• What Happens When You Don’t Pay Your Payroll Taxes

    What Happens When You Don’t Pay Your Payroll Taxes

    Date : Wednesday, June 28, 2017

    Because there are 5.73 million employer firms in the US, the IRS cannot possibly track whether every organization has paid the right property taxes, on-time, so instead relies on organizations to do so on a voluntary basis. When their system flags an employer for not paying their payroll taxes on time, a process is initiated to collect the amount due that includes an array of punishments for non-compliance that range from painful to truly hellish. After all, payroll taxes accounts for approximately 70% of annual revenue collected by the IRS. Here’s what happens when you fail to pay your payroll taxes on time and how to avoid doing so. ..


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  • Avoiding Paid Sick Leave Penalties

    Avoiding Paid Sick Leave Penalties

    Date : Friday, May 19, 2017

    After four years of battles, the Maryland state legislature passed The Maryland Healthy Working Families Act on April 5, 2017. The bill is expected to survive the veto threatened by Governor Hogan, and is part of a growing trend of paid sick leave legislation passed here in California and six other states and several other localities across the country. ..


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  • Background screening do’s and don’ts

    Background screening do’s and don’ts

    Date : Tuesday, October 04, 2016

    Before hiring a job applicant, companies and their human resources teams take a number of preemptive steps. Chief among these is the interview process, whereby interested candidates can showcase why they would make the best fit. Once this portion of recruitment has been completed and businesses are ready to extend an offer, executives may decide to conduct a background check on the potential employee. These screenings come with their own requirements that organizations should recognize. Let’s take a look at the do’s and don’ts of background checks: ..


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  • 4 ways companies can recruit high-quality candidates

    4 ways companies can recruit high-quality candidates

    Date : Tuesday, August 23, 2016

    July was a strong month in terms of job growth and and a steadier unemployment rate. According to data released by the U.S. Department of Labor, the latter statistic is holding at 4.9%. Although economists were hoping for the figure to drop one-tenth of a percent, the current rate is still a good indication. On the other hand, experts thought 180,000 jobs would be created in the month of July. Instead, around 255,000 positions were added.  ..


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  • Employer obligations regarding workers compensation

    Employer obligations regarding workers compensation

    Date : Tuesday, August 23, 2016

    When it comes to federally mandated responsibilities, companies have a lot to be mindful of. From Fair Medical Leave Act requirements to Affordable Care Act standards, employers and their human resources and payroll teams must be at the top of their game to ensure they’re maintaining compliance. Another important obligation that organizations have to continually maintain is the provision of workers compensation. SBS Payroll breaks down what businesses need to know about this important regulation: ..


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  • Independent contractors vs. employees: What payroll teams need to know

    Independent contractors vs. employees: What payroll teams need to know

    Date : Wednesday, January 20, 2016

    As companies expand, they often search for more workers to complete important and necessary tasks. Businesses can either bring on employees or independent contractors during this endeavor. It’s crucial for human resources teams, however, to understand the differences between these choices as well as the payroll tax implications of each classification. ..


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