ASAP Payroll BLOG
Why Benefits Enrollment?
The open enrollment window for 2020 marketplace coverage starts November 1, 2020 and runs for 45 days through December 15. Open enrollment is when your employees can start, stop, or change marketplace and individual health insurance plans. If they miss this enrollment window, they’ll have to wait until late 2021 to make adjustments. However, in ...
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Payroll Tax Deferral
With COVID-19 continuing to wreak havoc on businesses of all sizes and individuals nationwide, the U.S. government is searching for ways to provide additional relief to employers. In an effort to help alleviate the negative effects of the coronavirus, President Trump issued multiple executive orders on August 8, 2020. One, in particular, relates to ...
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Ramifications of Buddy Punching and How to Avoid It
Nearly three-quarters of U.S. small businesses are affected annually by “time theft” or buddy punching. It occurs when a coworker punches your timecard in your absence. That employee accepts pay for time they didn’t actually work, such as staying clocked in during breaks, not clocking out to run errands, or checking social media during work ...
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Why Should a Small Business Outsource Their Payroll?
You started your company and it’s now thriving. As it grows, will you be adding add human resources staff to manage your payroll and other HR responsibilities? How about hiring legal teams to withstand errors or stand up against litigation you might face? Or have you considering outsourcing your payroll needs to free-up your employees ...
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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 that’s used to sort, store, and summarize your company’s transactions. It’s the lifeblood of your business and provides a report of how healthy it is. General ledger categories include asset accounts, namely cash, accounts receivable (legally enforceable claims for payment ...
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Demystifying Employee vs. Independent Contractor
An employee and independent contractor (self-employed) may do comparable work for your company; however, there are distinct differences between the two. Whether you employ one or both classifications, you need to clearly understand the legal distinctions between them. An employee works exclusively for a single company and will be compensated on a salaried or ...
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How HR Drives Learning & Development Beyond Scheduling and Payroll
HR learning and development (L&D) programs are becoming increasingly important as technology advances rapidly in
New Hire Paperwork & Best Practices for Kentucky
Ensuring a smooth onboarding experience for your new employees can improve the likelihood that they’ll
Understanding Severance Pay: Essential Considerations for Employers
Severance pay is a critical component of the employee lifecycle, especially in moments of transition
5 Benefits of an Applicant Tracking System
Manually managing candidates for your open positions is so 2010. When you manage candidates without
Understanding Employee Attrition Rate and Its Importance for Your Business
An employee attrition rate is simply the percentage of workers who leave a company during
