Payroll Services In Hialeah PowerPoint PPT Presentations

Why Choose Accountants Associates in Hialeah for Your Business Needs

Most industrialized nations had some form of bookkeeping in place which would have resembled at least in part, what we now refer to as payroll. As merchants and their products expanded over the years, bookkeeping and payroll had to improve to enable them to better keep track of their sales and outgoings.

Payroll is perhaps one of the most important elements of a successful business, as precious few companies exist without the help of a team of employees, and when they are not paid on time or their salary is not accurate, you stand a good chance of them either leaving their employ or threatening to take legal action against you.

Employees who arrive late, take longer than permitted for their lunch breaks or slip out of work early, can cost your business dearly, with up to 20 hours of productivity being lost in some cases. So, what can you and your business do to help prevent this and get back all those lost hours? The solution is to make your employees more accountable by implementing an effective time and attendance management system.

If you’re a business owner, you may have made the choice to handle your company’s payroll functions yourself, or at the very least, internally. While this may be the right decision for you and your company, it could prove damaging for others.

Every employee who has any form of complaint in relation to their regular pay, overtime wages or vacation pay, has the right to take their complaint to the appropriate state employment agency. Oftentimes, this will result in an investigation by the employment agency, and in some cases, can even lead to a lawsuit against the employer or a loss of business license. Some consequences of action taken by an employee can include payments of back pay owed, and fines and costly penalties.

Time theft is a very real problem for many businesses, large and small alike, and is said to be an act frequently committed by up to 80% of the current workforce. Over time, such theft can have a real impact on a company’s bottom line and it brings to light how simple it can be for employees to be dishonest about their time spent doing the job they are paid to do.

As a business owner, paying your employees accurately and in a timely manner is a top priority and an important legal obligation. It can be tempting – especially when times are tough – to delay staff payments or avoid paying terminated employees, but in doing so, you leave yourself open to costly lawsuits and potential fines.

If any of your employees are showing reduced productivity while at work, there could be several reasons behind this, and any one of them could be related to their working environment or conditions. The job may be proving too stressful for them, they may have financial worries, personal problems, or may even be sick but cannot afford to take the time off work.

Your company is potentially making a risky investment each time it hires new employees, and recruiting costs can be high. Research has shown that a staff member at mid-range, doesn’t come close to giving a return on investment until they’ve been employed for at least 6 months, highlighting the need to hire the right staff from the get go. Avoiding commonly made background mistakes when hiring, can help you to minimize the risk and get you a return upon your investment far quicker:

All small business owners know that time is their greatest asset, as while money or even business can be lost and gained, time, once expended, is gone for good. Managing time then becomes one of the greatest challenges and responsibilities of a conscientious and profit minded business owner - both for themselves and their employees - and here are a few tips on how best to achieve it:

If you’re the owner of a small company, then you may have asked yourself the question of whether you really need a Human Resources Department within your business. It may be that you feel your company is too small to need it or benefit from it, or you may believe that you alone can handle the responsibilities of HR. Some small businesses may want to outsource HR but feel as if they may not be able to afford it.

Group health insurance policies are seen to be growing in popularity across the country, and this may be because there are some serious advantages to these policies rather than individual ones. Not only are they often cheaper than individual coverage in many states, but small company’s find them easier to manage. For example, there will be a monthly combined bill, uniform and regulated coverage for each employee along with many tax benefits. This ease of coverage is encouraging more and more small businesses to find out if they qualify for group health insurance:

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Background checks are something that most of us are familiar with, even if we haven’t conducted one or completed one. But as an employer or an employee, do you know enough about background checks to be certain that you are within the boundaries of the law?

Tax savings are on all our minds, whatever type of business we’re involved in, and making them is made more achievable with some advanced planning, a lot of expertise and some specialized, up to date knowledge. However, the average business owner doesn’t have those attributes, so it makes sense to work with someone who does; an EA, or enrolled agent.

There are multiple advantages to cloud accounting, and if you’re an accountant or bookkeeper keen to give your clients the best service you can while increasing your own efficiency, you might be well versed in all of them. However, for those who are not, or for those who wish to explain cloud accounting in more detail to their clients, check out the answers to some commonly asked questions below:

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