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According to World Heritage Encyclopedia, the first time clock was created in 1888 by a New York-based jeweler named William Bundy. The mechanical device — called a "key recorder" — worked by printing (on a paper tape) the specific time the employee inserted a designated numbered key.  Since...

05 February, 2021

According to the Society for Human Resource Management, employers are implementing personality testing more frequently in the hiring process. The goal is to understand job candidates better by gaining a sense of their feelings, attitudes, perceptions, motivations, emotional intelligence, interests, preferences and communication styles. Some...

04 February, 2021

Payroll is a mission-critical function — one that must be done even amid disasters or emergencies, such as:  Pandemics.  Storms.  Hurricanes.  Flooding.  Tornadoes.  Fires.  Earthquakes.  Terrorist attacks.  Cyberattacks.  Active shootings.  Loss of electricity.    These catastrophic disruptions can occur unexpectedly. But when it comes to payroll, you...

03 February, 2021

WASHINGTON – The Treasury Department and the Internal Revenue Service issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP). Revenue Ruling...

01 February, 2021

For any number of reasons, such as downsizing or financial issues, you've decided to permanently lay off certain workers. You're forced to conduct the layoff via online videoconferencing — because your employees work remotely or to abide by social distancing guidelines.    While you have no...

29 January, 2021

To understand the importance of synchronizing your timekeeping, payroll and accounting systems, you must first identify their functions and interrelations.  Let's start with timekeeping    If you have nonexempt employees, you're required by law to develop a timekeeping system that's accurate and complete.  Additionally, you must pay your nonexempt...

27 January, 2021

According to Gallup, the number of days employees are working remotely has doubled during the pandemic. Some companies are even considering making a remote work arrangement permanent. While there are no laws that exclusively apply to remote workplaces, remote work does come with additional compliance...

26 January, 2021