Payroll Law Basics

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Payroll Law Basics
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• Salaries, bonuses and deductions (such as transit
  or health insurance) are the financial
  obligations paid by an employer to their workers,
  and these are covered by payroll.
• All businesses should have a fully functioning
  payroll system, whether this is managed in house,
  or by an outside provider, and to avoid costly
  penaltiess and disgruntled employees, it must be
  managed effectively and professionally. As an
  employer, you are required to keep accurate
  records of employee payroll and make timely and
  appropriate tax contributions.

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• What are payroll taxes?
• Payroll taxes are deductions made by employers on
  behalf of the government to fund entitlement
  programs and income tax, and complying with them
  can be complicated.
• There are often many deductions such as for state
  disability, unemployment insurance and school and
  other programs that are held in trust, and
  ensuring that your business is compliant with
  both state and federal tax laws, may be best
  achieved by employing the services of a payroll
  professional.

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• What payroll taxes are employers responsible for
  paying?
• Social security
• Medicare
• Federal unemployment taxes
• State unemployment taxes
• What are payroll laws?
• Minimum wage - laws vary state to state, and in
  some cases, state minimum wage is higher than the
  federal minimum

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• Overtime - laws are mandated by the Fair Labor
  Standards Act and state that overtime must be
  paid when an employee works more than 40 hours a
  week. Any extra hours after that, must be paid
  time and a half. There are some exceptions to
  this law, such as salespersons and administrative
  workers for example.
• Payroll tax payroll taxes must be paid as per
  federal law
• Frequency of pay payroll taxes are scaled
  according to how often employees are paid. Many
  are paid biweekly, while others will be paid
  seasonally, daily or monthly.

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• Who can provide you with up to date payroll law
  information?
• There are many specialized payroll services that
  exist today, to give you all the help and
  guidance with payroll and any associate laws,
  that you might need. They can offer software
  solutions and trained professionals who keep up
  to date with payroll and tax laws, to ensure that
  you are always compliant and your employees are
  being paid correctly. Some payroll service
  providers will also take care of some things
  normally undertaken by human resources personnel,
  such as tracking benefit plans.

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• What is payroll software?
• Payroll software is available for small
  businesses, that can help them to keep on top of
  payroll by automating it. Most software nowadays
  can calculate deductions and create pay checks,
  along with managing benefit plans.
• If youre in any doubt about whether as an
  employer, youre complying with payroll laws, it
  would be sensible to seek advice from a payroll
  professional. They could save you a lot of time
  and effort in the long run, and could even save
  you from the potential cost of penalties and
  lawsuits, should you happen not to be payroll law
  compliant.

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• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  online payroll services, employee background
  check and employee timekeeping services.