6 Payroll Tips to Wrap up the Year
As the end of the year approaches, it is crucial to ensure your payroll year-end information is accurate to help your business and employees prepare for tax season and year-end reporting. Even if you are an experienced pro, it can be easy to overlook items during the year-end crunch time. DM Payroll Solutions has outlined […]
Student Loan Relief Extension and Wage Garnishments: What Employers Need to Know
The U.S. Department of Education (DOE) has announced an additional extension of the federal student loan relief. This comes as the federal appeals court blocked the Biden administration from moving ahead with its student debt cancellation program in response to a lawsuit brought by officials in six states. Payments will resume 60 days after litigation […]
8 Ways to Prevent Payroll Fraud in Your Business
Employee payroll fraud is a challenging issue for many business owners across the country. It occurs when an employee or unauthorized user wrongfully manipulates the payroll system to receive payment they haven’t earned. DM Payroll Solutions shares the different types of payroll fraud, as well as ways to prevent it, to ensure your business doesn’t […]
Recent National Research Study Indicates Support for Same-Day Pay
To those accustomed to receiving a paycheck every couple weeks, getting paid every day might sound like either a dream come true or a troubling temptation. For better or worse, “same-day pay” is becoming an increasingly popular payroll benefit offered by employers. And the results of a recent study indicate that many employees would appreciate […]
Michigan’s Increased Minimum Wage and Paid Sick Leave Pushed to Feb. 2023
Over a week after Michigan Court of Claims Judge Douglas Shapiro ruled Michigan businesses to increase the minimum wage to $12 per hour and offer paid sick leave to workers, he put a pause on the implementation until Feb. 2023 while the case is under appeal. In his July 19, 2022, ruling, Shapiro determined Michigan […]
4 Key Benefits of Integrating Your Payroll and General Ledger
When it comes to your business’s financials, there is a lot for your team to account for. Managing AR and AP within the general ledger is an all-encompassing job in itself! However, there’s still the task of processing payroll wages and incorporating them into your ledger. Historically, payroll and the general ledger have been accounted […]
5 Benefits of Leveraging Pay Cards for Payroll
In an increasingly paperless world, more and more employers are furthering their green initiatives by taking aspects of their business digital. One of these areas of focus is payroll, with employees greatly welcoming direct deposit of their wages to save trips to the bank. However, not every employee is a bank customer and this proves […]
3 Crucial Reasons to Outsource Your Payroll
For many business owners, the idea of outsourcing any task when it could be handled in-house is seen as an unwarranted expense. However, when you take into account something as crucial and compliance-focused as your organization’s payroll, this couldn’t be more false. No matter if your company is a start-up or a multi-location corporation, outsourcing […]
Undertaking a Pay Equity Audit at Your Business
Pay equity is both required by law and a sound business practice. However, providing equitable compensation to employees who perform the same or similar jobs, while accounting for differences in experience and tenure, isn’t easy. That’s why every company should at least consider undertaking a pay equity audit to assess its compensation philosophy and approach. […]