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¿Qué Salarios Están Cubiertos Por Workers’ Comp?

The Growing Challenge of Multi-State Payroll

Business owners, CFOs, and HR professionals know how complex the payroll process can be. When your company hires employees that live across multiple states, however, it becomes even more challenging.

 

Varying tax regulations and location-specific wage laws make it difficult to remain compliant. The rise of remote work means these complexities are becoming even more prevalent, ultimately costing companies time and money.

 

The administrative burden of multi-state payroll can lead to costly errors—particularly for small businesses. Professional employer organizations (PEOs) step in to alleviate some of that pressure by handling administrative tasks like payroll management. This means growing companies can stay focused solely on running their business.

 

Let’s take a closer look at multi-state payroll compliance, why traditional payroll may not be the right choice for your company, and how PEOs help simplify the payroll process.

 

Understanding Payroll Compliance Across State Borders

If you’re a small business owner, hiring remote workers means having the ability to access a larger pool of talent beyond your specific area. This can be incredibly beneficial for your business, but it also comes with challenges.

 

One of the biggest challenges companies should consider when hiring talent across state borders is remaining compliant with rules and regulations regarding payroll. Not only do these laws evolve constantly, but they also tend to vary from state-to-state. If your company falls out of compliance, you could be faced with hefty fines and penalties.

 

When hiring workers across multiple states, it’s important to keep in mind that state income tax rates, unemployment insurance requirements, wage and hour laws, and benefits mandates will vary depending on where your new employees are located. Keeping up with those regulations can be especially difficult for smaller businesses or companies without a human resources team.

 

Why Traditional Payroll Systems Fall Short

Traditional payroll systems typically handle one-size-fits-all scenarios. While they may process paychecks efficiently, they may not take multi-state payroll compliance into account.

 

In many cases, generalized payroll processing can lead to miscalculated tax withholdings, late or inaccurate state filings, or noncompliance with state wage laws.

 

How PEOPayGo Makes Multi-State Payroll Easy and Accurate

From streamlining payroll and ensuring compliance to flexible pay-as-you-go programs and expert support at your fingertips, PEOPayGo makes multi-state payroll easy and accurate.

 

1. Payroll Compliance

PEOPayGo specializes in understanding and keeping up with state and federal rules and regulations when it comes to payroll. No matter where in the United States your workers are located, PEOPayGo ensures that your business will remain in compliance with those laws.

 

2. Streamlined Payroll Processes

Beyond remaining compliant with state and federal regulations, a streamlined payroll process is essential to keep employees happy and your company thriving. PEOPayGo’s platform simplifies the entire process, from onboarding new employees and time tracking to tax filings and benefits management. Automating your payroll processes with the help of PEOPayGo also ensures that it’s done accurately and on time.

 

3. Expert Support

The team of experts at PEOPayGo is always available to help with what you need—whether you’re unsure of how to handle an employee moving to another state or you’re trying to understand varying wage laws. When you partner with PEOPayGo, you’ll receive the support you need as a small or medium-sized business.

 

Simplify Payroll with PEOPayGo’s Multi-State Expertise

Managing payroll across multiple states can be complicated, and as a small business owner, you likely have a lot on your plate already. It can be difficult to keep track of varying wage laws by state, especially when rules and regulations are constantly changing.

 

When you work with PEOPayGo, you can rest assured that your business will remain compliant with state and federal regulations when it comes to payroll. Not only will you receive compliance support, but you’ll have streamlined payroll processes to help your organization simplify and thrive.

 

If you’re a business owner or HR manager with multi-state or remote employees, reach out to PEOPayGo today to get the payroll support you need.

 

Contact us today to get the coverage and support you need!

Why should you pay more when you don’t have to? Overpaying for anything is never a smart thing to do.

 

 

Knowing what wages are subject to workers’ compensation insurance can save you money on coverage premiums. If you don’t record all the wages that are covered by workers’ compensation insurance, you’ll have a big bill to pay when your policy expires.

 

 

Because? Despite that, he is underpaid for workers’ compensation coverage.

 

 

In other words, what wages are covered by workers’ compensation?

