When it comes to time sheets, Excel spreadsheets give an employee complete control and the boss zero.
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All government contractors must adhere to a set of guidelines regarding proper financial management. These guidelines, which include employee time tracking, are required by the United States government to ensure accuracy and verity. Timesheets.com is DCAA compliant!
A lot has to line up for a person to be successful. There must a good deal of intelligence, talent (which might just mean a lifetime of hard work), confidence, and time management. Articles could be written on any of these traits so in effort to avoid playing down importance of any important factor, let’s just focus on time management and how to get better at it.
Payroll is a big job and it takes a lot of training to get it right. If you do it yourself, you have to be very careful because there are many things to consider when doing your calculations. You must ensure that you withhold the correct taxes from your employee’s paychecks, correctly calculate wages and bonuses, pay employees with the correct tax deductions, comply with wage and hour laws, and make sure that you pay employees on time. With all of this to keep track of, there’s plenty of room for accidental errors. Therefore, outsourcing payroll is the best option for most small businesses.
Workers can be classified as either an employee or independent contractor. Many employers would prefer classifying all their workers as contractors because it saves them money, but it’s not that simple.
The IRS and the DOL have laws regarding employee classification. Whether to classify a worker as an employee vs contractor is a matter of what type of work the worker does and how it’s done. I’ll show you how to understand this employment relationship so that you can be compliant with the IRS and the FLSA.
Keeping track of the time employees spend on specific projects can help a manager determine the value of a given task and narrow down the effective use of an employee’s time. The following are some of the ways project tracking can do this.
As with any new routine, employees may find it difficult to remember to clock in and out. They may even rebel against it for a while. Thankfully, time will usually solve the problem but here are some tips to facilitate this process.
At Timesheets.com, we often get calls from customers who want help setting up “custom” overtime rules. We’ve heard the gamut of creative “overtime policies”. While having multiple pay rates is fine for different types of work, employers must understand that federal laws govern overtime.
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