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How bad will 2020 year-end be for people who are not preparing now? “It’s going to be bad,” predicts Cory Makle, FPC, Client Payroll Specialist with Wise. “Because of everything that’s going on, starting now is a good idea. If you’re not looking up until later, you are going to have problems. You definitely have…

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You may know by now that the IRS has revised Form 941 in response to the FFCRA and CARES Acts that were put into effect earlier this year. Even employers with third-party tax support will have to take a more active role in validating and ensuring the accuracy of the data in this unprecedented year…

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The Paycheck Protection Program (PPP) was created under the Coronavirus Aid, Relief, and Economic Securities (CARES) Act to provide relief to small businesses adversely impacted by the COVID-19 coronavirus pandemic. The plan to issue forgivable loans to businesses needing to make payroll in uncertain circumstances was intended to help businesses stay afloat while still paying…

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These unprecedented times are calling for difficult business decisions. Companies of all sizes are performing critical analysis in order to maximize budgets to retain staff, attempt to take advantage of government relief, and maintain employee pay and benefits. Wise payroll managers have compiled a list of considerations to help you ask essential questions and examine…

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How is the Pandemic Affecting Garnishments? While the COVID-19 pandemic has placed a temporary hold on federally-funded student loans, at some point these wage garnishments, and the necessity of processing them, will resume. Additionally, with courts currently not in session, many standard proceedings that result in orders have ceased. When it’s business as usual, the…

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Organizations are always on the lookout for ways to reduce outlay while trying to achieve ambitious goals for growth and expansion. Cloud-based HCM technology, also referred to as HRIS, can be a game-changer for companies who want to improve the employee experience and increase efficiency. A well-utilized HCM system can also reduce the stress of…

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Once upon a time, an organization could buy HR and payroll software, install it physically on-premise and complete the subsequent required installation of updates as the product evolved.  Time passed and the Internet grew up, becoming more sophisticated with the advent of online commerce, user interface advancements and a multitude of entertainment and social media.…

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Among the many tasks that payroll professionals cite as frustrating, staying up to speed on ever-changing government tax regulations and the cost of correcting mistakes or paying penalties for errors are at the top of the list. Add to that the relentless and cyclical nature of payroll–it has to go out accurately and on time,…

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Year-end is approaching faster than you think, which typically means heightened stress levels as your HR department scrambles to manage auditing, tax reconciliation, W-2 preparation and other headaches. Are you dreading this important but anxiety-inducing time of year? Wise can help you manage it the right way. Read on to learn how the Wise team…

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