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Compliance is a legal requirement


Before your new employee starts his or her first day, there’s a lot to do. Most of the HR work will have been completed – contract signed, background check, files updated, etc. Now it's time to focus on payroll. As we’ve mentioned in other payroll guides, there is more to payroll than just paying your staff. Payroll includes hiring and firing, salary, leave dates, benefits, bonuses, and other topics.

It's also directly linked to taxes and tax accounting meaning that it’s covered by legislation. So if you don’t follow the law exactly, you could get penalized.

And it’s not just tax law. From completing the right forms to making the correct overtime payments, payroll is covered by laws other than tax every step of the way.

In this guide, we’ll look into what payroll agreement involves. That way you and your new hire will be able to hit the ground running.
Whether you’re hiring your 1st employee or your fortieth, compliance consequences. But how does one guarantee you’re cooperative with all payroll laws and follow industry-wide best practices? We will help you make the right choices.
SG Inc CPA provides an outsourced solution that helps to enable businesses to better manage the sensitive and time-consuming task of commercial employment and income verification as well as social service, immigration, and Workers’ Compensation verification. Versifiers can obtain qualifying employee income and employment information securely in seconds via the Internet or telephone. This automated process helps reduce costs for your organization and helps provide faster responses for your employees.

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