What’s New In The World Of Payroll?

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Whats New In The World Of Payroll?
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• Payroll still is, and quite possibly always will
  be, an integral part of many businesses,
  especially if they have employees to pay salaries
  to, and taxes to withhold. However important they
  remain though, there are always new regulations
  to abide by, payroll software updates and
  changing tax codes, meaning that its important
  to stay on top of whats new in the world of
  payroll. Mistakes can prove costly and the
  responsibility placed on payroll professionals,
  is a big one.
• Here are just a few emerging trends to watch out
  for and keep on top of in the world of payroll

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• More payroll professionals are needed
• Well this is good news if youre a payroll
  professional seeking employment, and as more
  companies become successful and expand, there
  will be more payroll processing to take care of,
  more taxes to be filed and more reports to be
  made.
• Many companies are also beginning to favour
  employing professionals with specific payroll
  skills, as opposed to creating accounting and
  finance departments that are full of generally
  qualified people, who have broad experience of
  the entire department.

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• Payroll professionals need to be more skilled
• Cloud based applications and automated systems
  have meant that the payroll industry is gradually
  becoming more complex, and payroll professionals
  need to be aux fait with these complexities to
  stay up to date and increase their knowledge.
  Just understanding the basics will not cut the
  mustard with so much competition out there, and
  another payroll professional who is up to date
  with technological advances, will be favoured
  over you.
• Not only are employers looking for more from
  their payroll team, but employees are becoming
  much more savvy with understanding their rights
  and knowing

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• what they are entitled to, and they want to be
  paid accurately and in a timely manner.
  Disgruntled employees will be quick to act, and
  rightfully so if they are not receiving what they
  deserve from payroll.
• Resumes need to be more skills specific
• With increases in technology and the way in which
  payroll is conducted, to stand out against your
  competitors, your resume will need to highlight
  all of your skills and in great detail too.

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• Payroll is growing increasingly complicated
• With federal, state and local laws governing
  payroll accounting systems, payroll reporting
  requirements are constantly changing. Making even
  the smallest error can result in costly
  penalties, making it imperative that you stay on
  top of these changes by conducting frequent
  research and keeping your ear to the ground in
  payroll circles.
• In general, the primary function of payroll
  hasnt changed, since employees will always need
  to be compensated for their work, but industry
  changes and financial repercussions have meant
  that managing the flow of data in an accurate and
  efficient manner, has become ever more important
  and will continue to be so.

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• Attempting to manage payroll without the
  assistance of a professional is a risky business,
  and most companies who are successful, employ a
  full team of payroll pros to ensure that
  employees are kept happy and tax laws are abided
  by.
• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  online payroll services, employee timekeeping
  services and employee background check in Miami.