payroll
A 401K is an employer-sponsored retirement savings plan that employees can contribute to pre-tax, thus reducing their annual tax liability. Some employers also contribute to the account as a benefit to the employee. A 401K is a valuable part of a long-term financial and retirement plan that all employees should take advantage of. But you may be in a financial situation and considering cashing out your 401K. Before doing so, you need to consider the consequences carefully. Here, we’ll cover what steps to take before you make the decision. Understand the Consequences Before Cashing Out a 401KWhi...
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Paying for yet another software subscription might not seem like the ideal way to cut costs at your business. But the cost-benefit calculus changes fast when that subscription reduces the amount of time your accounting, finance, and HR teams need to spend managing your company’s payroll, to say nothing of actually running payroll every two weeks. Think Automation for Your Payroll ProcessTime saved is money saved. Freeing up person-hours to devote to higher-value initiatives and perhaps providing some flexibility to right-size your back-office teams as needed will mean money in your pocket. Tim...
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