Studies show that smaller businesses are slower to adopt new, time-saving technologies, which could help them better compete in the market. As a result, they are sometimes working much harder to compete and be productive compared to larger companies that are quicker to jump on board with newer technology to increase their productivity.
When looking at a simple piece of paper it’s hard to think of it as expensive. Just stop for a moment to think about the huge amounts of paper we sift through and throw away almost everyday – all that junk mail delivered to your mailbox, documents we no longer have use for, the kids’ old homework and the list goes on and on.
In the 1990s, employers and individual taxpayers (medical residents) began filing FICA refund claims based on the position that medical residents are students eligible for the FICA tax exception under Internal Revenue Code section 3121 (b)(10). This is referred to as the “Student Exception."
Creating and tracking employee paperwork can be a big time and money waster. Having a digital system that is easily accessible by HR and employees can help minimize some of the often hidden costs of employee paperwork. There are four key cost savings for online employee document management:
From news feeds, to blogs, to company updates and even LinkedIn – the internet is filled with stories about how to keep operational costs down for your company while in a recession. Among the numerous ideas provided, there is one suggestion that keeps appearing on almost every list – electronic forms.
The USPS postage increase went into effect January 22nd. The first ounce is now $0.45. For companies mailing out W-2s, paychecks and other forms, this will be another addition to their expenses column on the company ledger. A company with 10,000 employees, paid bi-weekly, will be paying an additional $2,600 this year in postage for employee paychecks.