Monday, September 24, 2012

10 Ways to Save Money and Pay Off Debts

This could be you
if you don't regulate your
spending!
It is now considered “normal” to live paycheck to paycheck. This leaves no room for error, or in the case of a surprise bill, is a ticking time bomb. We're getting to be just one accident away from financial hardship. Most of the time that looming over our heads is a form of poverty in itself.

On average, a normal American family has a little under $4,000 in the bank. There is no retirement account in half of our households. The other half has only around $35,000 saved for retirement. The average family makes roughly $45,000 a year, but carries with them a $2,000 credit card debt.

A quarter of the American family not only is devoid of retirement savings, but any savings at all. On average, though, the American household has over $100,000 in debts. All together we as a people hold $2 Trillion dollars in debt! That's $2,000,000,000,000!

With this kind of debt building up for our hard working families, we all need to put a handle on our spending, and work towards paying off this huge, ever-present, and increasing debt. I hope these 10 spending suggestions can help us actually start saving for retirement and/or help us pay off all the debt we've been accumulating for far too long!

Don't only have a rough estimate of where your money goes. If you don't sit down and actually inventory all of your spending, you're probably spending more than just a few bills you can name offhand. If you're not a fan of just sitting down and writing down all your expenses through at least 3 months, there are apps and websites you can visit to type up a spreadsheet or work on your finances while you're busy running around. Working towards savings has to start with building your budget, I just hope you're not plugging numbers in while driving!

Don't spend more than your budget allows. After you've made your budget, look back over those expenses, and start “trimming the fat.” No matter how much or how little you make, chances are you can save more by just changing your spending habits. Remember that there are people out there living off of LESS than you are right now, so there is always something you can cut back on or realize you don't need at all. 
 
Don't spend on impulses. Late night infomercials and the home shopping network are completely evil the vast majority of time they are on. A good rule of thumb is to try and see yourself still wanting this item after a week. Trust me, you will still be able to find it, no matter how many times the salesman says, “Supplies are going fast!” This brings me to my next topic...

Don't be swayed by salespeople or their sales pitches. Companies and businesses spend millions on advertising and sales psychologists, all to make you think you want their product. When someone says buy 1, get 1 free, you have to think of the price of the goods and how much they're charging. The best value may be just to skip out on the product.

Make sure you shop around. There are a lot of companies who fight for your allegiance. In order to win the war of your hard-earned money, many are prepared to offer you the same great service for less than others. It is in your best interest to shop around to make sure you're not overpaying for something that someone else will give you for a cheaper cost.

Avoid high-interest rates at all costs. It is imperative that any debt you accumulate has to be put in the lowest interest possible. Most credit cards have interest rates of 15-30%, but have a 0% introductory interest rate to get you hooked. If you can pay your debts off in that introductory period, take advantage of the low interest, otherwise it's just another sales pitch that won you, and your money, over.

Keeping a balance on your credit cards. If you get stuck in this hamster wheel, it is often very hard to get out of. Each month that you pay on this credit card, another round of interest will count against you, until you end up paying more for your interest than the actual debt! Avoid this trap at all cost.

Carrying a credit card balance with high interest rates. When you carry a credit card balance, you pay a high rate of interest. Every month that you have a balance, that is another month that you have to pay interest that does nothing for you. This trap is a vicious cycle that continues to spiral you down deeper into debt.

Living beyond your means, such as an expensive house you can't afford. Everyone involved in selling and financing houses are trying to make you buy the house. It is as simple as that. They don't have to pay the bills, but they assure you that you can afford it. They just want to make a sale. They don't care about YOU or how you will make the payments. If you can't make the payments, and you have to foreclose or get more loans to pay it off, they win.

With property and houses continuing to lose value, salespeople are in a greater rush to get someone else to pay for those places. They may make you think that your home is worth sacrificing everything now and making you poor in every other facet in your life, but you must resist their sales pitches. Don't make a rash decision that will hurt your financial situation in the long run. It's better to have a smaller home and the ability to furnish it and enjoy your life than to have a big home and a mountain of debt it's built upon.

Don't use your home equity loan to pay off any other debts. Many lenders will try and sell you on this scheme to pay off other things, when in reality this only compounds your debt. This will only work if you stop making more debt on things like your credit cards. If you continue to swipe your cards you will have to borrow more from your home equity, which increases your monthly payments. Just like the above point, this is a sales pitch to make you pay the creditors more money. This is a great option if you use it in emergencies, but only if what your paying off will stay away forever, leaving you to pay back what you borrowed with the extra income. Make sure you plan ahead and use caution with this method.

Using careful planning and real expectations from your financial status are the only real ways to prevent going in to debt. If it means sometimes you have to sacrifice certain things and not be able to keep up with the times or have the latest gadgets, it will be better in the long run than having credit card debt for 20 years on a product that will go out of style in under a year. It can be very hard to practice patience and discipline in this world of reckless spending, but the benefits outweigh the negatives of becoming a victim of debt.


