The Difference Between Full-Service Payroll vs. In-House Payroll

Many small to mid-sized companies handle their payroll in-house. When budgets are tight and the employee roster is small, business owners often want to save the money they would otherwise spend on a payroll service. While this might prove to be a smart choice for some businesses, for others, the time spent on payroll matters is as good as money lost, money they might as well have spent hiring a service. Each company ultimately needs to make its own decision regarding what serves its best interests. To make such a decision regarding payroll, it is imperative to understand the most important differences between full-service and in-house payroll options. Read more

Bracket Changes and More From the IRS

You haven’t even filed your 2017 taxes yet, but the IRS has already announced changes that will affect your 2018 taxes, which you’ll be filing in 2019. The changes were announced in Revenue Procedure 2017-58, which runs 28 pages, but below are some key points. How do these changes impact you? Give us a call, and we’ll explain how they change your tax situation. Read more

7 Employee Award Programs to Boost Morale

Part of running a successful business is keeping not just customers happy, but employees too. Good employee morale will mean more productivity, so it’s important that you design ways to show employees your appreciation and recognize their achievements. There are many different types of award programs that you can implement, but we’ve rounded up some of the most effective ways to give praise and keep employees satisfied. Read more

4 Benefits of Online Payroll Services

Let’s be honest, handling payroll in-house can be a time-consuming grind. And while it might make sense to take care of payroll when funds are tight and employees are few, that often changes. There comes a point for each business when the balance between profits, employees, and time requires calling in some outside help. Read more

Are New Sick Leave Rules Coming to Your Area?

Some municipalities are taking another look at sick-leave policies and paid time off, and are requiring employers to be more generous with such benefits than what has been historically offered. This is what Chicago and Cook County are doing — and this just might be the beginning of a trend. Read more

What You Need to Know About Online Payroll Services

Online payroll services can enhance your business in many ways. If you run a small to mid-size business, you may have handled all your payroll affairs in-house. But if this process has grown overly complex and too time-consuming to handle on your own, then it’s time for a change. It’s time to switch to online payroll services. But what does this mean exactly? Continue reading to learn more. Read more

What You Need to Know About Glassdoor

Glassdoor created a database of company reviews and CEO ratings, as well as interview and benefits information from existing and former employees who post anonymously. Details about salaries and other information regarding what it’s really like to work at a business from interview to exit are provided. The data are available to the public. Read more

What Are Payroll Services? A Breakdown of What Payroll Companies Do

When does it make sense to outsource payroll services? In recent years, this has been a popular question for companies of all sizes. Ultimately, it is a decision you have to make for the betterment of your own business. But when you hire a payroll company like LCAF Payroll to handle it, we take care of all your payroll pains and headaches. Read more

How to Motivate Employees to Use Wellness Programs

Employers are incorporating wearables into their workplace wellness programs. How can they promote health and well-being? Read more

The Pros and Cons of Becoming an ESOP

An ESOP is not the only way for employees to own a company, but it is by far the most common. Although the concept was almost unknown until 1974, by 2014, about 7,000 companies had ESOPs covering 13.5 million employees, according to the National Center for Employee Ownership, a nonprofit membership group that provides information and research on ESOPs. Read more