It's About Payroll

Understanding the New Tax Brackets and Its Impact on Payroll

Hosts Brian Escobar and Walter William Duncan III discuss the new changes in tax brackets and their implications on payroll. They explore the topic based on an article they found on foxbusiness.com. The hosts detail the key points in the tax bracket changes, such as higher federal income tax brackets, the impact on take-home pay, inflation adjustments, and standard deduction changes. Additionally, they provide tips for payroll professionals to handle potential questions from employees and how they can stay updated about ongoing tax changes. They emphasize the importance of communication, continual education, and staying updated with federal and state laws.

00:00 Introduction and Podcast Welcome

00:30 Episode 95: Tax Brackets Discussion

02:45 Key Points on 2024 Tax Brackets

06:59 Sponsored Message: TimeTrakGO

08:13 Preparing for Employee Questions

15:15 Payroll Professionals: Understanding New Tax Brackets

18:04 Understanding Payroll Responsibilities and Liabilities

18:43 The Importance of Checking Payroll Systems

19:52 Understanding Taxable Wages and Tax Brackets

21:19 Pressure Testing Payroll Systems

22:55 Understanding Compliance with Federal and State Laws

24:35 The Importance of Continuing Education and Training in Payroll

25:13 Effective Employee Communication in Payroll

26:00 Proactive Auditing and Reporting in Payroll

28:57 The Role of Payroll in Employee Self-Service

29:41 The Future of Payroll and the Need for New Talent

33:50 The Evolving Landscape of Social Media and its Impact on Payroll

35:25 Closing Remarks and Sign Off

Preparing for the New Year: Payroll Insights and Preparations

Hosts Brian Escobar and Walter William Duncan III of the 'It's About Payroll' podcast delve into payroll-related topics, such as the responsibilities of HR, how payroll professionals can plan and prepare for the upcoming year, and implications of changes in tax rates, classifications, and IRS regulations. They also discuss personal and professional growth strategies, including the importance of continuous learning. The hosts also preview their next season where they focus on attracting younger generation to the payroll industry.

00:00 Introduction to the Podcast

00:26 Welcome to Episode 94: New Year's Payroll Advice

01:07 New Year's Reflections and Resolutions

02:34 Sponsored Segment: TimeTrakGO

03:31 Personal Goals and Aspirations for the New Year

06:07 Payroll Professionals: Preparing for the New Year

28:16 Season 8 Preview: Engaging Young People in Payroll

31:40 Conclusion and Sign Off

It's a wrap! Season 7 is officially over and so is 2023.

Check out our latest episode. Season 7 Wrap-up (Episode 93)

Thank you for listening and Happy New Year! 

Podcast Name: It’s About Payroll!

Season 7 Now Streaming!

Full-length episodes are posted every Monday!

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It's About Payroll: Season 7 Wrap-up 

Hosts Brian Escobar and Walter William Duncan III reflect on a successful seven seasons of their payroll-focused podcast, 'It's About Payroll,' and discuss what's in store for Season 8. They highlight the recurring themes they've discovered throughout their journey, notably the importance of cybersecurity, the value of people, and the continuous evolution of payroll systems. Drawing attention to an ongoing assault on data, they emphasize the importance of data protection, the role of people in payroll, and the growth in payroll tech. They also spotlight the insights shared by their guests this season - from the importance of having the right team and leaning into your gifts, to evolving within the payroll industry. Looking ahead, they aim to bring more focus to young professionals in payroll for Season 8 to inspire and encourage a new generation into the field.

00:00 Introduction and Welcome

00:18 The Journey of the Podcast

01:33 Reflections on Seven Seasons

03:24 Sponsor Introduction: TimeTrakGo

04:45 Personal Growth and Challenges

05:37 The Importance of Community

07:29 The Evolution of the Podcast

23:21 The Impact of Cybersecurity

28:09 The Importance of CyberSecurity

28:28 The Power of People in Payroll

29:05 The Role of LinkedIn in Payroll Education

29:16 The Challenges of Formal Payroll Education

30:19 The Evolution of Payroll

30:29 The Impact of Payroll Systems and Innovations

30:58 The Role of Time Tracking in Payroll

32:01 The Influence of Guests and Collaborations

34:08 The Impact of Payroll on Employee Retention

34:42 The Power of Generosity in Payroll

43:52 The Role of Technology in Payroll

53:27 The Future of Payroll

Talkin’ Malta Payroll w/Jonathan Misfud: An Insight into Payroll Processes, Software, and its Influence on Future Entrepreneurs

