Payroll processing is no easy task. If it were, you wouldn’t
have to hire someone to do it for you. Unfortunately, however, even the very
best professionals can sometimes make mistakes. As such, it’s wise for you to
be aware of common payroll errors and to know how to spot and correct them.
One of the most major mistakes is simply classifying workers
incorrectly. Exempt and non-exempt workers are eligible for very different
things and putting even one employer in the wrong category can lead to unending
hassle. Before you hand your list of employees over to your payroll processing
team, check and double check each worker’s status. Then, before you send any
paperwork out, check it again. You can never be too careful!
Also, keep in mind that you can’t just toss out old records.
Even after someone stops working for you, federal law requires that you keep
all of their records on-hand for at least three years. So, develop a good
filing system for keeping older records and organize it carefully.
If you can follow these tips and be careful in all matters
related to payroll processing and hire only the most experienced professionals
to handle this all-important job, you should enjoy smooth sailing when it comes
to your payroll.
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