You’ve Got To Get Payroll Right
If you are a business owner, you are probably busy 24/7 and can’t always give each needed task your full attention. If you get to the point where you have to put something on the back burner, make sure it’s not payroll. Workforce Management Suite has convenient, powerful tools to help you avoid these common payroll mistakes.
1. Inaccurate Time Cards
Manual timekeeping systems that require team members to record hours on a paper timesheet are vulnerable to errors that are both intentional and inadvertent. Employees often record their designated shift start time even when arriving late and do the opposite when leaving early. Even your most trustworthy staff member can have trouble accurately recalling hours when filling out a time card several days after the fact. Inaccurate timecards increase costs of labor unnecessarily and burden your HR staff (which may just be you).
Workforce Management Clock tracks employee time to the minute to make certain that you only pay staff members for the time they are working. Workforce Management Suite maintains accurate audit-ready time and attendance reports that can protect you in case of a DOL dispute.
2. Misclassifying Employees
Employee classification affects benefits eligibility, minimum wage provisions, overtime pay eligibility, and workers’ comp eligibility. Employers who misclassify are at risk of state and federal penalties and should consult the comprehensive DOL guidance on the subject.
Workforce Management Suite allows you to customize the job codes for your organization to help you stay in compliance and design efficient scheduling strategies to keep your labor expenses as low as possible.
3. Failing to Pay Payroll Taxes
Small business owners may mistakenly think that failing to pay payroll taxes is akin to not paying personal income taxes. If you get in a cash pinch, DO NOT postpone paying your payroll taxes as a stopgap measure.
Meeting all of your employer tax obligations is problematic without trustworthy time and attendance data for each pay period. Workforce Management Suite automatically collects, calculates, verifies, and submits the critical information to your payroll provider.
Access1Source serves many companies like yours and can help you steer clear of these dangerous pitfalls with the experience and skill you can depend on. Call us today at 480.784.4440.
Access1Source offers Workforce Management Suite, the powerful, fully-integrated Workforce Management Suite that makes it easy to optimize the performance of your supervisors, employees, and company.
Workforce Management Suite includes TimeSource Plus, TimeSimplicity, and TimeWorks Mobile. Workforce Management Suite is developed for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and reduce labor costs.
How much can you save? Check our Access1Source ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.