3 Payroll Errors That Can Sink Your Company

Jun 12, 2018
Time Management

You’ve Got To Get Payroll Right

If you are a business owner, you are probably busy 24/7 and can’t always give each needed task your full attention. If you get to the point where you have to put something on the back burner, make sure it’s not payroll. WorkforceHub has convenient, powerful tools to help you avoid these common payroll mistakes.

1. Inaccurate Time Cards
Manual timekeeping systems that obligate team members to enter hours on a paper timesheet are vulnerable to errors that are both intentional and unintentional. Employees often record their designated shift start time even when arriving late and do the opposite when leaving early. Even your most honest employee can have trouble accurately recalling hours when filling out a time card several days later. Erroneous timecards increase costs of labor unnecessarily and burden your HR staff (which may just be you).

TimeWorksTouch tracks employee time to the minute to make sure that you only pay staff members for the time they are working. WorkforceHub maintains accurate audit-ready time and attendance reports that can safeguard you in case of a DOL dispute.

2. Misclassifying Employees
Employee classification affects benefits eligibility, minimum wage provisions, overtime pay eligibility, and workers’ comp eligibility. Employers who misclassify are at risk of state and federal penalties and should consult the comprehensive DOL guidance on the subject.

WorkforceHub allows you to customize the job codes for your organization to help you stay in compliance and design efficient scheduling strategies to keep your labor rates as low as possible.

3. Failing to Pay Payroll Taxes
Small business owners may incorrectly think that failing to pay payroll taxes is akin to not paying personal income taxes. If you get in a cash pinch, DO NOT delay paying your payroll taxes as a stopgap measure.

Meeting all of your employer tax requirements is challenging without trustworthy time and attendance data for each pay period. WorkforceHub automatically collects, calculates, verifies, and submits the critical information to your payroll provider.

Swipeclock serves many companies like yours and can help you forego these dangerous pitfalls with the experience and expertise you can depend on. Call us today at 888-223-3450.

Contact Swipeclock for information regarding WorkforceHub? UPGRADE TODAY

Swipeclock offers WorkforceHub, the unified Human Resources portal that makes it easy to optimize the performance of your managers, employees, and business.

WorkforceHub includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHub is created for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and lessen labor costs.

We can get you up and running with WorkforceHub immediately. Contact us today to request a demo.

Or are you interested in becoming a reseller? Check out the Swipeclock partner advantage now.

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