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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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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Tax Jurisdiction Registration – A Necessary Evil

With year-end approaching (hello, September!) in a year that has been riddled with irregularities, getting ducks lined up is imperative. This includes completing vital tasks such as tax jurisdiction registration. It’s not always fast or easy, but you can’t complete W-2’s without those pesky withholding account numbers. Here, the Wise tax team shares some things…

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The Role of Change Management in HCM Implementation

As with any complex project, managing expectations and communicating early and often are key. Change that feels sudden or forced can confuse workers and make them resistant or even suspicious of the new system, even when it offers features that can make their jobs easier. Step one in change management is putting together a strong…

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Businessmen going over year end data

Are Your Reports, Analytics and Self-Service Features Meeting Your Needs?

Whether a company’s employees are all onsite, all working remote, or somewhere in between, the demands on HCM and payroll teams have morphed in 2020. From payroll staying compliant with pandemic legislation to HR fielding the changing needs and fears of employees, there are more tasks, complex issues to unpack, and seemingly endless moles to whack. Even…

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two businesswomen going over hcm software

Before you Implement a New HCM System, Here’s What You Should Know

Nearly five months into the pandemic, companies that had put their new HCM system purchases and implementations on ice are throwing fire under them to get things cooking. As they go through the process of selecting the systems that best align with their goals and considering the demands of the implementation process, here is what…

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