Author Archives: Payroll Dynamics

About Payroll Dynamics

Workforce Mgmt Solultions via our fully integrated web application. Payroll, HR, Time/Labor & Benefits have never coincided on one platform before...until now!

5 Flexible Work Arrangements That May Remain

Flexible work arrangements are work programs that enable flexibility in work schedules or the place of work. These arrangements are hugely popular among employees, mainly because they promote work-life balance. FWAs are critical to retention, as research by FlexJobs shows … Continue reading

Posted in Uncategorized | Leave a comment

Steps for Reconciling IRS Form 941 to Payroll

Most employers must report employees’ wages paid and taxes withheld plus their own share of certain payroll taxes quarterly to the IRS. Additionally, employers must report each employee’s wages and taxes annually, on Form W-2, to the Social Security Administration. … Continue reading

Posted in Uncategorized | Leave a comment

SSN No-Match Letters: What to Do If You Receive One

In 1993, the Social Security Administration started issuing no-match letters to employers. However, in 2012, the SSA stopped sending no-match letters to employers, due to various litigation concerns. Quite recently, the agency resurrected the practice, distributing around 575,000 no-match letters … Continue reading

Posted in Uncategorized | Leave a comment

Offering Cash in Lieu of Benefits: Is It Legal?

Group health insurance can be expensive. To lower costs, some employers offer cash in lieu of benefits to employees who opt out of their group health plan. This can be an enticing option for employers on a tight budget and … Continue reading

Posted in Uncategorized | Leave a comment

Know the Tax Rules for Employee Loans

A salary, or wage, advance is a type of short-term loan from an employer to an employee. The employee receiving the advance must pay back the money within a specified time frame, as dictated by the company’s salary advance policy. … Continue reading

Posted in Uncategorized | Leave a comment

Learn the Ins and Outs of Payroll Deductions

The rules for withholding federal payroll taxes are quite straightforward, applying to most employees in the United States, regardless of location. The rules tend to be more complicated on the state side, however, as they are location specific and may … Continue reading

Posted in Uncategorized | Leave a comment

3 Signs It’s Time to Update Your Benefits Technology

According to a 2018 report by the Harvard Business Review, 51 percent of survey respondents said that outdated or insufficient technology is obstructing their ability to retain top talent. Further, 58 percent said that a company’s technology is a factor … Continue reading

Posted in Uncategorized | Leave a comment

3 Tips for Helping Employees Deal With Job Stress

According to the American Institute of Stress, job stress is an epidemic whose prevalence has escalated over the past few decades. The consequences of job stress can be severe, and even fatal. Numerous studies have shown a direct link between … Continue reading

Posted in Uncategorized | Leave a comment

Recent Promotion not working out? Here are 3 things to consider before demotion

Employee demotions occur for various reasons, including: Poor job performance. The position being eliminated. Disciplinary action (for conduct issues). The organization being restructured. Seeking a better fit for the employee’s skill set. Changing business needs. Voluntary decision by the employee. … Continue reading

Posted in Uncategorized | Leave a comment

3 Tips for Explaining Health Insurance to Your Employees

According to a 2016 report by the International Foundation of Employee Benefit Plans, just 19 percent of employers say their employees had a high level of understanding of their benefits.” The report cites three main reasons for this: Employees don’t … Continue reading

Posted in Uncategorized | Leave a comment