In this episode of 'It's About Payroll', hosts Brian Escobar and Walter William Duncan III, conduct an enlightening conversation with Jonathan Misfud, who leads a team working on cloud payroll software, 'Buddy'. Jonathan shares his experiences transitioning from a small business owner into the creator of payroll software. He reveals that understanding the people behind payroll operations played a significant part in making Buddy successful. The conversation also highlights the absence of regulatory bodies for payroll in Malta and the United States and discusses how payroll processes impact people's lives notably. The hosts get an overview of the 'Payroll Trinity' from Jonathan's perspective which involves the employee, the employer, and the payroll processor. Jonathan also shares an exciting update about Buddy, where functions such as bulk submission of tax documents and automation are being added. Lastly, he shares some advice for anyone new to payroll and for those pondering entrepreneurial ventures into payroll.

00:00 Introduction to the Podcast

00:16 Meet the Hosts and the Guest

01:10 Getting to Know Jonathan Misfud

01:26 Payroll Challenges in Malta

03:08 The Journey of Creating Buddy

04:41 Sponsored Segment: TimeTrakGo

06:03 The Evolution of Buddy

08:58 The Concept of Payroll Trinity

12:09 The Story Behind Buddy's Name

15:23 Buddy's New Features and Updates

20:20 Advice for New Payroll Professionals and Entrepreneurs

23:50 Closing Remarks and Contact Information

Brand New True Payroll Crime Story - Under Siege

In episode 91, hosts Brian Escobar and Walter William Duncan III discuss the escalating threats to payroll and financial systems from cyber attacks. Referencing recent attacks on credit unions and water supply systems, they underscore the importance of robust cybersecurity measures across all industries, not just financial services. The discussion extends to the potential impact of cyber threats on payroll processes and the livelihoods of individuals who depend on the timely and secure disbursement of payments. Strategies for individuals and companies to protect financial data are also discussed.

00:00 Introduction and Welcome

00:37 Reaching Milestones and Listener Feedback

02:31 Discussion on Minimum Wage

05:28 Sponsor Message: TimeTrakGO

08:16 Cybersecurity Threats and Their Impact

15:32 Solutions to Cybersecurity Threats

20:40 The Importance of Cybersecurity in Payroll

22:50 Understanding Account Takeover Attacks

23:39 The Importance of Identity-Centric Security

24:35 The Future of Payroll Cybersecurity

25:07 Ransomware Attacks on Credit Unions

25:38 The Impact of Cyber Threats on Financial Institutions

28:53 Invitation to Connect with the It's About Payroll Community

29:42 The Immediate Concerns of Cyber Attacks

31:58 The Importance of Customer Awareness and Industry Collaboration

32:50 The Importance of Sharing Information and Educating Yourself

34:02 The Power of Payroll and Its Vulnerabilities

34:02 The Ripple Effects of Cyber Threats on Individuals and Employees

35:16 The Importance of Guarding Your Data

40:23 The Importance of Checking Your Transactions

41:19 The Dangers of Gift Card Scams

43:26 The Importance of Being Vigilant and Mindful

44:08 Conclusion and Invitation to Engage with the Payroll Community

Resources

https://www.theregister.com/AMP/2023/12/04/iran_terrorist_us_water_attacks/ 

Episode 90: Talkin' Pay Transparency with HR Data Labs David Turetsky. Thanks, David Turetsky! We appreciate you sir.

In episode 90 of 'It's About Payroll' Podcast, hosts Brian Escobar and Walter William Duncan III invite David Turetsky, HR Data Labs and CHRO of Salary.com, to discuss the crucial topic of pay transparency. David points out the progression in this area from the 90s when discussing pay with co-workers was potentially a reason for termination, and explains how pay transparency has evolved into a way to level the playing field. He discusses California's approach, the wide versus narrow pay range for jobs, and how companies should deal with pay disparity. The conversation also explores the impact of being able to talk about pay, the importance of being prepared to discuss salary, the sensitivity of discussing overtime, and the role of the manager in the topic of pay. Finally, David gives advice to new HR and payroll entrants, highlighting their significant positions in the business.

