ASAP Payroll BLOG
What are the Kentucky Minimum Wage & Overtime Salary Requirements?
Any business with at least one employee has an obligation to understand and apply wage and overtime laws as they apply to both employers and employees. In Kentucky, business owners, managers, HR professionals, and payroll professionals must know and apply both state and federal wage and overtime laws, taking the most stringent path when there ...
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Recruit and Retain Employees with Early Wage Access Benefits
Competition for the most talented employees is fierce in today’s job market. As organizations compete for highly skilled and engaged workers, offering innovative benefits has become more important. One innovative benefit that has gained significant traction in recruitment and retention in recent years is earned wage access, or EWA, which gives employees early, on-demand access ...
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ZayZoon – What is an Early Wage Access Benefit?
When an employee faces unexpected expenses and financial strain, it affects their personal and professional lives, wreaking havoc on the employee, their family, and in many cases, even their employer. This concern has become more prevalent since the pandemic; today, 50% of hourly employees report that they have no money put away for emergencies, and ...
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Illinois Standard Minimum Wage and Tipped Wage Rates
How up-to-date are you on the minimum wage laws in Illinois? As an employer in the state, you are responsible for staying compliant with the minimum wage and tipped wage rate laws. For example, if you’re still using Illinois 2021 minimum wage rates of $11 per hour, you’d be underpaying your employees by $2 an ...
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Understanding Illinois Taxes for New Employees
If you’re hiring new employees, you want to make sure you’re handling their Illinois taxes correctly. That includes understanding tax requirements and complying with those requirements every time, for every employee. HR professionals and employers must make sure they’re creating a payroll system that’s fair and compliant, so everything operates the way it should. Here’s ...
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An Overview of Employee’s Illinois Withholding Allowance Certificate: IL-W-4
Are you making sure your employees are filling out their IL-W4s and keeping them updated? The IL-W4 is Illinois’ state withholding form, and it ensures that the correct amount of Illinois state income tax is withheld from the employee’s pay. Let’s take a look at what’s on the IL-W-4 form and how to fill it ...
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8 Top Payroll Processing Tips For Small Businesses
Managing your payroll takes diligence, attention to detail, and persistence. With multiple processes, employee expectations,
What Wages Qualify When Calculating the Employee Retention Credit?
The essence of the Employee Retention Credit is to incentivize employers to retain their employees
How to Read Your W-2 Form for Timely Tax Filing
The tax season is a busy time for everyone, including salaried employees who need to
New Hire Paperwork & Best Practices for Illinois
Hiring and onboarding new employees is an exciting time both for the new hires and
How To Automate Employee Onboarding
How well do you onboard your employees? Onboarding goes beyond the orientation week. In fact,
