ASAP Payroll BLOG
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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PPP Loan Forgiveness
The Payment Protection Program (PPP) Flexibility Act of 2020 was designed to modify certain provisions related to loan forgiveness under the paycheck protection program. It lets recipients defer payroll taxes and other business-related expenses. In other words, the program helps relieve small businesses and their employees from the economic impact of COVID-19. As of ...
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Applicant Tracking Systems
Attracting and retaining skilled workers has grown exponentially more challenging, according to Manpower Group (www.gomanpowergroup.com, with 54% of companies globally reporting talent shortages—the highest level in over a decade. And, the U.S. Bureau of Labor claims there are 670,000 more job openings than unemployed potential workers (based on statistics prior to the 2020 coronavirus). Applicant ...
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Instituting Paperless Payroll
In today’s “fast-food” world, convenience is mandatory. It’s no different when it comes to paying your employees. As a result, payroll cards are a fast-growing option to more traditional forms of payroll payment, such as paper checks and bank direct deposit. Plus, failing to offer payroll alternatives can result in your company running ...
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Key Standards for Effective Remote Work Policies
Companies have been using remote work options for years, but it surged in popularity during
How to Create a Remote Work Policy That Actually Works
Remote work has become a permanent part of today’s workforce. More than one-third of U.S.
Payroll Changes in 2026: What Small Businesses Need to Know Now
Payroll compliance rarely changes overnight, but 2026 is one of those years where several updates
Switching Payroll Systems in 2025: A Simple Guide for Smooth Transition
Your payroll system is your business’s lifeblood. Employees expect fair, on-time payments. They also want
What the New Federal Overtime Rule Means for Indiana Employers
To manage your payroll and accounting books effectively, you need to have a good understanding