 

 

Here’s what you need to know about wages  compensation insurance  if you don’t want to pay a substantial lump sum.

¿Qué Son Las Clasificaciones Salariales?

To understand why this information is so relevant when it comes to calculating workers’ compensation insurance premiums, let’s describe the wages on your payroll that are included (and excluded).

When you purchase workers’ compensation insurance, you are usually provided with an estimated premium payment.

Premiums are generally calculated using variable factors, such as wages.

Paid time off and bonuses are also considered.

¿Qué Salarios Cubre El Seguro De Workers' Comp?

Knowing the different types of wages subject to coverage allows you to calculate your premiums as a result of:

-Wages and salaries, including back pay

-Overtime paid at the employee’s base rate

-PTO includes holidays, vacations, and sick days

-You can also pay commissions to your employees and withdraw from their commissions

-Bonus plans that include stock bonuses

-Employer payments

-Payments to employees outside the time worked

-Payments for hand or power tools

-Accommodation in apartments or houses

-Accommodation

-Foods

-Store certificates, merchandise and credits

-Payments for salary reduction, retirement or cafeteria plans

-Davis-Bacon wages

-Annuity plans

-Payment for commercial filming

-Employee reimbursements

¿Qué Salarios No Están Cubiertos El Seguro De Workers' Comp?

On the other hand, some wages are not subject to workers’ compensation insurance, including:

-Tips for employees

-Employer payments to group insurance plans or pension plans, and third-party pension trusts

-Particular rewards

-Payments for dismissal or severance

-Active military service pay

-Discounts for employees

-Dinner payments

-Work uniform stipends

-Sick pay to an employee

-Employer-provided benefits

-Employer contributions to salary reduction

 workers’ compensation insurance audit may exclude reimbursed expenses and the cost of equipment that protects your employees from injury on the job (except hand and power tools) if all three of the following apply:

-The expense was necessary to operate the business

-Your accounting system shows and records the expenses of an individual employee

-The expenses you recorded for each employee match the total reimbursement for that employee

¿Los Beneficios Del Seguro De Workers' Comp Dependen De Los Salarios Brutos?

Your gross wages determine your workers’ compensation insurance.

 

 

All earnings, including paid time off and earned wages, are included in gross wages.

 

 

Depending on the state, workers may receive a pre-tax percentage of wages when they receive claim payments.

 

 

Workers in Washington, for example, receive 60 percent of their gross monthly wages through workers’ compensation insurance.

 

 

Spouses receive five percent, while dependent children receive two percent.

¿Quién Está Cubierto Por El Seguro De Workers' Comp?

Although workers’ compensation insurance laws differ from state to state, most employers are required to provide their employees with workers’ compensation insurance.

The requirements of a company vary according to its nature, size and the type of work that its employees perform.

You should be aware that each state defines a covered employee differently. You can visit FindLaw to find out who is covered by workers’ compensation insurance in your state.

¿El Seguro De Workers' Comp Cuenta Como Un Gasto De Nómina?

El seguro de compensación para trabajadores es un gasto de nómina, otro costo de hacer negocios.

 

Su declaración de ingresos generalmente incluye los costos de la cobertura.

 

La renta tributaria suele ser lo que queda después de los gastos.

La Prevención Es La Clave Para Evitar Accidentes

Usted puede ahorrar dinero previniendo accidentes antes de que sucedan, mejorando la moral de los empleados y reduciendo los costos del seguro al prevenir lesiones antes de que sucedan.

 

Sea proactivo si aún no tiene un plan. Como aseguradora líder para pequeñas empresas, PEOPayGo es una excelente opción.

 

Como Organización de Empleados Profesionales (PEO), P.E.O.PayGo lo ayuda a obtener su Seguro de Compensación de Trabajadores, paquete de nómina, recursos humanos, además de realizar todas las funciones agotadoras de una pequeña empresa, mientras ahorra tiempo y dinero.

 

Deje que nuestro Instaquote haga todo el trabajo, no necesitamos mucha información y solo toma 2 minutos. Nuestro software hace todo el trabajo por usted.

 

¡Prepárese, esté listo y cubierto ahora!

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