The Tax Cuts and Jobs Act of 2017 is the most significant change of the U.S. tax system for employers in more than two decades. With little time to plan and respond, it’s critical for employers to understand what’s changing, the impact on employees and what you need to do now to respond.
Employees leave. It happens. Yet, when employees walk out the door, the support responsibility for HR and Payroll doesn’t end. In fact, the hard work may just be starting.
Odds are that income tax fraud can happen to you or someone you know. Fraudsters are out in force preying on unsuspecting victims. What can employers do today to help prevent tax fraud for their employees.
There’s little debate, electronic delivery of year-end tax statements is good for everyone. Employees who want to file taxes early get statements online up to two weeks before mailed statements. It’s more efficient and cost effective for employers, and even the environment benefits. So, then why is it so hard to get employees to enroll?
Determining if a website visitor, email sender, or phone caller is really who he claims to be is challenging. Many identifiers that have historically been used to verify identities have been leaked, stolen, or can easily be found in public directories. Armed with these data elements, an unauthorized individual could potentially abuse employee self-service systems that rely on these data elements being secretive.
With lawmakers introducing new legislation aimed at stiffening employer penalties for cases of wage theft and a growing number of states and major cities requiring employee wage notices, it’s time for HR and Payroll teams to sit up and take notice.
Employee engagement sits near the top of every organization's HR priority list, yet 70% of U.S. employees are disengaged. How do you fix this costly trend? Start by creating an engagement strategy for your fastest-growing employee group: millennials.
You established the business case for more headcount, interviewed numerous candidates, checked references, made an offer and your top candidate accepted. Job complete! Well…not so fast. A seamless employee onboarding experience is the first impression that leads directly to improved retention and productivity.
Regulatory changes happen. More often than you might think. Monitoring regulatory changes is time consuming, but it’s critically important as an employer that you stay on top of these changes and ensure you are using the most current tax forms to capture your employees’ tax information. Failure to capture the correct information can lead to time-consuming audits and costly penalties.
You can’t expect employees to take the self-service wheel without information and guidance. As employers, you need to put them on the right path with proper direction, so eventually they can “drive” on their own. Only then can you eliminate any worries about self-service and focus your resources on other HR and payroll needs.