ASAP Payroll BLOG
Understanding Human Capital Management: What You Need to Know
Human capital management (HCM) is what keeps a company running smoothly. Human capital is the economic value provided by an employee’s skills, knowledge, and talents. This expense can account for up to 70% of a company’s operational expenditures in various sectors. Your personnel, as your most valuable asset and probably your largest expenditure, is more ...
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5 Ways HR Technology Can Save Your Business Time and Money
With inflation hitting record highs and widespread talk of an impending recession rife, businesses are trying to reduce expenses without sacrificing competitiveness. More often than not, the first place to look in this endeavor is the human resources (HR) division. Taking into account how technology has transformed how human resources departments operate, integrating technology to ...
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Out-Of-State Remote Workers and Business Tax: How It Works
Factoring in the global pandemic, many companies have quickly embraced remote working, which generates great benefits to their bottom line and workers. However, this has also brought in the complicated matter of state and local taxes with a remote workforce. Generally, relevant tax authorities require employers to prepare and submit payroll and income taxes on ...
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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 optional standard mileage rate for business travel for the last six months of 2022. Effective July 1, 2022, the rate will be 62.5 cents per mile, up 4 cents from the rate set at the beginning of the year. This ...
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PEO Vs. Payroll: What Are the Differences?
Outsourcing an important business process such as payroll is not a new practice for small business owners. With the constant need for accuracy and efficiency in undertaking payroll responsibilities, small business owners find they need support. This has given rise to outsourcing to Professional Employer Organizations (PEOs) and Payroll Service Providers (PSPs), who help minimize ...
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Choose Your Service Provider Carefully to Prevent Payroll Fraud
You’ve worked hard to make your business a success. But, you didn’t get there all alone. In fact, you fully understand the importance of delegating responsibilities to get things done. One of the things that you may choose to outsource to a third party is payroll. A professional payroll service provider is an invaluable asset ...
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PEO Vs. Payroll: What Are the Differences?
Outsourcing an important business process such as payroll is not a new practice for small
The True Costs Of Hiring Your First Employee
A company that is hiring new employees is a company that is growing, but that
What Restaurant Owners and Managers Need to Know
What you and your staff need to know about compliance, tips, and taxes As restaurant
Moving Back To The Office – Maintaining A Company Culture
Transitioning back to the office after an extended period of remote or hybrid working is
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