4 Common Payroll Mistakes and How to Fix Them

This blog highlights four common payroll mistakes that employers make and provides solutions to avoid them. The first mistake is miscalculating overtime pay, which can be solved by understanding the regulations and using a reliable payroll software. The second mistake is misclassifying employees as independent contractors, which can result in legal and financial consequences. To avoid this, employers must understand the criteria that differentiate independent contractors from employees. The third mistake is failing to comply with tax laws, which can be prevented by keeping accurate records and seeking professional advice. The fourth and final mistake is not keeping up with changing payroll regulations, which can lead to penalties and fines. Employers can stay updated by subscribing to newsletters and attending training sessions.