Sources:
Images: FreeDigitalPhotos.net

Other articles about money:  

Payroll Builder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Please leave a comment if you have any other information on ways to save money and get out of debt!

Monday, August 27, 2012

Payroll Gender Differences(Infographic)



Infographic provided by:
http://www.joselise.com/wp/2010/10/19/payroll-by-gender-infographic/

This infographic shows the difference in payroll between the sexes in the U.S.

More articles about payroll:
10 Types of Payroll Fraud
10 Tips to Get a Bigger Salary
Infographic: Explaining the Payroll Tax Cut to Small Businesses
Baker's Dozen of Common Payroll Mistakes
Infographic: Payroll And Tax Deductions

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Friday, August 10, 2012

Wasted Time in the Workplace Infographic

Wasted time in the workplace is a massive problem. How big is exactly unclear, but from our research, the cost to business is in the millions (if not billions) in lost productivity every year. The infographic below explains just how much time we waste at work, the ways we waste it, and how businesses are grappling with the issue. The results are surprising, if not alarming:
Click on the image below to view the full infographic

Time Management Software
Time Management Software
 
Payroll Builder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Please leave a comment if you liked the infographic!

Friday, August 3, 2012

10 High Paying Jobs With High Satisfaction

Visit our payroll website
People are generally happiest in their jobs when they do something fulfilling or that they are passionate about. Confucious says, "Choose a job you love, and you will never have to work a day in your life." Love doesn't run the world though, money does(unfortunately.) All of these jobs listed not only pay very well but also have reportedly high satisfaction ratings.

User Experience Designer
Average Annual Pay:$79,100
These specialized designers are the ones behind the user interfaces and other elements that make the things we interact with every day more "user friendly." This can be anything from making a website more visually appealing to making your car's buttons and dials easier to distinguish and operate.

Since this job usually has you running the show, you don't have to worry about the stress of doing things you don't want to do. Sounds like a great career to me!

An example of your work as a Designer
Interior Design Director
Average Annual Pay:$79,300
Good interior design has become a staple in almost every building that has people in it! It has been shown that great interior design contributes to increased productivity, market value, and personal well-being. This career is rapidly growing in popularity and competition, so be ready to put your best designs forward and stick to your guns.

Using your design talents on a daily basis and enriching people's lives through your creations is a great feeling. Take a career in design and you can feel that every day you go in to work. Not a bad salary to top it off, either!
Need a payroll program?

High School Principal
Average Annual Pay:$82,200
Principals often get a bad rap for being all fire and brimstone, but not only keeping the students in line in addition to supervising the faculty AND keeping the parents happy is a monumental task. There are several hoops you have to go through to attain this position, but the job can be very rewarding if you are personally invested in your community and are eager to shape young peoples' minds. This job should be in very high demand within the next couple of years, because most principals will be retiring.

Aeronautical Engineer
Average Annual Pay:$82,800
Ever since the sad tale of Daedalus and Icarus was told right up to when the Wright Brothers learned how to show humans can fly, people have been around to try to expand on this phenomenon. Only for a little while in Human history has this career been given a proper name: The Aeronautical Engineers. These inventors of the world have been hard at work to modernize that same effort. If you share this timeless passion you can join their ranks, and continue the legacy that Humankind has been trying to attain since the events have been recorded and passed down through generations.

Economist
Average Annual Pay:$85,600
If you're a number-cruncher and you love organizing and quantifying things, you may have a calling to be a natural Economist. People value things like their money, the world's natural resources, and even how they spend their time so much. Enough to hire someone and pay them to predict what may hold for those items and others. This is one of the cushiest government jobs you can get, and one of the most important for preventing global starvation or thirst, or predicting the crash of our economy. All in a day's work for the everyday economist!
If this is your passion, go for it!

Nonprofit Organization President
Average Annual Pay:$89,500
Being not only in charge of a great cause, but also leaving a great impact on the world are just two of the great achievements you strive for every day being president of a nonprofit organization. The other benefit is you receive just under 6 figures of income!

Materials Scientist
Average Annual Pay:$90,600
People who find alternatives to the toxic chemicals we use every day are at a premium. If you have an urge to find out what things are composed of and are great at thinking outside the box. If you have a strong affinity for making new products and finding new uses for things that most people would throw away, you might be able to make a great living off of that passion!

Optometrist
Average Annual Pay:$99,200
In this field you'll be finding out peoples' vision problems, and helping with eye-related diseases. With people staring at computer screens all day, the Optometry field is booming, and with a good work ethic you can get a piece of that lovely pie.
Helping people is awesome!

Nurse Anesthetist
Average Annual Pay:$152,000
In addition to a 6 figure pay salary, you get the personal satisfaction of helping people deal with pain, and getting them relief from it. Your job is well structured and you are always in demand. Definitely a great field if you want to make money but also help people who are hurting!

