The Ins and Outs of Payroll Tax
The specifics of payroll taxes can be difficult to understand, and mistakes can result in consequences like frustrating late fees and accrued interest. In order to avoid these pesky penalties, it is essential to have a basic understanding of payroll taxes, what they are used for and what types of penalties can occur if you…
Third-Party Payroll Management; How to Avoid a Disaster
You manage a private business that has never experienced a payroll crisis. You have yet to experience an issue with overpaying or underpaying your employees, dealing with late fines and violations or improperly submitting your payroll taxes. Why, then, should you consider outsourcing your payroll management to a third-party company? Because you never know when…
Transformation and Change Management in the HR and Payroll World
It’s no surprise to most executives that the world is changing dramatically. One need look no further than the self-driving car to see we are living in a time of unprecedented technological change. With that in mind, what do forward-thinking business leaders see, in a world of constant innovation and disruption, as constant? The surprising…
Paving The Way For A Truly Utilized HCM System: A System Review Journey
When you first started exploring the possibility of changing your HR/Payroll system, there were most likely several presentations outlining the functionality of the potential Human Capital Management Systems (HCM) for your organization. Based on all the great things you saw; your organization made the decision to migrate to a new HCM platform. Now that you…
Every Penny Counts: The Major Implications Of Payroll Errors
Payroll errors and inconsistencies can result in serious repercussions for employees and employers alike. Here, the experts in Human Capital Management (HCM) and Payroll Management Technology at Wise Consulting discuss the implications of payroll errors and how to prevent these errors from occurring. Payroll Errors Hurt Everyone While any type of human resources error can…
The Beginning Of The [Year] End
The end is near! We are already past Halloween, but if you work in payroll, there are still many spooky days ahead. Year-end payroll planning is already underway and the next two months will be busy and full of challenges unique to your business. In addition to the many to-do’s left on your 2018 list,…
Vendor Selection
For HR and payroll departments, the wrong HCM vendor can lead to a world of frustration. Generally, HR professionals become uncomfortable with their organization’s HCM technology due to bad implementation, poor vendor support and inadequacies or inefficiencies of the HCM technology. Once you have these feelings towards your current HCM technology, you know it’s time…
Spending Time To Prepare For An HCM Implementation
By fostering company-wide collaboration and cultivating employee skills, HCM solutions help save time, effort and money, helping you capitalize more effectively on the productivity and talents of your employees. Its capabilities extend beyond core HR functions to identifying, attracting, engaging and retaining top talent while cultivating the full potential of your employees through internal training,…
The “Wise Way” To Continuous Improvement
The “Wise Way” is about more than tweaking your human capital management (HCM) system using industry-standard optimizations. It’s about always improving upon what you already do well. Recently, two of Wise Consulting’s top subject-matter experts, Ana Woods-Hill, CPP and Amanda Babbidge, GBA talked about what you can do to start right away. What Does “Always…
Could Your Employees Be Under Withheld For Federal Taxes In 2018?
On Dec. 22, 2017, one of the most significant reforms of the United States Tax Code in over three decades was signed into law. The new law, called the Tax Cuts and Job Act (TCJA), came into effect on Jan. 1, 2018 and significantly changed corporate and individual taxation. Across the country, taxpayers are struggling…