Super Size Your Social Security Benefits!

  What are the best ways to maximize your Social Security benefits? The Social Security Administration doesn't give case-specific advice to individuals, so it's up to the individual worker to know the rules and do the proper research. For example, writing on the Bankrate.com website, Jennie L. Phipps describes some keys to getting the most out of Social Security: (1) Wait a while. At age 70, the monthly benefit is 76 percent higher than it would be at age 62 and 32 percent higher ... Read more

Trouble Making Payroll in a Tough Economy – Could Vacations be the Answer

Making payroll is always a top priority. But for many companies during the economic difficulties of the last few years, payroll has been an ongoing concern every pay period. Creativity and loyalty to staff members has given many company leaders the incentive to find alternative ways to make payroll, rather than laying off valuable, dependable workers. In October 2008 the Society for Human Resource Management (SHRM) conducted a survey that examined paid leave policies and practices in the workplace. The survey was ... Read more

When is Outsourcing Payroll A Necessity?

Even the most savvy entrepreneurs sometimes have a difficult time keeping up with payroll taxes.  According to howstuffworks.com, payroll taxes can create trouble, because “Complicated tax forms must be filled out and filed on an annual, quarterly, sometimes even weekly basis. Missed deadlines and improper tax filings can result in steep fines and even jail time.” A business owner managing payroll can be a huge time waster. That’s bad for the owner and bad for the company. Sitting in the office ... Read more

How Could Outsourcing Payroll Save A Company’s Healthcare Budget? And More?

Businesses save money by outsourcing payroll, but exactly how? The obvious answer is that outsourcing fees are less than the cost of paying in-house payroll staff member salaries and benefits. But there are other savings created by outsourcing that are less obvious. While it’s true that hiring fewer payroll staff members keeps individual salary budgets in check, an indirect result of this is also beneficial: keeping the company size classification in check. The federal healthcare law requires employers with 50 or more ... Read more