Top Ten Payroll Mistakes

Here's the list of the most common mistakes that are made during payroll.

1. Making improper overtime payments
2. Misidentifying employees and independent contractors
3. Making mistakes on an employee's W-2 form
4. Missing tax deposit or filing deadlines
5. Determining exempt vs non-exempt status
6. Mistakes on 1099-MISC forms for independent contractors
7. Messing up or mishandling garnishments, child support payments, or levies
8. Ignoring other taxable items, such as gifts, bonuses, and awards
9. Incorrect, incomplete, or out-of-date I-9 forms
10. Poor record keeping or data gathering

Payroll mistakes can cost your company about 1.2% of total payroll costs. Call People Lease and we make sure that everything about your payroll gets done correctly the first time.

For more information, call 800.723.3025 or email me at jdanner@peoplelease.com