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Hello everyone, thank you for taking the time to visit to our new Consulting Services Blog. I am Andrea White, the Manager on Porte Brown's consulting services team.

 

The team and I would like to welcome you and look forward to sharing helpful information on the topics of managerial consulting, strategic consulting, and technology solutions, such as ERP Solutions, CRM, and custom software solutions.

 

Welcome to Our Consulting Services Blog!

 

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Consulting Services Blog

OSAS Tip: Get Your Checks in Order

- Tuesday, August 23, 2016
When printing Laser or Blank Forms checks (in Accounts Payable, Purchase Order, and Landed Cost), you now have the option to change the order in which the check and stubs print.

To read about more recent additions to OSAS, check out the OSAS Build History page.

 

4 More Payroll Tips to Keep in Mind

- Friday, June 03, 2016


Managing payroll is painstaking and time consuming. More than the effort, the time and the complications can make your job difficult. To make payroll management a cakewalk you need the right tools. You don’t need to hire an HR firm or a full-time HR manager. You don’t need to race against time either. All you need is the ideal solution.

Here are four more payroll tips that can be of immense help:

• You should have timesheets. Your employees may be paid weekly or monthly but the wages will be calculated based on the amount of time they have worked, or the number of days they have turned up. Some companies pay hourly while some have a system of paying daily wages, based on the number of days one has worked in a week or month. Whatever your company policy is, you would need timesheet software. Timesheet automation can make payroll management much simpler. You don’t need to spend endless hours trying to tally the hours your employees have put in or how many days employees haven’t turned up for work. The timesheet software will do it for you.

• You shouldn’t pick a timesheet software that doesn’t offer any other features. You need a full-suite software that will help you automate every process that can run without human intervention. From managing the employee database to calculating salaries, incentives and adjusting for taxes or absenteeism, everything should be taken care of by the payroll software.

• In addition to timesheet automation, you must automate federal and state taxes. Anyone who has worked on federal and state taxes knows how time consuming it can be. More importantly, at the end of the day it turns out to be an exercise that has no productive value for the business. Automating federal and state taxes will ensure that you keep paying taxes on time, which can avert fines or penalties. Automating will also greatly reduce the chance of errors in calculating taxes and save you time and effort.

• You should classify your employees. You may have part-time and full-time employees, freelancers or contractors, remote and onsite employees. The more finely you classify your employees, the better it is. You also need to factor in the taxes, as professional and corporate taxes vary for employees and contractors. You cannot classify interns, freelance contractors and full-time or permanent employees in the same group.

6 Common Payroll Issues

- Tuesday, March 01, 2016
Payroll plays a large role in companies for a reason. It’s the cumulative sum of all of the financial records for employee salaries, which includes their work wages, deductions and any bonuses. The crucial nature of payroll means that it’s imperative for companies to pay close attention to how it is managed under their financial departments.

Payroll is straightforward in concept, but it’s not entirely foolproof. Processing employee payroll is still subject to various common errors, despite the time-sensitive nature of such finances. Following are six of the most common payroll issues that companies tend to deal with.

Inaccuracy of Information – Working With Inexperienced Payroll Processors
At times, dealing with payroll related tasks can be a chore. To address this issue, many businesses and HR departments tend to hire out payroll processing to a third party. Some may delegate the work to an inexperienced employee.

On occasion, an employee or third party’s inexperience with their client’s workforce information can lead to them making crucial mistakes during the processing of such information. Sometimes, the information processed for employee wages may be inaccurate (for example, social security information), leading to possible delays in processing.

Using the Correct Deduction Amounts
Processing deductions from employee pay is considered one of the most complex parts of payroll. Both state and federal laws apply to deducting certain amounts from employee pay. Due to this, it’s easy for businesses and HR departments to make errors during payroll processing in regards to utilizing the correct deduction amounts.

Not Classifying Employees Correctly
Many small businesses utilize several types of workers, including temporary employees, freelance workers and contractors. Diversity in worker types can sometimes lead to payroll issues. It’s important that workers be classified correctly for tax purposes, since businesses can be subject to paying their owed taxes along with any fines.

Overtime Rules
Current federal and state laws require many employers to give overtime. Overtime generally consists of 50 percent of the employee’s typical hourly wage; in most cases, employees must be paid their hourly wage and the 50 percent overtime premium for each hour worked overtime. Due to the exceptions that overtime laws generally include, some payroll processors may be subject to mistakes.

Garnishments and Child Support
Employees who have been ordered by the courts to pay a certain amount to another party are subject to garnishments from their income. A creditor generally takes a certain percentage from their income, which is usually deducted from their paycheck. Employers are required to fulfill the terms of an employee’s garnishment; otherwise, those that don’t are subject to penalties.

Keeping Up With Regulatory Changes
Over time, payroll regulations do change. Sometimes, significant changes may be made to how payroll is processed for businesses across the country. In order to avoid the payroll issues that may originate from regulatory changes, businesses should do their best to stay updated with regulatory changes that may occur in their state or around the country.

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