ASAP Payroll BLOG
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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Illinois Overtime Laws for Salaried Employees
The Illinois Minimum Wage and overtime pay law parallel the Federal Labor Standards Act (FLSA), including the requirement that overtime pay is 1.5 times the employee’s regular hourly pay rate. Although many salaried workers are entitled to overtime pay, some workers are exempt from this requirement under both FLSA and Illinois law. Illinois employers and ...
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Protecting Sensitive Data During Employee Departures
Small and medium businesses in Indiana have an advantage: Our people are some of the friendliest and most helpful you’ll find. However, this shouldn’t sway you from protecting your data whenever an employee leaves or is terminated. The majority of data breaches within organizations are due to people who have left the company, taken company ...
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Unlimited PTO: The Pros and Cons Every Employer Needs to Know
Unlimited PTO policies have been gaining momentum in recent years, rising by 178% from 2015 to 2019.
Tracking the Health of Your Business Through a General Ledger
The General Ledger—How it Works A general ledger account is an account or record
HR & Legal Considerations for Conducting Employee Health Screening
Employee health screenings are tests and measures that organizations follow to help identify and reduce
Increase in the Optional Standard Mileage Rate Provides Relief for Drivers
On June 9, 2022, the Internal Revenue Service (IRS) announced that it will boost the
How to Simplify My Small Business Payroll?
Are you trying to find ways to simplify your small business payroll? When you started