Compliance with payroll laws is essential, but keeping up with changes can be difficult. Missing even a small detail can lead to fines, penalties, and even audits.
Here are four key areas to focus on:
Stay updated on tax law changes – Federal, state, and local taxes change frequently. Make sure you’re following the most current regulations.
Classify your employees correctly – Misclassifying employees can lead to costly penalties.
File on time – Ensure you file your payroll taxes by the correct deadlines to avoid late fees.
Keep accurate records – Maintain thorough payroll records for every employee in case of an audit.
Compliance doesn’t have to be complicated. Using a payroll solution that automatically updates to reflect changing laws, saves you time and reduces risk.
Check out our Asure Payroll interactive demo to see how we simplify payroll compliance for you.
