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—when a coworker clocks in or out for someone else. Whether it’s a quick favor or a more serious abuse of the system, buddy punching can lead to thousands of dollars in lost revenue. What Is Buddy Punching? Buddy punching occurs ...
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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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Enhancing the Applicant Experience: Essential Steps Before Employee Onboarding
Employers always want the best and brightest applicants to impress them during the hiring process.
What You Need to Know About Cybersecurity
In today’s sophisticated world, cybersecurity is an ever-growing concern. There isn’t a day that goes
Understanding I-9 Fine Increases in 2024: Compliance Tips for Employers
Employers of all types and sizes across every industry must collect and verify an I-9
Manual Payroll vs Payroll Software: Pros and Cons for Small Businesses
When starting a business, many owners handle payroll manually to save money and maintain control
ASAP Payroll Enhances HR Management with Employee Navigator Integration
We’re excited to share some great news—ASAP Payroll has just integrated with Employee Navigator,