It's About Payroll

Are your manual checks causing mayhem? Tune in for some easy solutions!

Chapters

00:00 Introduction and Personal Updates

02:25 The Importance of Payroll Implementations

05:17 Financial Fitness Challenge Insights

08:07 National Debt and Payroll Taxes

11:01 Super Bowl Monday and Employee Attendance

13:21 Time Trak GO - Message

13:38 Manual Checks: Definition and Best Practices

19:18 Challenges of Manual Checks

22:49 Future of Manual Checks

Ep 142: Innovations in Global Payroll - Interview with Mateo Borden, VP of Product at Oyster

In this episode of 'It's About Payroll', hosts engage in a conversation about football, the challenges faced by NFL teams, and current events. This leads into an insightful interview with Mateo Borden, the VP of Product at Oyster. Mateo shares his journey into the payroll industry, discusses Oyster’s mission to enable global employment, and introduces their innovative payroll solutions. The discussion covers compliance, AI integration, cybersecurity, and the benefits of embracing global employment. Mateo emphasizes leveraging expert local partners and advanced technology to provide seamless payroll operations across the globe. Tune in to learn more about how Oyster is revolutionizing the payroll landscape!

00:00 Introduction and Casual Chat

00:14 Weekend Football Recap

01:44 Current Events and TikTok

03:15 Payroll News and Updates

04:48 TimeTrack Go: Streamline Your Business

06:22 Salary Threshold Issues

10:08 Interview with Mateo Borden

13:32 Oyster's Global Payroll Solutions

26:12 AI and the Future of Payroll

30:43 Closing Thoughts and Farewell

https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24

http://oysterhr.com/?utm=li

https://www.linkedin.com/in/matteobordin2?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3Ba1ssunDERGqSmJ9GyQlaqQ%3D%3D

Walt (5 min) - As of January 1, 2025, there are a few significant changes that businesses need to prepare for. The IRS standard mileage rate is expected to increase, which will affect travel reimbursements. Additionally, 401(k) and IRA contribution limits for employees are being updated, providing opportunities for increased retirement savings. Furthermore, payroll practices will need to be adjusted to comply with a recent court ruling on overtime pay, which has implications for how overtime is calculated and compensated.

For more detailed information, you can check out the full article here. 

 In this week’s episode, Brian and Walt dive into one of the most frequently asked payroll questions: Should you pay employees 24 or 26 times a year? Tune in as they weigh the pros and cons of each pay cycle—from budgeting challenges and cash-flow considerations to employee satisfaction and compliance concerns. They also touch on:

Whether you’re an HR leader, a seasoned payroll pro, or a curious business owner, this episode offers practical advice, real-life anecdotes, and the latest industry news. Don’t forget to like, share, and subscribe for more payroll insights every week!

https://www.businesswire.com/news/home/20250129064168/en/Experian-Launches-Virtual-Service-to-Streamline-Form-I-9-Compliance

http://www.timetrakgo.com/

Welcome to Episode 143! In this episode, we dive deep into hybrid work models and their impact on payroll. We discuss the complexities surrounding time tracking, overtime for hourly employees, compliance issues across different states, and the challenges of ensuring equitable pay. We also introduce a new financial fitness challenge, aiming to boost our savings through creative means like side hustles and smarter spending. Additionally, we touch upon the importance of staying organized in payroll processing, leveraging technology, and more. Special shoutout to our sponsors TimeTrack Go and Bamboo HR. Tune in for insights, tips, and some eye-opening statistics around hybrid work and payroll.

00:00 Introduction and Establishing Nexus

00:16 Hybrid Work Models and Payroll Impact

00:49 New Year Resolutions and Personal Growth

01:51 Financial Fitness Challenge

02:46 Creative Side Hustles and Savings

03:28 Investing and Saving Strategies

09:59 Organizing for Success

11:46 Sponsor Message - TimeTrakGO

14:09 Hybrid Work Models and Compliance

21:02 Hiring Challenges and Financial Implications

21:48 Minimum Wage and Payroll Complexities

22:30 Technology Support for Remote Work

23:56 The Rise of Hybrid Work Models

25:58 Location-Based Compensation

27:13 Tracking and Paying Remote Workers

29:25 Navigating Compliance in Different States

31:30 Equity and Fairness in Hybrid Models

32:59 Leveraging Technology for Payroll Adjustments

35:25 Community Engagement and Final Thoughts

Ep 142: Innovations in Global Payroll - Interview with Mateo Borden, VP of Product at Oyster