Accounting Firm Partner
Average Annual Pay:$164,000
This job is great for people who like numbers but want to make more than an accountant. You must pass a special exam to become certified, but when you do, you'll be plunged deep into a field of study that is rapidly growing. The pay doesn't hurt, either!


Sources:
Other Articles About Jobs:

Payroll Builder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Please leave a comment if you have any other information on these careers or general career advice to our youth and those that are looking for a job that pays well and leaves you feeling well!

Thursday, July 12, 2012

How to Choose a Career That Is In Demand For Your Future

I personally would have loved to have a compendium like this whenever I was choosing my career. Rather than research careers that were in demand at the time, I chose to go to college for what I love: art. Since I am not preparing french fries or flipping burgers (jobs are at a premium now, so I am not devaluing people in the food industry) I consider my Bachelor's Degree in Graphic Design well spent as it gave me a job as a webmaster. My student loans are paid off (thank God I won't be paying them until I'm retiring) and I can focus on paying for my daughter to live well and be taken care of.

It is becoming increasingly difficult to find a career that will give you job security in this shaky and volatile job market. Layoffs are happening all the time. Making a choice for not only the present, but the future as technology becomes more advanced, is a daunting task. In order to aid you through your own career-building process, I have researched several websites and found the college degrees that are in highest demand, the fastest growing industries in our society, this years most in demand careers, and ten skills that are in highest demand in computer and technology-based fields of study.

The Top 5 College Degrees In Highest Demand
  1. Business Administration:
    starting salary: Associate's: Human Resources $49,821
    Bachelor's: Project manager, Construction $76,908
    Master's: Health Care $111,477
    PhD: Doctor of Philosophy in Organization and Management $150,000
  2. Engineering:
    starting salary: Electrical Engineering: $103,350
    Chemical Engineer: $106,670
    Aerospace Engineer: $108,750
    Oil and Gas Engineer: $157,480
  3. Computer and Information Sciences:
    starting salary: Associate's: $30,000
    Bachelor's: $50,000
    Master's: $60,354
    PhD: $98,179
  4. Accounting:
    starting salary: 0-1 years experience: $45,500
    1-3 years: $54,750
    Senior: $68,250
    Manager: $82,500
  5. Economics:
    starting salary: Associate's: $48,483
    Bachelor's: $57,000
    Master's: $80,000
    PhD: $96,000
Top 5 Fastest Growing Industries
  1. Management, scientific, and technical consulting services
    Growth: 83%
    Degree Examples: Management Program Human, Resources Degree, Environmental Science Degree
  2. Source
    Services for the elderly and persons with disabilities
    Growth: 74%
    Degree Examples: Human Services Degree, Social Work Degree
  3. Offices of physical, occupational and speech therapists and audiologists
    Growth: 56%
    Degree Examples: Physical Therapy Degree, Occupational Therapy Degree
  4. Data processing, hosting, and related services
    Growth: 53%
    Degree Examples: Computer Science Degree, Networking Degree, Systems Administration Degree
  5. Home health care services
    Growth: 46%
    Degree Examples: Nursing Degree, Adult Health Nursing Degree, Nurse Midwife Program
Top 5 In Demand Careers In 2012
  1. Office Careers
    All businesses need administrators, and it's your job to keep the office working at maximum efficiency. Choose your office carefully, and gain as much professional work experience as you can to improve your earnings.
    Example Degrees: Business Administration, Medical/Clinical Assistant, Administrative/Executive Assistant
  2. Healthcare Careers
    There is not enough healthcare, so there will always be a demand for healthcare careers. If you want to skip medical school enroll in the nursing program. There are also more technological positions, and a degree in ultrasound tech, medical billing, and radiologist technology are all needed in our hospitals.
  3. Technology Careers
    With our dependance on technology being so prevalent across all forms of business, this career is almost guaranteed to be around for a long time. You can be introduced to this career even earlier than a 4-year degree by applying at a trade school or technical college.
  4. Creative Careers
    Over the years art and technical jobs have been merging. Graphic designers(like me) are in more fields of work than ever before. We don't just do graphics work now, we also do websites and information technology. In order to stay more in the artist and conception parts of graphic design, outsourcing and freelancing has become the staple of graphic designers' income.
  5. Sales Careers
    If you're a people-person and have a knack for public speaking, a career in sales may be right up your alley. There will always be a demand for people with, “the gift of gab” to sell a company's merchandise or services. A marketing or merchandising degree will be a great way to get some reputation, but most salespeople will tell you, “you either have it or you don't.”
Top Ten Skills In Demand For Technology Jobs
  1. Java/J2EE Developers
  2. Software Developers/Engineers
  3. Mobile Developers
  4. Net Developers
  5. Project Managers
  6. Web Developers
  7. System Engineers/Administrators
  8. Network Engineers/Administrators
  9. SAP Professionals
  10. Business Analysts

Use this knowledge wisely, and make sure when you make a decision about your career you're serious about it. Confucious once said, “Choose a job you love, and you will never have to work a day in your life.” Make sure you choose something you're prepared to do for the rest of your life, and always do your best at whatever you do. Most things in life don't have do-overs.

