The Elections and You
The Elections and You
It is a time of political uncertainty in America as we enter an election like never before. The race to the oval office use to be just politicians and their promises. This time around though, we have politicians, celebrities, and corporate powerhouses in the running, and even a popstar promising to run for 2020. With all this variety in presidential candidates, the only thing that we can count on is it being an interesting race. The question you need to ask though, is how is this going to affect your business? Bernie Sanders, a popular candidate, believes that “anyone who works a 40 hour work week should not live in poverty”. This indicates some kind of change being made to either how American are being paid, getting taxed, or directly influencing the cost of living.
Of course, this change will be gradual with the elections still being in just the campaigning stages. However, once the changes do start coming, you are going to have three options when it comes to dealing with the changes. You can either try and keep up with them yourself, put your payroll in the hands of an competent payroll company like Vision H.R., or fall behind and deal with the consequences.
Even without the elections happening, payroll laws and regulations are always subject to change. Sometimes they are sudden and noticeable, like a raise in the nation’s minimum wage, while others are small and can easily slip right by without being noticed. Some may be for a business of a certain size and not even concern you. The important thing to remember is that regardless of what the change is, it is important to make sure that your company is implementing it into your payroll. Otherwise small change can turn into an expensive fine that you don’t want to pay. This is where Vision H.R. becomes a valuable asset to any company. Instead of trying to learn and understand payroll laws and regulations while trying to run your business at the same time, you can pass the work off to Vision H.R. Being a payroll company, their job is to stay current with new trends and regulations so you don’t have to.
Another important item to remember is that just because something a president does is not directly affecting your payroll, it may call for an increase or decrease in the amount of taxes taken from you and your employees, or can end up affecting how much your company is making. If anything changes on the price of oil for instance, it will also affect how much money some gas stations are making, which can move on to affect an employee’s wage and hours. You have to be able to make these adjustments to your payroll in a timely manner, or you may end up with some aggravated employees.
Luckily, any change to laws and regulations have to go through a process before getting approved and going into effect, so there is time to implement them into your company without needing sudden changes in most instances. This also gives Vision H.R. time to explain to your any changes that have to be made to your payroll so that you can stay on top of your company and feel confident in what is happening in your payroll.
Regardless of who you are voting in as president in 2016, it is important to make sure you are prepared for any changes that they may make. Stay up to date with Vision H.R., a experienced Palm Coast payroll services company.
Contact Vision H.R. at (877) 641-0012 or visit Vision-hr.com for a free quote today.
