steps | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

Today most successful businesses thrive on having a strong, cohesive human resources (HR) department. It’s difficult to imagine running your operations successfully without the help of an efficient HR team. Learn how to build your HR department in 5 steps from ground up, if you don't have one.

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3 Ways You're Scaring Off New Hires on the Day One | Broker Benefits Marketplace Solutions| Benefit Software – Uzio Inc

Some HR pros unintentionally do things that scare off new hires on the day one. There could be some serious deal breakers in employee onboarding that you might be completely unaware of. This can lead to bad first impressions. Here are a few recommended steps that you can follow to have a stellar onboarding program to get you started on the right foot with new employees.