If you liked this article, here's another about work and jobs:

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Please leave a comment if you have any other information on these careers or general career advice to our youth and those that are looking for a new career!


Thursday, July 5, 2012

10 Types of Payroll Fraud


Unfortunately there are many types of fraud your employees(and supervisors) have been discovered using over the years through the daily punch of the time clock. The scariest part is this list is by no means comprehensive, as there could be other forms of fraud that employers may have not even discovered yet. Don't let your business fall victim to these crimes, and make sure anyone you find using these questionable business practices are disciplined or replaced to prevent further fraudulent actions. The good news is most of these can be prevented with accurate record keeping and proper employee and managerial rotations.

Not Paying Back Payroll Advances
Even if you legitimately forget about your payroll advance, it's considered stealing and fraud to not pay it back. No one on your payroll can get away with this if you keep proper records whenever an employee is granted an advance. Repayment must always be closely monitored as well to make sure the debt is paid in full. With proper staffing practices and recording methods, this form of fraud is easy to find and rectify.

Buddy Punching
Worry about this employee too, though!
Source



This is one of the methods of fraud that require a buddy(This isn't Fight Club buddy punching though, so don't look for your employees coming in with cuts and bruises.). The practice involves sharing personal information in order to clock each other in at times they wouldn't normally be able to log in themselves. A review of the time sheets and getting an actual head count on days you may suspect an employee isn't where they should be is an easy way for your manager or supervisor to find culprits and accomplices in this type of fraud. If you choose to keep them on, threat of termination is usually enough to quell further attempts at buddy punching. Make sure you identify all who are involved as well, to make sure no one else is pulled into the fraud scheme.

Ghost Employees
Need Afterlife Insurance? Source
No, Patrick Swayze hasn't joined your company, but if you don't keep up with how many employees you have or audit your payroll records, he might as well be. This form of fraud is masterminded by the payroll staff. Either they continue to log hours for an employee who has left the company, or they make a fake person all together then collect the accrued “work” said ghost employee has “logged.” Larger companies with more staff and a reduced manager-to-employee ratio have a harder time discovering a ghost employee. Always keep good records of your payroll, and watch even more closely when a supervisor has yet to be replaced in the event of a sudden leave or firing, as a greedy payroll staff member will use this as a prime window to reap extra funds from your business.

Pay Check Diversion
This form of payroll fraud takes place when one employee takes a paycheck from one of his co-workers when they are on sick leave or other forms of absence. Make sure you keep paper checks in one area, preferably locked in a safe with only trusted members of payroll and yourself allowed access. Presenting identification to receive a check and a proper sign-in sheet are also affordable ways to prevent pay check diversion.

Pay Rate Alteration
Your payroll staff are the gatekeepers to your funds, and this is another form of fraud they can subject you to. It involves an employee persuading the payroll clerk to increase their hourly wages to inflate their check. Often times your more savvy payroll manager will return the pay rate to normal after the fraud is committed. An after-payday payroll audit is a great way to find these types of fraud, as most payroll systems log such changes for further review in the future. The specific register and thus, the payroll staff member who authorized the pay increase, will be revealed for proper prosecution or discipline.

Unauthorized Claiming of Hours
This is one of the more common types of payroll fraud, rightly so because it is one of the harder ones to detect. This happens when employees fluff their time sheets by several means, including but not limited to, reducing lunch break times, increasing time before or after work, or sneaking breaks without clocking out. Make sure your supervisors are thorough in their review of employee time sheets, and this “siphoning” of your funds can be reduced greatly.

Exaggerating Sales Commissions or Figures
Make sure that your employees that have the highest commissions are becoming that way legitimately. If the commissions are logged by employees, do follow-ups on what they sold and how much they claimed. The frequency and size of the commission may also be tampered with, so make sure what your employee logs is accurate to what they actually acquired for your company.

Workers' Compensation Fraud
Busted! Source
No industry is safe from this type of fraud. Employees will attempt to fake an injury, such as a neck, back, or joint problem to falsely claim money from you and your insurance company. This can cause you to lose thousands quickly, and can cause unwanted raises in your premiums if left unchecked. Make sure your employees claiming these injuries were truly injured at work, either through camera surveillance or by supervisor witness. Sometimes employees will work together to perpetrate these “injuries,” so be cautious and thorough.