In this episode of 'It's About Payroll', hosts engage in a conversation about football, the challenges faced by NFL teams, and current events. This leads into an insightful interview with Mateo Borden, the VP of Product at Oyster. Mateo shares his journey into the payroll industry, discusses Oyster’s mission to enable global employment, and introduces their innovative payroll solutions. The discussion covers compliance, AI integration, cybersecurity, and the benefits of embracing global employment. Mateo emphasizes leveraging expert local partners and advanced technology to provide seamless payroll operations across the globe. Tune in to learn more about how Oyster is revolutionizing the payroll landscape!

00:00 Introduction and Casual Chat

00:14 Weekend Football Recap

01:44 Current Events and TikTok

03:15 Payroll News and Updates

04:48 TimeTrack Go: Streamline Your Business

06:22 Salary Threshold Issues

10:08 Interview with Mateo Borden

13:32 Oyster's Global Payroll Solutions

26:12 AI and the Future of Payroll

30:43 Closing Thoughts and Farewell

https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24

http://oysterhr.com/?utm=li

https://www.linkedin.com/in/matteobordin2?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3Ba1ssunDERGqSmJ9GyQlaqQ%3D%3D

Walt (5 min) - As of January 1, 2025, there are a few significant changes that businesses need to prepare for. The IRS standard mileage rate is expected to increase, which will affect travel reimbursements. Additionally, 401(k) and IRA contribution limits for employees are being updated, providing opportunities for increased retirement savings. Furthermore, payroll practices will need to be adjusted to comply with a recent court ruling on overtime pay, which has implications for how overtime is calculated and compensated.

For more detailed information, you can check out the full article here. 

Join us for Episode 139 as we dive into the importance of payroll audits! In this episode, Walt and Brian discuss the various facets of payroll audits, including common and uncommon audit types, cultural sensitivity considerations, the impact of remote work, and cybersecurity risks. They also explore how integrating automation and AI can improve audit effectiveness. The episode is packed with insights into aligning payroll processes with business objectives, real-world examples of addressing payroll discrepancies, and tips for maintaining a robust payroll system. Don't miss this enlightening discussion that could help you enhance your payroll auditing process for better accuracy and compliance!

00:00 Introduction and New Year Catch-Up

00:55 Personal Reflections and Goals

02:15 Therapy and Self-Care Insights

07:26 The Importance of Audits in Payroll

08:34 HR Audit Case Study

12:07 TimeTrakGO Sponsorship

13:54 Regularly Recurring Scheduled Audits

22:43 Common Payroll Errors: Exempt vs. Non-Exempt

23:40 Data Security and Access Control

25:29 Cross-Functional Collaboration in Payroll

26:50 State-Specific Overtime Requirements

28:28 Uncommon Payroll Audit Considerations

35:07 The Importance of Cybersecurity in Payroll

36:21 The Role of Audits in Identifying Payroll Issues

38:19 Real-World Payroll Audit Examples

43:24 Conclusion and Final Thoughts

Welcome back to 'It's About Payroll' for episode 141! In this engaging discussion, Walt and Brian delve into the exciting topic of AI in payroll. They discuss what they want from AI, such as voice commands, proactive auditing, and more. They also highlight the importance of improving employee experience, compliance checking, and cost-effective solutions. With AI predicted to transform payroll departments within the next decade, this episode is packed with insights on how AI can revolutionize payroll processes. Stay tuned for current events, exciting announcements about free webinars, and much more!

00:00 Introduction and Episode Kickoff

02:27 Current Events and Heartfelt Messages

03:58 Exploring Payroll Trends and Innovations

11:00 Message from our Sponsor

12:37 AI in Payroll: Expectations and Desires

21:12 Voice and Text Input for Payroll Automation

22:10 Tax and Compliance Monitoring

22:34 Distributing Reports Securely

23:16 AI for Routine Automation and Workflow Optimization

24:17 Cost-Effective Solutions and Data-Driven Insights

25:26 Enhancing Employee Experience with AI

26:24 Predictive Maintenance and Compliance

27:15 Wage Compression and Minimum Wage Updates

30:04 Ethical AI and Self-Checking Systems

32:27 Future of AI in Payroll Departments

35:15 Conclusion and Viewer Engagement

In Episode 140, we dive into the intriguing world of payroll crime with a case of negligence in New York. Hosts Brian and Walt discuss the legal ramifications of not withholding taxes, the importance of payroll compliance, and ways to prevent such crimes. Additionally, they share a lighthearted conversation about fantasy football, South Florida's cool front, and the impact of AI in payroll. Don't miss their insightful tips on managing payroll responsibilities and ensuring your business stays on the right side of the law!

