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

In episode 137 of 'It's About Payroll', the hosts kick off with some motivational advice to stay consistent. They discuss their highlights from the past year, share insights on tax fraud demographics and the implications of tax season, spotlight the HR solution Homebase, and give a shout-out to TimeTrack Go for their innovative time tracking solutions. The episode also touches on various payroll topics such as earned wage access, and stories from the payroll landscape. The hosts reflect on their personal growth over the year and set goals for the future, emphasizing the importance of learning and intentionality. Tune in for an informative and engaging review of the season and year!

00:00 Introduction and Greetings

01:24 Season Review and Year-End Reflections

01:36 Tax Season Tips and Insights

04:12 Spotlight on Small Business: Homebase

06:09 Sponsor Shoutout: Time TrakGO

07:41 Season Highlights and Guest Takeaways

15:27 Year in Review and Personal Reflections

21:03 Payroll Pop Quiz and Fun Facts

24:23 Closing Remarks and Future Goals

Links

https://www.businesswire.com/news/home/20241218749692/en/Homebase-Marks-a-Decade-of-Empowering-Small-Businesses-Reflecting-Over-10-Years-of-Growth-and-Innovation

https://www.ussc.gov/research/quick-facts/tax-fraud