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payroll basics


Important Payroll Tax Forms

December 31, 2019 | posted by Abacus Payroll
Here at Abacus Payroll, Inc. we want to make life as easy as possible, which is why you will find important and frequently used payroll tax forms and what they are for right here. If there’s something you can’t find, then please let us know.   Employee Direct Deposit Authorization Agreement – This agreement allows […]
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Managing Overtime: 7 Common Questions

October 3, 2019 | posted by Abacus Payroll
Despite its frequent usage across occupations, overtime remains an elusively curious phenomenon from a payroll perspective—especially if you’re new to calculating your own company’s payroll. Overtime is expensive to maintain and even pricier to screw up; for that reason, we’re addressing some of the most common questions you’re likely to have about overtime so that […]
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The Payroll Fraud Schemes Every Business Should Know

August 27, 2019 | posted by Abacus Payroll
According to the Association of Certified Fraud Examiners, nearly 30 percent of businesses are victims of payroll malfeasance, with small businesses twice as likely to be affected than large businesses. Even the smallest of infractions will add up to large costs over a period of time. As a small business owner or payroll administrator, be […]
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Payroll Basics: FAQs for Getting Started with Payroll for Your Business

July 11, 2019 | posted by Abacus Payroll
Happy employees are employees who are accurately paid on time each pay day. That’s one area of running a business where no one likes surprises. However, navigating payroll setup for a new business can get overwhelming quickly if you’re not organized or partnered with an outsourced payroll specialist. Following is a comprehensive list of frequently-asked-questions […]
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A Look at Payroll in 2019

January 25, 2019 | posted by Abacus Payroll
Do you have a New Year’s resolution when it comes to easier, more streamlined payroll each pay period? A recent study of small business owners with two to 500 employees posed the question “What changes do you plan to make to your payroll process over the next 12 months?“ Survey responses included: Top Five Payroll […]
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Paying Employees for Travel: What’s Required by Law

March 29, 2018 | posted by Abacus Payroll
Employee Travel What to Legally Pay For
While the line separating work-related expenses and personal expenses can be blurry, delineating between paid and non-paid travel time is its own payroll nightmare. Here are some examples of what does—and what doesn’t—constitute paid travel according to law. Commuting vs. Travelling The first thing you need to understand is the difference between “commute time” and […]
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Gone Phishing: How HR & Payroll Pros Can Be Proactive Against Scams

January 31, 2018 | posted by Abacus Payroll
In wake of the recent W-2 phishing scams, you may be wondering how you can protect your business from phishing attacks. In short: you can’t. You can, however, educate your employees to ensure that phishing emails and other forms of communication go unanswered. Here are a few things to look for when trying to spot […]
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Retain Employees: Steps to Take to Reduce Chances of Payroll Errors

December 21, 2017 | posted by Abacus Payroll
If you aren’t diligent about your payroll process, you might want to start double-checking. According to a recent study, nearly half of all employees will begin searching for a new job after only two payroll malfunctions. While mistakes certainly can happen regardless of caution and preparation, here are a few ways that you can cut […]
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What to Do When an Employee Quits

August 18, 2017 | posted by Abacus Payroll
How to handle an employee quitting
No matter the reason, it’s always challenging when an employee chooses to leave your business. While there is no universal way to prepare for the shock of losing one of the best members of your staff, here are a few ways that you can minimize the impact and move forward in a proactive manner.   […]
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Avoiding W-2, W-3, and 1099 Mistakes

January 19, 2017 | posted by Abacus Payroll
Avoiding W2 1099 Mistakes Each Year
Accuracy is important, and this is doubly true when submitting your company’s payroll at the end of the year, but with so many forms to keep track of, mistakes are hard to avoid. Here are a few ways to prevent costly errors on your W-2, W-3, and 1099 forms.   Common W2 and 1099 Mistakes […]
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