ACA and Year-End Considerations You Need to Review

With so many rules and regulations swirling around regarding ACA processing, year-end tasks and FFCRA limits, it’s important to review tasks and issues with a fine-tooth comb. That’s why the Wise team put together year-end and Affordable Care Act (ACA) notes to help keep you informed and compliant as 2020 comes to a close. Some Year-End…

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As we Approach 2021, Payroll Continuity is More Important Than Ever

If 2020 has taught us anything, it’s this: payroll continuity is important. In the corporate world, payroll continuity means your business’s continuity. If your payroll process experiences a blip, it can be disastrous for employees, the backbone of your company. That is why you need protection in place to preserve your payroll continuity no matter…

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Thinking About a New HCM System Implementation in 2021?

Many organizations that postponed HCM implementations in 2020 are eagerly eyeing 2021. With more employees working remote than ever before, companies are realizing that the accuracy, automation, employee self-service features and analytics a modern HCM system offers are key to moving forward with confidence as the workplace stratosphere evolves. Wise consultant, Becky Logan, CPP, shares…

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Implementing a New HCM System – Should it be Part of Your 2021 Strategy?

Purchasing and implementing cloud-based Human Capital Management (HCM) software is a huge investment. Many organizations that delayed 2020 HCM implementations because of the pandemic might have benefitted from using the technology to help guide critical decisions during the crisis. For those looking to make the investment in 2021, Wise Consulting’s President and COO, Steve Grem,…

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2020 Payroll Issues You Need to Keep an Eye On

Those of you keeping an eye on payroll issues affecting 2020 may already have taken note that the New Year holiday of January 1, 2021 will fall on a Friday. Wise consultant and Vice President of the American Payroll Association, Ginnette Clark, CPP, outlines some of the year-end issues coming up, starting with why the…

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Be Aware of FFCRA & CARES Limits

The COVID-response acts are meant to help employers and employees during an unusually difficult year. It is important for employers to understand both the opportunities and the limitations of these acts. As we roll into the fourth quarter of 2020, revisiting the limits might help with reconciliation, balancing and compliance.   FFCRA Limits: Personal Sick…

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A Year-End COVID Watch List

While this list is far from comprehensive, hopefully it will highlight some of the different considerations COVID legislation has brought to year-end as well as some sound suggestions. Wise payroll professionals are working with clients to save them money, help them claim back money in the form of FFCRA and CARES credits, remain compliant on…

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businesswoman analyzing payroll software on her laptop.

Recent Payroll Tax Deferral Order Offers More Uncertainty

Employees need to understand that bigger paychecks for the remainder of 2020 will result in smaller ones in 2021 when, at least for now, they will be required to pay back the deferred payroll taxes. A possible decision to forgive the deferred amounts is far from assured, leaving employers wondering what will truly be gained from opting…

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Payroll consultants analyzing data on their computer

Celebrating Payroll Professionals for Persevering Through the Pandemic

As we roll on from National Payroll Week, we hope you continue to celebrate the amazing payroll professionals who have bravely battled their way through over six months of complex COVID-response legislation, COVID Act claims tracking, changing IRS forms, and who knows what next? With three and a half more months and a daunting year-end…

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Two people analyzing finances for year-end planning

Are you Ready for Year-End?

If year-end isn’t on your radar as September 2020 rolls in, it would be a good idea to move it up the priority list. As eager as most of us are to see 2020 depart, we must first manage a more-complex-than-usual year-end. Wise Tax Compliance Manager, Lynn Lauricella, CPP, reports that her team is preparing…

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