All employers and employees need to celebrate National Payroll Week too!
National Payroll Week, launched by the American Payroll Association in 1996 to coincide with Labor Day, celebrates the 156 million people who work in the United States, the employers who provide them the opportunity to work, and the payroll professionals who calculate their wages.
According to the APA, employers spend more than $15 billion a year complying with all federal and state wage and tax laws. Payroll professionals will perform a diverse range of tasks that include making sure employees are paid accurately and on time, calculating and submitting income tax withholding, paying into the unemployment insurance system, as well as providing information for child support enforcement, deferred compensation plans, the ACA and other benefits.
For 2015, it is estimated that through the payroll withholding system, employers, with the help of their payroll professionals, contribute, collect, report and deposit approximately $2.08 trillion, or 68%, of the annual revenue of the U.S. Treasury.
Employers, also with the help of their payroll professionals, work at trying to keep government officials aware of the burdens of regulations and simplifying compliance requirements. Lately, it seems we have not seen much progress in that regard.
Employers, pat yourself on the back and join the payroll professionals like Time & Pay for helping support the American way of life and what you do to make it possible. America Works!
About Time & Pay:
Time & Pay is a professional payroll service provider located in Johnson City, TN. We service businesses of all sizes and types throughout the United States. Founded in 1992, Time & Pay provides businesses with complete payroll services , guaranteed payroll tax compliance, automated time and attendance systems and services, pay-as-you-go worker’s comp, human resource management systems and services, and more. We provide our customers with the cost effective tools you need to better manage your payroll, your employees and your business. Time & Pay’s services guarantee you will save money, time and aggravation and we back them up with the customer service you expect and deserve. Contact Us today to learn why business owners throughout the country are saying:
“Time & Pay! Why would you do payroll and timekeeping any other way?”
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