Choosing a new payroll provider can be a challenging decision for any business owner. With so many vendors to choose from, it can be difficult to know which provider...
Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally, payroll should account for about 15% to 30% of your company’s gross income, but with service industries, costs can be as high as 50%.
1. Federal wage and hour laws