It’s that time of year again – the beginning of tax season! Now that we’ve entered into a new year you are probably asking “when does my employer have to send my w2” for last year? Good Question! Your employer must send your tax form to you by January 31st. If you haven’t…
Chances are that whenever you get paid, you receive a pay stub, or wage statement, describing details of the payment. Maybe you ignore the pay stub because your take-home pay looks correct. Or maybe you look it over, but find it too complicated to figure out. Either way, it’s important that you analyze and comprehend…
Employment taxes are notoriously difficult to navigate. What makes the topic so complex is that it has two distinct yet related parts: employee and employer taxes. To simplify things, many employers entrust their employment tax responsibilities to a payroll provider. While this is a great idea, it’s still important for employers to know at least…
As part of the employment process, employees routinely give up their personal information, which the employer then uses for various purposes – including hiring, payroll processing, and benefits administration. This sensitive data may classify as “Personally Identifiable Information” (PII), which the employer is obligated to protect. What is PII? According to the General Services…
5 Things to Do Before Taking Maternity or Paternity Leave Going on maternity or paternity leave is a great way to start your journey into parenthood. During this time, you’ll be able to bond with your family while recovering from childbirth. However, before you take this extended time off from work, you’ll need to perform…
You’re hitched! Now what? If you recently got married, you’ll need to bring your employer up to speed so that the appropriate changes can be made in the HR/payroll system. This includes any adjustments to your name, address, benefits, taxes, emergency contacts, and direct deposit. Name and Address Per Internal Revenue Service (IRS) rules, the…
With many paper-based processes rapidly becoming obsolete, employers are turning to technology that allows them to better manage employee life cycle while meeting regulatory demands. According to a survey by Ernst & Young, the following employee management activities have shifted from paper-based to technology (though to varying degrees): Staffing/Recruiting Onboarding Compensation and benefits Performance Management…
How to update an employee’s demographic information in the Payentry NextGen system. Payentry NextGen is a payroll software that was built with our customers, for our customers and was launched in early 2018. The Payentry software has capabilities that help business owners, recruiting, payroll, HR and accounting professionals get the most out of their work…