Small Business Archives - Palmetto Payroll Solutions

Company Culture Employee Onboarding Human Resources Small Business

6 Reasons Your Business Needs Outsourced Human Resources

The global human resources market was valued at $17.56 billion in 2020 and is expected to grow 12.2% by 2028. This is huge and shows that a human resources department is becoming extremely necessary everywhere. However, it can be a struggle to stay on top of the ever-evolving laws, trends, and technology involved in this sector. If you're…

Palmetto PayrollDecember 4, 2021

Company Culture Human Resources Small Business

‘Tis the Season… for Navigating These Common HR Challenges

While the holidays are an exciting time in the office, they also bring their share of potential HR challenges and complaints. As you navigate productivity, time off, holiday parties, and gifts or bonuses, work with human resources and take steps to ensure that everyone in the office has a happy holiday. These are some of…

Palmetto PayrollNovember 17, 2021

Company Culture Human Resources Outsourced Payroll Payroll Processing Small Business

Why Is Personal Service Important for Small Businesses?

As more businesses go digital, it's easy to forget that your customers and employees are humans that need that personal touch. Personal service is one of the first things that gets sacrificed when it comes to running a modern business. This is especially true when transactions can be completed without talking to an actual person. Did you know that…

Palmetto PayrollNovember 3, 2021

Company Culture Employee Onboarding Small Business

How Will Recent Changes in Non-Compete Restrictions Impact Your Small Business?

Requiring new employees to sign non-compete agreements has been standard practice for decades, and non-compete restrictions have been established to follow. By signing a non-compete agreement, employees agree not to conduct business that acts as direct competition to their employer within a specific geographic region. The agreement is enforceable throughout the duration of the worker’s…

Palmetto PayrollSeptember 30, 2021

Human Resources Outsourced Payroll Payroll Processing Payroll Tax Responsibilities Reporting Small Business Time Keeping

Understanding Employee Overtime Requirements as a Small Business Owner

Under federal labor laws, employees classified as hourly satisfy their overtime requirements after working 40 hours in one week. While working overtime, employees must receive one and one-half times their normal hourly salary. This sounds simple enough on the surface, but small businesses often find themselves facing fines and other legal consequences because they do…

Palmetto PayrollSeptember 2, 2021

Company Culture Payroll Tax Responsibilities Small Business Time Keeping

Should You Pay Your Employees Salary Or Hourly Wages?

The question of whether to have salary vs hourly employees is one that all business owners face. Both options have pros and cons, which can make it difficult to choose one over the other. Most companies offer salaried positions to some employees and hourly positions to other employees after considering which is best for each…

Palmetto PayrollAugust 16, 2021

Accounting Payroll Processing Payroll Tax Responsibilities Small Business

How to File Required 1099 Reports Electronically

The Internal Revenue Service (IRS) requires employers to provide a 1099 income reporting form for all independent contractors who earned more than $600 in a calendar year. Starting in 2020, the IRS required employers to select one of two types of 1099 forms rather than defaulting to the 1099-MISC form used in previous years. If…

Palmetto PayrollAugust 2, 2021

Accounting Reporting Small Business

Your Fiduciary Responsibilities When Offering 401(k) Employee Benefits

The Internal Revenue Service (IRS) defines a fiduciary as a party that owes a duty of care to another party and must act in their best interest because of this. If your company offers a 401(k) retirement savings benefit to employees, the actions required to manage the accounts involve fiduciary responsibilities. This is true whether…

Palmetto PayrollJuly 16, 2021

Human Resources Outsourced Payroll Payroll Processing Small Business

Human Resources Trends and How They Can Impact Your Business

The year 2020 was like no other due to the COVID-19 pandemic. Now that much of the country has returned to normal, those in human resources management are discovering that some trends that emerged during the pandemic are here to stay. We outline some of three of these trends below. Virtual or Hybrid Working Arrangements…

Palmetto PayrollJune 28, 2021

Accounting Outsourced Payroll Payroll Processing Payroll Tax Responsibilities Small Business Time Keeping

Receive The Maximum Benefits From Your Payroll Provider

Whether you are searching for a company to perform payroll services or have worked with the same provider for years, you need to ensure you are getting the most for your investment. This blog explores questions to ask your current or potential payroll provider to give you peace of mind that your company is receiving…

Palmetto PayrollJune 14, 2021

Small Business