False Expenses or Exaggerated Expenditures
Don't let this go on the company card!
Source
This is for your employees who may go out on the road a lot or any other time they are given a company credit card for expenditures. They may use the funds for false expenses or exaggerate how much an item actually cost. Make sure your employees keep track of all receipts, and watch for counterfeit or fake receipts. This can be discovered by talking to your credit card company, or calling the establishment that the transaction was said to have occurred at.

Employee and Supervisor Time Sharing
Whenever an employee and supervisor form an alliance in order to commit fraud, it may be hard to discover. The most common type of this sharing is when an employee records extra time to get overtime pay, and splits it with his superior who approved of the overtime. This is why proper employee and supervisor rotations are necessary, as is a strict system for overtime approval.

Keep in mind as technology increases, it doesn't always help identify fraud. Sometimes it gives employees new avenues for which to prey on your business. Setting an example to anyone who is found committing fraud is critical in prevention, as is keeping proper records and regularly checking them yourself. Only you care as much about your business as you do, so make sure your employees know they will not be allowed to cheat you. There are a lot of people our there who want a job and will do a good job for you, so don't keep an employee who is stealing from you.

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Leave a comment if you know another way that employees have found to commit fraud, or tell us about a better way to prevent these types of fraud from happening!

Be sure to check out my other articles on fraud and theft:

Wednesday, June 6, 2012

10 Tips to Get a Bigger Salary

I hope this article helped you get a higher salary!

Everyone should be thankful for the jobs they have. For those of us in the few careers that are still in demand, you should know how much you are worth. During the interview process we often believe, “You take what you can get.” which is not a bad mantra, but there's another one that rings just as true, “If you don't ask, how do you know they would've said no?”

Those that aren't afraid to ask continue reading, because contained in this article are ten tips that may get you an increased salary than what you were originally going to get! Companies are still in the game to make money, and these tips may help you get a bigger cut of those greenbacks that make the world go round.

  1.  Research your career:
    Search the internet and find the average industry pay scale of your future position. Also take some time to see how much the company you're applying for pays their employees. Some companies only hire from within for higher positions, so you may only be able to get an entry-level position. Using the internet average of what you should be paid, make a minimum expectation on what you want to be paid. If the company isn't prepared to pay what you want then you're just wasting time attending the interview.
  2. Know how much you're worth:
    Determine your demand in other areas and consider that a selling point. You can say something about it if you need extra ammo, but don't be a cocky smart ass. Don't be afraid to tell them you're interviewing with other companies as well. It might even help if you tell them some strong competitors in their fields, to see if that may weigh in your favor.
  3. Practice, practice, practice:
    You can never anticipate how an interview or negotiation will go, but that shouldn't stop you from checking all the angles. Think about different personality types and how they would react to your own, and prepare responses for each way these “bosses” may react. Making sure you're not caught by surprise will help you keep your head in the game. A famous boxing quote is, “Everyone has a game plan until they get hit in the face.”
  4. Keep the glass half full:
    Don't go into the meeting with anxiety or nervousness. Don't already come in the room defeated or expecting defeat, or you may get it. Don't be trapped in the presumption that you deserve less than you think you do because it will be easier to get hired. Don't settle, and exude confidence. Put your chest out, keep your posture and speak clearly. Maintain eye contact and keep a relaxed, yet confident smile on your lips when you're not speaking.
  5. Put your best foot forward:
    Make sure you tell them your achievements when they ask about your last job. Make sure you use facts and figures when you talk, so you sound more reputable. Make sure you list anything that saved your company money, increased efficiency, or anything else that would make a positive impact on your past employers. Speaking to your future boss this way will make them think more highly of you and what you bring to the table. Anything you can say that will make them see you as an asset will make them spend top dollar to have you.
  6. Don't pigeon-hole yourself:
    Anything on the application that asks you how much you expect to make, leave blank. Also omit any salary expectations from your cover letters or emails. There's no sense in putting down you want to make $50K if your boss was preparing to offer you $75K.
  7. Don't be the first to bring up salary:
    Be patient...I know your first instinct is to jump at the chance to name your salary. Just don't. If you're forced to say a figure, tell them an amount but insist it's not set in stone. Don't go on too much, either. Say what you have to say then go back to listening.
  8. Keep your poker face on:
    You just got the offer of a lifetime. Inside you're bouncing around your head with joy and excitement. This will sound completely strange, but hold it in. Don't respond until you've counted to ten in your head. Your silence will speak volumes for you, and if they considered their offer low, they may bump it up to make you respond. Pat yourself on the back later.
  9. Don't go overboard:
    This is where research is most important. If you know they're shorting your salary, don't be afraid to just walk away. If you're not confrontational and just dismiss the offer, you'd be surprised how quickly they may call you back with a better offer. However, on the other side of the coin they may hire someone else if you turned down a reasonable offer because you were greedy and wanted more money than what your position is expected to get.
  10. Roll with the punches:
    Depending on how bad you need the job, you may want to consider the introductory-level salary. Make sure they offer some form of compensation in the form of employee benefits or additional perks for your achievements. You may not get as much money as you wanted, but if you get a sweet parking spot and full health and dental, that may be just as good or better. Get anything they say you're entitled to in writing, and make sure you ask about how often the company raises salaries. Make sure you come out with what you want, and you were successful in your negotiation!

