Payroll tax

The Minimum Wage & Social Security

Congress is again being called on to raise the minimum wage. In fact, some 664 economists, including Nobel laureates Kenneth Arrow, Clive Granger and Robert Solow, have signed a petition prepared by the Economic Policy Institute to show their conviction. Business Week reports their plan is to raise the current minimum wage of $5.15, over several years, to $7.25 an hour. The wage should also be indexed for inflation. The last time the minimum wage was raised was in 1997, but inflation has eroded any benefits or purchasing power of that wage by some 20 percent, according to Business Week.
Tax

SOX Compliance Can Transform Payroll Management

Time tracking in today’s service businesses is central to understanding costs, to the billing process and tracking salary information or paid leave, all issues with important Sarbanes-Oxley (SOX) implications, according to Curt Finch , writing for ecommercetimes.com. The Human Resource payroll professionals need to understand how their functions can lead to risk or greater profitability for the company as a whole.

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