00:00 Introduction and Casual Banter

02:39 Top Characteristics of a Payroll Professional

08:07 Industry News: Paychex Rumored to Buy Paycor

10:09 The Future of Payroll: AI Speculations

11:55 AI in the Workplace: Human Involvement Required

13:20 Payroll Changes on the Horizon

13:35 Sponsor Shoutout: TimeTrack Go

14:59 True Crime Case: Employment Tax Fraud

19:50 Key Takeaways and Prevention Strategies

25:38 Debate: Should Payroll Criminals Get a Second Chance?

28:26 Final Thoughts and Farewell

https://www.bloomberg.com/news/articles/2025-01-05/paychex-is-said-to-be-in-talks-to-buy-smaller-rival-paycor?embedded-checkout=true

https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24

https://www.justice.gov/opa/pr/new-york-man-pleads-guilty-employment-tax-crimes

https://www.itsaboutpayroll.io/

Join us for Episode 139 as we dive into the importance of payroll audits! In this episode, Walt and Brian discuss the various facets of payroll audits, including common and uncommon audit types, cultural sensitivity considerations, the impact of remote work, and cybersecurity risks. They also explore how integrating automation and AI can improve audit effectiveness. The episode is packed with insights into aligning payroll processes with business objectives, real-world examples of addressing payroll discrepancies, and tips for maintaining a robust payroll system. Don't miss this enlightening discussion that could help you enhance your payroll auditing process for better accuracy and compliance!

00:00 Introduction and New Year Catch-Up

00:55 Personal Reflections and Goals

02:15 Therapy and Self-Care Insights

07:26 The Importance of Audits in Payroll

08:34 HR Audit Case Study

12:07 TimeTrakGO Sponsorship

13:54 Regularly Recurring Scheduled Audits

22:43 Common Payroll Errors: Exempt vs. Non-Exempt

23:40 Data Security and Access Control

25:29 Cross-Functional Collaboration in Payroll

26:50 State-Specific Overtime Requirements

28:28 Uncommon Payroll Audit Considerations

35:07 The Importance of Cybersecurity in Payroll

36:21 The Role of Audits in Identifying Payroll Issues

38:19 Real-World Payroll Audit Examples

43:24 Conclusion and Final Thoughts

https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24

5 HR Predictions for 2025: This article explores key predictions for HR in 2025, including the centrality of growth in engagement strategies and the strategic implementation of AI. Read more here

https://www.businesswire.com/news/home/20241223064493/en/Fiserv-to-Enhance-its-Embedded-Finance-Capability-with-Acquisition-of-Payfare-Inc. 

New Year Payroll & HR Predictions 2025 | Episode 138

In episode 138, join Brian and Walt as they dive into New Year planning for payroll professionals. The discussion ranges from transitioning to cloud-based payroll solutions, enhancing cybersecurity measures, and the rise of AI and automation in payroll and HR. They also cover workforce planning strategies, employee self-service portals, and the importance of staying updated with regulatory changes. Tune in to get valuable insights and predictions for HR and payroll trends in 2025, along with tips on how to maintain the human touch in an increasingly automated world.

00:00 Introduction and New Year Planning

01:19 Current Events and Bird Flu Concerns

02:21 HR Predictions for 2025

03:31 AI and Its Implications

05:26 Manager Support and DEIB Commitment

07:26 Culture and Mergers in Payroll

09:51 Sponsor Message and New Year Planning Tips

14:40 Enhancing Cyber Security

15:39 Adapting to Regulatory Changes

16:58 Implementing Employee Self-Service Portals

20:56 Preparing for Real-Time Payroll Processing

22:35 Addressing Global Payroll Changes

23:47 Strategic Workforce Planning

24:42 Automation and AI in Payroll

25:00 Employee Well-Being Initiatives

26:11 Balancing Technology and Human Connection

29:52 Concluding Thoughts and Reflections