This may be more of a supplement to #4, but make sure you're confident and believe in yourself. You can't expect anyone to believe in you if you don't first believe in yourself. Be prepared to perform any tasks that may be required of you, and you will have a better chance at that dream paycheck you've always wanted. Good luck out there, everyone.



TL;DR: Be prepared, be awesome, and don't be greedy. These facts(with a little debonaire) will help you get what you think you deserve for a salary!

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Tuesday, May 29, 2012

Facts and Statistics about Employee Theft


You wouldn't think that people would “Bite the hand that feeds them.”, but that very phrase has become a grim reality...To the tune of about 994 billion dollars being reported as employees stealing. What is even worse is that theft by employees is rising, and no one is immune to the sting as workers are lured into theft of not just pencils and paper clips, but even electronics and office equipment. Time theft is another dangerous trend in the workplace, and it is becoming a driving force in Federal and private investigations around the country. I have assembled a lot of facts and figures, and some of the numbers that employers have claimed are staggering...

Office Theft:
  • Large companies have seen a 27% increase in internal theft.
  • 7 percent of their revenue is being lost to fraudulent activities annually!
  • Management accounts for up to 37% of all frauds recorded.
  • It takes about 2 years to detect office fraud.
  • An average of 1 out of every 30 retail employees are arrested for theft at the workplace.
  • Of all the employees recorded, statistically men steal more often and steal more. Men stole an average of $250,000 and 59.1% of the men surveyed said they stole from their employers. Women were much less at $110,000 and only 40.9% fessed up.
  • Education levels were a surprising factor as well, and while the employees with the highest degrees were least likely to steal, they took the most at a time.
  • The U.S. Chamber of Commerce reports about 75% of employees steal from the workplace and most do so repeatedly!
  • One third of bankruptcies in corporate America are directly caused by employee theft.
  • 20% of every dollar earned by a U.S. Company is lost to employee theft.
  • 60% of inventory losses are caused by employees.

Time theft can destroy your company's productivity...and Profits!
Time Theft:
  • The Boston Globe and Denver Post report that “time theft” and loafing cost U.S. companies over $400 Billion a year in lost productivity.
  • Employee time theft costs as a result of buddy punching, early or late arrivals, and long breaks or meals are estimated to be $98 billion in the U.S. alone.
  • Time spent surfing, shopping, or just checking up on their Facebook can steal enormous amounts of billable time.
  • Late arrival or early departure.
  • Taking long lunch hours and breaks.
  • Requesting paid sick days for inappropriate reasons.
  • Slowing down the work pace to create overtime.
  • Excessive socializing and personal telephone calls.
  • Handling personal business while at work.
  • Using Company time and facilities to operate another business.

Time theft is not confined to any one type of person or industry. It applies to “white
collar” and “blue collar” employees in every type business, institution, profession and
governmental agency. It occurs in every organization with a payroll.

Sources:

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. To employers who have workers out on work sites, with a single purchase you can have your employees clock in from their phones and you will be alerted to where exactly they where when they clocked in. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!


Wednesday, May 23, 2012

Infographic: Explaining the Payroll Tax Cut to Small Businesses

What Small Businesses Should Know About the Payroll Tax Cut Extension [INFOGRAPHIC]
via: What Small Businesses Should Know About the Payroll Tax Cut Extension [INFOGRAPHIC]

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Monday, May 21, 2012

Baker's Dozen of Common Payroll Mistakes

Though not as tasty, these payroll mistakes can cost you a lot more than the cost of these diabetes-inducing pastries.

Everyone makes mistakes, but in payroll it seems like there are a lot of mistakes to be made. Below is a list of 13 of the most common payroll mistakes I have seen and compiled them into a single list. I hope they are helpful to you and can help improve your own payroll system for your business!

