ASAP Payroll BLOG
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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Small Business and ACA Compliance
Defining Small Business We’re all familiar with the term “small business.” Under this umbrella, the Small Business Administration (SBA) states there are 27 million small businesses in the U.S.; but, depending on who’s using the term, it has different meanings. As mentioned, the SBA defines “small business” as any actively operating company with 500 or ...
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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
The True Costs Of Hiring Your First Employee
A company that is hiring new employees is a company that is growing, but that
Streamline Your Timekeeping Process—Automate It
Today’s timekeeping software offers you so much more than merely tracking your employees’ time. It
How to Keep Your Applicant and Employee Data Secure
As an employer, you need to collect information from your applicants and employees. The information
Maximizing Employee Satisfaction with Flexible Spending and Health Savings Accounts
Companies have to get more creative and aggressive in today’s job market to attract and
