Payroll and HR news

Return and Earn: New Incentive for NJ Employers and New Hires

September 29, 2021 | posted by Abacus Payroll

New Incentive for New Jersey Employers and Unemployed Residents Earlier this week, New Jersey Governor Phil Murphy announced a new incentive with the NJEDA to help encourage more unemployed workers to transition back into the workforce. Eligible employees hired through the state Return and Earn program will receive a $500 bonus in their first paycheck. […]

Why You Need To Review Your Pay Stubs

September 8, 2021 | posted by Abacus Payroll

Ending a job? Starting a new one? Working remotely? Perhaps you’ve moved, or your number of dependents has changed. On the flip side, your employer might have changed payroll companies. These are just a few reasons it’s important to check every time you get paid. Pay stubs not only detail what you have earned, they […]

Manage Your Business’s Unemployment Taxes

August 24, 2021 | posted by Abacus Payroll

As a business owner, you’re required to pay three different types of payroll taxes. FICA (Federal Insurance Contributions Act) is the tax used to fund Social Security and Medicare programs. FUTA (Federal Unemployment Tax Act). Employers pay this federal tax to provide unemployment benefits to laid-off workers. SUTA (State Unemployment Tax Act). State governments also […]

Unique Employee Benefits to Differentiate Your Business

August 10, 2021 | posted by Abacus Payroll

A recent survey by the National Federation of Independent Businesses (NFIB) found that many companies are struggling to attract and retain qualified workers. While some businesses have countered this shortage of workers by raising hourly rates to record levels according to the NFIB, other businesses don’t have the financial flexibility to do this. If you’re […]

Security Alert: New Direct Deposit Fraud On The Rise

July 27, 2021 | posted by Abacus Payroll

Email phishing attempts are not new. Fraudsters are only getting more creative and convincing. Abacus Payroll, Inc. urges clients and small businesses to be extra diligent in reviewing employee bank change requests because identity spoofing and direct deposit diversion attempts are becoming all too common. What is direct deposit diversion? Fraudsters impersonate an employee by […]

Be Alert to Unemployment Compensation Thieves

May 26, 2021 | posted by Abacus Payroll

More than 40 million Americans filing unemployment claims since last March has given identity thieves a new avenue for taking your money – filing fraudulent unemployment compensation claims. What is unemployment compensation fraud? The identity thief poses as an unemployed worker filing for benefits by creating an online account with a state’s unemployment compensation insurance […]

WEBINAR – Simplifying Seasonal Payroll

May 7, 2021 | posted by Abacus Payroll

Abacus Payroll, Inc. and Alloy Silverstein announce our upcoming webinar on simplifying payroll for seasonal employers with tips for agricultural, shore, and seasonal businesses. Date: Tuesday, May 25, 2021 Time: 1:00 PM- 2:00 PM Register: Click Here Simplifying Payroll for Seasonal Employers: Tips for Agricultural, Shore, and Seasonal Businesses Alloy Silverstein and Abacus Payroll are […]

Don’t Leave Money on the Table: Apply Now for The Restaurant Revitalization Fund

April 30, 2021 | posted by Abacus Payroll

Restaurant Revitalization Fund Grant Application for Small Food and Beverage Businesses

The following information is derived from our affiliate company, Alloy Silverstein. The American Rescue Plan Act set aside $28.6 billion in grants to aid struggling restaurants and other food and beverage businesses amidst the COVID-19 pandemic. Abacus Payroll’s affiliate CPA firm, Alloy Silverstein, can help restaurant business owners complete their application for best chances to […]

COVID-19 and Your Employees: Can You Require Vaccination?

April 27, 2021 | posted by Abacus Payroll

As of April 2021, many adult Americans are finally eligible for the COVID-19 vaccination. To keep employees and customers safe, employers may be wondering: Can I require my employees to be vaccinated? It is a little more complicated than a simple yes or no answer. While it is a personal health issue, federal and state […]

When to Say Goodbye to Your Current Payroll Provider

April 22, 2021 | posted by Abacus Payroll

Payroll is a must-have for most businesses, but payroll providers are not one-size-fits-all. Whether payroll is an in-house function, or you elect to outsource your payroll, make sure your process is efficient and keeps you compliant with all FLSA, IRS, state, local, and other payroll tax laws. Take a look at your current outsourced vendor […]