Palmetto Payroll is your local source for payroll and back office operations for your business. We pride ourselves on customer service while implementing the very latest in technology and efficiency. Call us today we would love to hear how we can help. We assist more than 300 business owners meet their goals and we would love to help you too.
When your company hires a new employee, he or she will fall into the category of exempt or non-exempt in most cases. While several differences exist between the two, the biggest one is the qualification for overtime pay. Exempt employees do not receive pay for any hours worked over 40 in one week while non-exempt…
The term FICA, which stands for Federal Insurance Contributions Act, is a mandatory federal tax that requires employees to pay a certain percentage of each paycheck towards the Medicare and Social Security programs. Employers must pay the same percentage as employees from every paycheck while self-employed individuals pay both the employer and employee portion of…
Once known as the personnel department, the modern human resources department has undergone dramatic changes to keep up with the times over the past few decades. Those changes may pale in comparison to what’s on the horizon according to several analysts in the human resources industry. Below are several predictions for how human resources might…
In 2017, the Association of Fraud Examiners stated that the average time from when an employee engages in payroll fraud schemes until someone detects their actions is 24 months. The organization also reports that nearly 25 percent of American businesses experience some degree of payroll fraud every year. Even if your small business has never…
According to the Internal Revenue Service (IRS), just under one million businesses paid a penalty for problems related to the company’s annual tax return and approximately six million paid fines related to payroll taxes. Although the issue hasn’t improved much in the past three years, that doesn’t mean your company needs to waste money on…
Employee soft skills include such attributes as strong communication skills, the ability to solve complex problems, collaboration, and creativity. Increasingly, employers are looking at the soft skills a potential employee brings to the table when making a job offer. While those that don’t show evidence of employee soft skills might still land the job, employers…
While employee turnover is a reality in your life as a business owner, it’s still costly and disruptive. You must spend time and money recruiting, hiring, and training a replacement while your current employees potentially take on a larger workload until the new hire is up to speed. Identifying your company’s weak spots and developing…
Although most companies have a vacation sick leave policy, employees sometimes feel confused about the difference between these two types of paid time off. In general terms, an employee uses sick time when ill or to care for a family member who is ill and vacation time for planned time away from work for any…
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