  1. Not backing up your system: Since the person who manages your payroll is most likely human, you can rest assured they will not be able to work every day. Make sure that you have some means of still operating your payroll program without them. You also need to have a manual means of recording payroll in the event of a technological malfunction.
  2. Failure to Issue 1099's: When hiring a vendor or independent contractor, it is important to remember if you pay them more than 600 dollars for their services, they have to file a 1099. Harsh penalties are subject to anyone who doesn't provide this form, as it is an integral part of your outside employment and tax records.
  3. Incorrectly Classifying Employees: Making sure that your employees are correctly classified is imperative to not only keeping good tax records, but different employee types are subject to different payments and/or benefits packages. Make sure you adhere to all your state and federal laws in regards to how your employees are classified and structured within your business.
  4. Improperly Labeled Independent Contract Workers: Labeling all your employees independent contract workers is not a good way to avoid giving them compensation. The status of employment is also watched closely by the IRS, and improperly labeling employees is a good way to get audited and can greatly impact your worker's income taxes and tax withholding.
  5. Exempt or Non-exempt?: Employees who are classified as exempt are not required to accumulate overtime. Simply putting an employee on salary does NOT exempt them from overtime. Classifying an employee's status requires you to be familiar with federal and state laws, and can be different for different jobs.
  6. Excluding Travel and Commuting Expenses for Employees: As a general rule of thumb, traveling and commuting expenses accrued are not considered taxable income to a subordinate. If said employee is traveling to a work site not located in his permanent residence, however, than his travel and commuting benefits will need to be provided.
  7. Miscalculating Unemployment for State Taxes: Being late or miscalculating your state's Unemployment Taxes can cost your business its unemployment tax credit, which can be up to 5.4%. You can also face a lawsuit if notice is not provided for employees who have been laid off of their unemployment benefits.
  8. Improperly Recording Overtime: There are state and federal regulations on overtime pay. It is not limited to 1.5 times the hourly wage of the employee and may carry even more calculations to be accurate.
  9. Security for Employee Paychecks: Technology has helped make businesses big and small be more self sufficient and have more advanced tools for their activities. This same technology is being used to cheat you in some situations as well. Check fraud is a very real occurrence, and you have to make sure your business is protected by way of watermarks or any other kinds of security paper methods. Because of this fact more businesses are paying their employees through direct deposit, which bypasses the paper method of fraud completely.
  10. Mishandling Employee's Debts from Wages: It is vital to withhold any type of wage garnishments, tax levies, child support, or any other court-ordered paycheck withdraws. Be sure you confirm with the state that is ordering the payment that you are deducting the employees check correctly.
  11. Lack of or Unsatisfactory Record and Data Acquisition: Almost 2% of all total payroll costs are contributed to errors in record-keeping. The Internal Revenue Service demands you retain four years of records at least, and some states require even further archiving.
  12. Not Properly Recording Taxable Items: Federal tax laws requires you to consider prizes and awards fringe benefits subject to income and employment tax withholding. Gift cards are considered as cash and should never be excluded from taxable wages.
  13. Not Meeting Timetables for Taxes: Depending on how late a company is on reporting their taxes, they may be subject to late deposit penalties and interest rates. Depending on how late the tax payments are, the range can vary from 2% to up to 20%
Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Wednesday, May 16, 2012

Arkansas Top State Salaries 2011

Taken from: http://www.arkansasonline.com/right2know/statesalaries/

This database contains salaries of employees from all state agencies as well as public universities and colleges. The information for employees making less than $100,000 was collected through Freedom of Information Act requests filed in October 2011 and reflects employee data from the 2011-2012 fiscal year. Salaries of $100,000 and more reflect information collected in February 2012. Salaries and compensation are only shown for those earning more than $37,823, the equivalent of $18.18 per hour, the median household income level in Arkansas as determined by the U.S. Census.


Text Version:

Name/Institution/Position/Pay
Bobby Petrino/University of Arkansas-Fayetteville/h. football coach/$2,985,000.00
Mike Anderson/University of Arkansas-Fayetteville/h. basketball coach/$2,200,000.00
Gus Malzahn/Arkansas State University – Jonesboro/h. football coach/$850,000.00
John D. Day/UAMS/chair, neurosurgery/$648,327.00
Richard Hampton Turnage/UAMS/chair, surgery/$630,129.00
Michiaki Imamura/UAMS/chief, cardiovascular surgery, CH/$629,838.00
Daniel Rahn/UAMS/chancellor/$612,000.00
Stephen Canon/UAMS/chief, pediatric urology, CH/$575,000.00
Thomas G. Pait/UAMS/prof., phys./$550,000.00
Richard Nicholas/UAMS/chair, orthopedics/$524,581.00
Curtis L. Lowery/UAMS/chair, ob-gyn/$511,163.00
Philip J. Kenney/UAMS/chair, radiology/$501,000.00
Samuel D. Smith/UAMS/prof., phys., CH/$490,000.00
Tom D. Collen/University of Arkansas-Fayetteville/h. bskball coach/$485,034.00
Christopher T. Westfall/UAMS/chair, opthalmology/$485,000.00
Vaneerat Ratanatharathorn/UAMS/chair, radiation oncology/$482,864.00
Debra H. Fiser/UAMS/dean-College of Med./$481,185.00
Paul Vincent Petrino/University of Arkansas-Fayetteville/offensive co./$475,000.00
Paul J. Haynes III/University of Arkansas-Fayetteville/defensive co./$475,000.00
Jeff Long/University of Arkansas-Fayetteville/VC-athletics/$475,000.00
Frederick R. Bentley/UAMS/prof., phys./$467,000.00
Richard J. Jackson/UAMS/prof., phys., CH/$452,000.00
Gregory W. Albert/UAMS/asst. prof., phys., CH/$450,000.00
Carmelita S. Pablo/UAMS/chair, anesthesiology/$437,000.00
Robert Todd Maxson/UAMS/assoc. prof., phys., CH/$432,400.00 


This news brought to you by Payrollbuilder.com.

