Essential Payroll Compliance Tips for 2023

Payroll is just one of several crucial components for your organization. And just like other components within people operations and finance, payroll is multifaceted. Payroll compliance is one of those facets and is very important for HR and payroll professionals to stay on top of.

Payroll compliance refers to adhering to federal, state, and local regulations that govern how employees get paid. Making sure your HR team and payroll team are working together to stay compliant with payroll not only ensures that your employees are financially taken care of but also that your company is protected against any penalties.

Factors including payroll schedule, calculating salaries and wages, taxes, and making sure everything is done correctly and on time are vital for staying compliant with payroll and
ensuring your employees are fairly compensated without costing the company any unnecessary expenses or losses.