Search Results for: iris
How to Retain Accountants After Busy Season (Without Burning Out Your Team)
Busy season may end with a deadline, but the pressure it creates doesn’t disappear overnight. For many CPA firms, the weeks after tax season are when the real retention risk begins. The work slows down just enough for people to step back and ask whether they are willing to do it all again next year. Some will be […]
How to Pay International Employees: A Guide for US Companies
Paying international employees requires US companies to navigate foreign exchange rates, cross-border banking fees, and strict local tax withholding laws. While businesses can attempt to manage this manually via international wire transfers or by setting up local bank accounts, the most compliant and efficient method is utilizing a unified global payroll provider. For finance leaders, automating multi-currency funding through […]
Exempt vs Non-Exempt Employee: Key Differences Explained
Understanding Exempt and Non-Exempt Employees The distinction between exempt and non-exempt employees is a foundational element of US labor law, established under the Fair Labor Standards Act. The classification determines whether an employee is entitled to overtime pay for hours worked beyond 40 in a standard workweek, whether minimum wage protections apply, and what recordkeeping obligations fall on the […]
Stipends: Definition, Meaning, & Tax Rules
What is a Stipend? A stipend is a fixed, regular payment made by an organization to an individual to support their participation in a specific activity, such as academic study, research, an internship, or voluntary work. Unlike a salary, which is compensation for labor, a stipend is intended to cover living expenses, travel costs, or […]
Employer of Record: A Comprehensive Guide
What is an Employer of Record? Understanding the Importance of an Employer of Record An Employer of Record (EOR) is a third-party organization that takes on the legal responsibilities of employment on behalf of another company. When a business wants to hire someone in a country where it has no registered legal entity, an EOR […]
SUTA Tax Explained: A Comprehensive Guide
Understanding the Importance of SUTA Tax SUTA stands for the State Unemployment Tax Act, a mandatory payroll tax that employers pay to fund each state’s unemployment insurance pool. When a worker loses their job through no fault of their own, the financial support they receive while looking for new work comes from this pool. In the […]
W-8BEN: When to Use It and Other Types of W-8 Tax Forms
Understanding the Importance of W-8 Tax Forms W-8 forms are a family of IRS documents used by foreign individuals and entities to establish their non-US tax status when receiving income from American sources. The most widely encountered is Form W-8BEN, the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting, which is completed by […]
Why Payroll Services Increase Client Retention
For accounting firms and payroll service providers, client retention is more than just a business metric. It’s also a reflection of the value you deliver, every pay period. Payroll is an aspect of running a business that employers can’t afford to get wrong, which makes it one of the most powerful levers for building long-term client loyalty. Firms that deliver payroll reliably, efficiently, and […]
Exempt vs. Non-Exempt Employees Under FLSA: A Compliance Guide
Under the Fair Labor Standards Act (FLSA), the key difference between exempt and non-exempt employees is overtime eligibility. Non-exempt employees must receive overtime pay for hours worked over 40 in a workweek and must be paid at least the applicable minimum wage. Exempt employees are excluded from overtime only if they meet the required salary […]
Payroll Reporting: From Back-Office Task to Strategic Business Tool
Client expectations around payroll are changing. It’s not enough to just process payroll accurately and on time; clients want visibility in real time. They want to understand labor costs, headcount trends, and workforce data, and they’re increasingly looking to their payroll provider or accounting firm to deliver that visibility. For firms still relying on manual, static reporting processes, meeting this demand is becoming harder to achieve. […]
US Work Visas (H-1B, L-1): A Guide for Hiring Foreign Nationals
For US employers, sponsoring a foreign national for a work visa — most commonly the H-1B for specialty occupations or the L-1 for intracompany transferees — is a regulated process that involves government filings, employer obligations, significant costs, and long lead times. For HR and operations leaders, the strategic question is whether the role truly […]