Recent changes to Oregon state law have made payroll management more complicated, requiring a broader awareness of how these changes will affect employee compensation in the coming months. Medical leave provisions, increased pregnancy protections, pay equity fixes, and retirement plan contributions have all been amended in Oregon for 2020. These legislative changes make accurate calculations and withholdings more crucial than ever before to avoid needing to pay back owed wages, delinquent taxes, and incurred penalties.
Major legislation that affects payroll and staffing in Washington state has been passed recently. Some of the new laws already rolled on January 1, 2020, while others will go into effect later this year. Legislation that spans changes to the minimum wage and exempt employee criteria, clarification of job duties, and issuance of paid family medical leave will add new complexities to HR functions and payroll calculations. These changes will affect operations across businesses of all sizes and compensation for a significant segment of the working population as well.
QuickBooks is an excellent bookkeeping platform for small businesses. However, it is just that – a tool to keep track of finances. The benefit that a business derives from QuickBooks is contingent upon what is put in and how much expertise is available to use the tool correctly. QuickBooks will not manage a business’s finances any more than a hammer will build a house without a carpenter there to swinging it.
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