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!


Monday, May 14, 2012

Jonesboro Man Sentenced on Bank Fraud and Failure to Pay Payroll Tax Charges

If you're committing Payroll Fraud, you will get caught!

Article showing that your Payroll Taxes are serious!
http://www.fbi.gov/littlerock/press-releases/2012/jonesboro-man-sentenced-on-bank-fraud-and-failure-to-pay-payroll-tax-charges

LITTLE ROCK—Christopher R. Thyer, United States Attorney for the Eastern District of Arkansas announced today that Scott Keith Voss, 43, of Jonesboro, Arkansas, was sentenced by U.S. District Judge Brian S. Miller to serve 33 months in prison, followed by five years of supervised release. Judge Miller also ordered Voss to pay restitution of $450,000 to the First Bank of Owasso and $148,564.94 to the Internal Revenue Service (IRS).

Voss, who served as pastor and president of First Pentecostal Church of Jonesboro, pled guilty to one count of bank fraud and one count of willful failure to pay over tax on November 9, 2011. Voss admitted during the plea hearing that from September 2007 until June 26, 2010, he devised a scheme to defraud the First Bank of Owasso. As part of the scheme, Voss applied for a loan from the First Bank of Owasso, pledging as collateral the Jonesboro Worship Center real estate. Voss then failed to obtain appropriate board of directors’ authorization to so encumber the church real estate. Voss used the funds to retire previous unauthorized loans for his own personal use, and to obtain additional funds for expenditures not approved by the board of directors of the Jonesboro Worship Center.

Additionally, Voss admitted that from 2006 through 2010, First Pentecostal Church of Jonesboro withheld tax payments from its employees’ paychecks. However, through this same period, the church failed to make any payments to IRS of these withholdings. Voss was the person responsible for the collection and pay over of the church’s payroll taxes. This investigation was conducted by the FBI and IRS Criminal Investigation.

This news brought to you by Payrollbuilder.com.

Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. We protect your wages and follow all the tax laws to the fullest extent. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

State of the Baby Boomer Infographic

++ Click to Enlarge Image ++
State of the Baby Boomer [Infographic] - SeniorHomes.net
Image Source: Senior Homes

The Baby Boomer and the state that they are most likely in. Lots of info about how the Baby Boomer is currently experiencing modern life. This is provided by seniorhomes.net. This service is perfect for your small business payroll and can be used by anyone(even Baby Boomers!). Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas and the U.S. Visit our website for more information!

Infographic: Payroll And Tax Deductions

Payroll and Tax Deductions Infographic [Via: Paycor Payroll Software]

Finding useful information can be difficult at times for payroll. This handy infographic displays a lot of information about Payroll and Tax Deductions. This is originally from http://www.paycor.com/infographic/payrolltaxdeductions. Payrollbuilder is an easy-to-use payroll software designed for human resource management. This service is perfect for your small business payroll. Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas. Visit our website for more information!


Arkansas State Payroll Tax Information


Image from http://blogs.reuters.com/muniland/2012/04/11/the-state-of-state-and-local-taxes/


Local Taxes:
None

Arkansas State Tax Unemployment Insurance (SUI):
Report quarterly wages and contributions by filing Form (Employer's Quarterly Contribution and Wage Report) by last day of month following end of quarter. For more information click here.

Reserve ratio formula
Wage base is $12,000 for 2011 and 2012
Rates range from 1.20% to 7.10%
The rates for the first quarter of 2011 ranged from 1.00% to 10.90%
New employers use 4.00%

Arkansas State Tax Disability Insurance (SDI):
None

State Labor Laws:
Minimum Wage - The federal minimum wage rate applies.
Termination Pay - Fired - within seven days.

New Hire Reporting Center:
Employers must report hiring, rehiring, and return reporting to work within 20 days

PO Box 2540
Little Rock, AR 72203
501-682-3087


Remit Withholding for Child Support to:
Department of Finance and Administration
Division of Revenue
Child Support Enforcement Unit
PO Box 8133
Little Rock, AR 72203
501-682-6039


Reciprocal States:
None


Payrollbuilder is an easy-to-use payroll software designed for human resource management. This service is perfect for your small business payroll. Payrollbuilder is an online payroll service, which makes it simple to use and easy to access. We want to serve the Natural State, and are ready to serve you in Fort Smith, Little Rock, Russellville, Fayetteville, and everywhere else in Arkansas. Visit our website for more information!