payroll mistakes Archives - Abacus Payroll

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 […]

Stop Making These 8 Payroll Mistakes

January 15, 2020 | posted by Abacus Payroll

Payroll mistakes are messy, and they rarely resolve themselves expeditiously; in fact, more than one payroll error in a year can result in employees seeking alternative employment. Additionally, making a mistake with your payroll can cost your company countless hours—and dollars—to resolve. If you’d like to hold onto your employees and avoid hefty legal fees, […]

Payroll Penalties and Pitfalls | WORKSHOP

July 12, 2019 | posted by Abacus Payroll

EVENT ANNOUNCEMENT: Together with Alloy Silverstein, Abacus Payroll, Inc. is welcoming South Jersey small business owners and payroll personnel to a free lunch workshop this summer to discuss common payroll errors and mistakes to avoid. Payroll Penalties and Pitfalls With the many tax and labor law changes lately, managing your company’s payroll can get overwhelming quickly. […]

Hackable Employees: How to Address the Issue and Protect Your Business

April 23, 2019 | posted by Abacus Payroll

Let’s face it — your employees are highly hackable. Regardless of how much money your firm throws at antivirus software and malware trainings, the ugly truth is that your employees are the ultimate weak link in your company’s cyber protection. While it may be disheartening to know that your firm will never be 100 percent […]

4 Consequences of Ignoring HR Issues

August 2, 2018 | posted by Abacus Payroll

HR problems are simultaneously easy to overlook and devastating when left unchecked. As an employer, it can be all too easy to focus on larger, more obvious problems while your HR department’s concerns fall by the wayside; unfortunately, your company’s HR issues can turn into business-wide catastrophes when not properly addressed. Here are a few […]

The Perfect Fit: HR and Your Business Size

June 5, 2018 | posted by Abacus Payroll

How big does my business have to be before HR is a requirement? Human Resources, or HR, is an integral component in most large businesses—but what about smaller ones? If you’re here, you’re probably already wondering whether or not you should hire an HR professional. While HR isn’t always necessary for small businesses and startups, […]

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 […]

Small Business HR Mistakes to Avoid

September 26, 2017 | posted by Abacus Payroll

HR management is a tough job on the easiest days, and it only gets harder as you spend more time with a business. This is no truer for any company than it is for a small business. While there is no way to prepare completely for employee mishaps, here are a few major mistakes to […]

Avoiding W-2, W-3, and 1099 Mistakes

January 19, 2017 | posted by Abacus Payroll

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 […]

What to Do if You’ve Accidentally Overpaid an Employee

November 14, 2016 | posted by Abacus Payroll

Abacus Payroll Overpaid employee paycheck

Of all the acceptable mistakes one can make, those involving numbers and other people’s money rank highest in the “oops” category. Payroll mistakes are actually quite common, with around a third of employers making noticeable errors in their calculations; thankfully, the process is entirely reversible. Here is a quick breakdown on what to do if […]