23
Jul
Payroll compliance is a critical aspect of business operations, yet it's fraught with complexities that can lead to costly mistakes. Navigating the labyrinth of tax laws, employment regulations, and reporting requirements is no small feat, especially in an ever-changing legal landscape. This blog post explores some of the top payroll compliance mistakes businesses make and provides strategies for avoiding them, focusing on less-discussed aspects that are equally crucial for maintaining compliance. Misclassifying employees as independent contractors The mistake: one of the most common compliance errors is the misclassification of employees as independent contractors. This distinction is critical for payroll taxes, as…