Tag: Here are other things that are included in payroll compliance

What Is Payroll Compliance?
Business

What Is Payroll Compliance?

Payroll compliance guarantees that you are meeting the state and federal employment law requirements. It also ensures that your employees are getting paid what they deserve on time.  But, a survey by SurePayroll revealed that many business owners don’t have the right understanding of payroll compliance. It found that:  45% of small business owners are familiar with obsolete payroll regulations. Only 36% of small business owners are familiar with the Federal Insurance Contributions Act (FICA). It is a law that mandates payroll deduction for a contribution towards Social Security and Medicare. 32% of companies have made a payroll mistake at least once. Most of them underpaid an employee.  This article will explain what payroll compliance is, why it matters, and its benefi...