00:00 Introduction and Welcome

00:20 Special Guest Introduction: David Turesky

01:35 Sponsor Message: TimeTrakGO

02:49 Discussion on Pay Transparency

04:04 The Evolution of Pay Transparency

05:51 The Impact of Pay Transparency on Employee Conversations

07:17 The Role of Companies in Pay Transparency

07:28 The Importance of Employee Advocacy in Pay Transparency

09:14 The Role of Data in Pay Transparency

10:52 The Importance of Compliance in Pay Transparency

11:31 The Role of Legal Counsel in Pay Transparency

13:02 The Importance of Education in Pay Transparency

18:30 The Impact of Pay Transparency on Overtime

26:14 Closing Remarks and Advice for New HR and Payroll Professionals

27:39 Conclusion and Sign Off

This episode features an in-depth discussion with Tabitha Brown, an acclaimed author, actor, social media influencer, and vegan cooking enthusiast. Known for her inspirational messaging, Brown discusses her journey from small town North Carolina to becoming an award-winning social media personality. She explores the importance of a balanced lifestyle, the challenges and rewards of running her own businesses, and her approach to financial management. Brown also shares interesting insights about shifting towards plant-based living, juggling her career and parenthood, and her philosophy on embracing one's authentic self. By touching upon topics such as maintaining financial transparency, budgeting, and being mindful with business transactions, Brown presents valuable knowledge for listeners on both personal and professional front.

00:05 Introduction to Tabitha Brown

00:45 Tabitha's Journey to Fame

01:10 Tabitha's Achievements and Advocacy

02:01 Interview Begins: Tabitha's Approach to Money Management

03:03 Tabitha's Trust Issues with Money

04:10 Tabitha's Experience with Money Theft

08:55 Tabitha's Approach to Paying Employees

13:03 Tabitha's Use of Technology in Business

20:36 Tabitha's Perspective on Employee Worth and Pay

22:12 Choosing Freedom and Authenticity

22:43 The Power of Radical Transparency

23:09 The Importance of Budgeting and Financial Management

24:33 The Joy of Giving and Receiving

25:22 The Reality of Living Paycheck to Paycheck

26:13 The Struggles of Actors and the Entertainment Industry

26:56 The Archaic System of Royalty Checks

28:19 Parenting and Guiding Children in the Workforce

34:07 The Power of Consistency and Authenticity

36:59 Leaning into Your Gifts and Callings

39:40 Money Matters: A Final Piece of Advice

It's About Payroll: Tackling the Industry with the Accounts and Legal Team

Hosts Brian Escobar and Walter William Duncan III discuss the payroll industry with the Accounts and Legal team from the UK. The discussion offers advice for beginners entering the field, stressing the need for patience, support, and honesty when dealing with errors. The restructuring of work procedures due to COVID-19 is discussed, and the importance of maintaining personal connections while working remotely is emphasized. The hosts also introduce a new segment, 'This or That,' to create a fun element in the conversation. The episode concludes by underlining the importance of constant learning, adapting, growing, and moving forward for payroll professionals.

00:00 Introduction and Welcome

00:10 Meet the Hosts

00:32 Introducing Special Guests

00:59 About Accounts Legal

02:24 Meet the Team: Laura's Journey

03:54 Meet the Team: Kim's Experience

05:29 Meet the Team: Millie's Perspective

06:46 Team Communication and Dynamics

07:41 The Importance of Team Building

09:29 Efficient Email Management

11:18 Coaching and Performance Appraisal

14:12 The Power of Trust and Patience

16:45 The Importance of Active Listening

22:05 Fun Game Segment: This or That

27:42 Advice for Newcomers in Payroll

34:55 Closing Remarks

Embracing Payroll Automation with Transformify

In the 87th episode of 'It's About Payroll', hosts Brian Escobar and Walter William Duncan II, speak with Liliya Stoyanov, CEO of Transformify. They discuss the importance of payroll automation and how it facilitates companies in managing payments to contractors and freelancers across borders. Stoyanov elaborates on how Transformify streamlines the payment process by offering one comprehensive invoice, facilitating various currencies and eliminating compliance risks. They delve into how the global pandemic has impacted the payroll landscape and emphasised the need for effective remote payment solutions. They also touch on some common challenges in the sector and offer valuable advice to those interested in pursuing a career within the FinTech or payroll industry.

00:00 Introduction to the Podcast

01:00 Introduction to the Guest Speaker

01:20 Guest Speaker's Journey into Payroll

03:24 Advertisement Break

04:22 Understanding Payroll on Demand

08:34 Deep Dive into the Payroll Process

14:33 Target Audience for the Service

16:44 Understanding the Global Reach of the Service

18:07 Challenges Faced in the Industry

20:53 Understanding the Client Base

25:42 Guest Speaker's Experience as a Professor

27:46 Advice for Aspiring Professionals

28:25 Conclusion and Sign Off

Happy Veteran's Day and thank you for your service! 

In this episode, Brian & Walt discuss military pay.