Valor Payroll Solutions
🌟Your Trusted Small-Business Payroll Partner🌟 Full-Service Payroll, Timekeeping Management, Human Resources Management.
08/30/2024
While payroll software is super helpful, it’s not a one-size-fits-all solution. Even the best tool can lead to inefficiencies and errors if in the wrong hands.
Payroll software, no matter how advanced, requires knowledgeable management to fully unlock its potential. It's not just about having the right technology—it's about ensuring those who use it understand the intricacies of payroll, compliance, and employee needs.
The best outcomes come from pairing powerful tools with the right expertise and judgment. Remember, technology enhances human capability; it doesn't replace it.
If you're looking to outsource your payroll needs, we offer a 30 minute payroll consultation to see if we're right for you!
08/28/2024
Should an employee get paid for unused PTO? It depends.
We go over everything from:
- Federal Guidelines
- Communicating PTO policies
- State-Specific Penalties
+ More
Read it here:
https://valorpayrollsolutions.com/blog/should-an-employee-get-paid-for-unused-pto/
As always, we're here to help!
Cheers to 4 years! 🎉
We wouldn't be here without the incredible community that surrounds us. From Tulsa and Bartlesville to the small business owners we work with across the United States. So, thank you!
We can't wait to continue making payroll easy for many more years to come.
08/22/2024
Calculating overtime can get... complicated.
Once you start adding bonuses and additional pay rates, it becomes so much more than simply 1.5x the employee's pay.
I've included some samples of formulas you can use within Google Sheets or Excel to help figure out the overtime calculations more accurately. Be sure to catch the youtube video discussing this more in depth if you're in need of a better explanation.
As always, we're here to help.
Reach out if you have questions or drop them in the comments. 👇️
08/21/2024
Swipeclock joined us on our blog last week to go over the top benefits of automated workforce management when it comes to your business!
You can find it here if you haven't read it yet:
https://valorpayrollsolutions.com/blog/top-5-benefits-of-automated-workforce-management-for-your-business/
08/17/2024
Will I be seeing you?
Next month I will be speaking at the Annual Statewide Payroll Conference.
📅 September 6, 2024
📍 Tulsa Hard Rock Casino & Hotel
I will be presenting on the Department of Labor's recent changes to the salary threshold for EAP (Executive, Administrative and Professional) Exempt employees.
Hope to see you there!
08/15/2024
Do you know the difference between a state retirement plan and an employer sponsored IRA? If you don't, we hope this post helps!
If you're an employer considering retirement plan options for your employees and how it all works with payroll, we're here to help.
Don't hesitate to reach out to us if you have questions.
08/14/2024
New guest blog post! 🚨
We collaborated with WorkforceHub (Swipeclock) on their blog this week to share about the benefits of integrating timekeeping for payroll accuracy and efficiency.
Check it out here:
https://www.workforcehub.com/blog/keeping-time-killing-wasted-hours-errors/
08/14/2024
New guest blog post! 🚨
We joined WorkforceHub on their blog this week to share about the benefits of integrating timekeeping for payroll accuracy and efficiency.
Check it out here:
https://www.workforcehub.com/blog/keeping-time-killing-wasted-hours-errors/
08/07/2024
Curious about paying yourself as an LLC owner? We have options!
On our new blog post we're covering various ways you can pay yourself as a LLC owner. Like owner's draw and distributions, W-2 salary, and guaranteed payments.
And of course, IRS requirements and tax details.
Read it here: https://valorpayrollsolutions.com/blog/can-i-pay-myself-on-payroll-as-an-llc-owner/
As always, we're here to help!
Reach out to schedule a consultation if you'd like a more personalized approach.
08/06/2024
Did you know we offer more than payroll?
Payroll might be our primary service, but we understand the needs of a small business owner.
That's why we've partnered with a number of organizations we know and trust to help support your company in much needed areas with our add-on services.
Want to learn more about our payroll and add-on services? Reach out!
08/05/2024
Last month the IRS made some major e-filing updates... ‼️
These e-filing options include:
- Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return
- Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund
- Form 943-X, Adjusted Employer’s Annual Federal Tax Return for Agricultural Employees or Claim for Refund
- Form 945-X, Adjusted Annual Return of Withheld Federal Income Tax or Claim for Refund
Historically, amended tax returns for the IRS could only be filed via paper returns, so seeing these forms updated for e-file is a BIG DEAL!
Need help with your payroll? Reach out.
08/01/2024
Running a business can be pricey.
So things like payroll tax credits can be a major lifesaver and the financial relief needed to keep growing your small business.
Did you know about these payroll tax credits?
If you're curious about maximizing on these benefits for your company, reach out! We're happy to help.
07/31/2024
New Post Alert! 🚨 Get the details on payroll tax rates for small businesses.
From federal and state unemployment to Social Security, Medicare, PFML, and more—we break down the rates and rules you need to know!
Head to our blog for more info.
https://valorpayrollsolutions.com/blog/what-are-the-payroll-tax-rates-for-small-businesses/
07/30/2024
Hiring your first employee can feel like a daunting project, but it doesn't have to be. Reach out for a free consultation to see how we can help!
07/27/2024
Your time is limited as a business owner.
Let us help give some of that time back!
07/26/2024
Are you taking advantage of what payroll records have to tell you?
Payroll records hold super helpful data. 🤓
From a financial perspective, payroll records are indispensable for budgeting, financial planning, and effectively managing cash flow.
By analyzing these records, small businesses can make informed decisions, track expenses, and forecast future financial needs with better accuracy.
Have questions about your payroll? We're here to help!
07/24/2024
Do you really need to offer benefits as an employer?
In this article we dive into both the legal aspect and employee satisfaction.
From mandatory benefits that you must provide such as:
- Social Security
- Medicare
- Unemployment Insurance
- Workers’ Compensation
- Family and Medical Leave
To requirements specifically for large employers.
Head to our blog for more info!
https://valorpayrollsolutions.com/blog/do-i-have-to-offer-benefits-to-my-employees/
As always, if you have any questions, don't hesitate to ask.
Drop them in the comments below or schedule a consultation with our team through our website.
07/18/2024
When we say we work with small businesses, we mean it.
While a number of our clients have over 30 employees, our average small business client has 7 employees.
So whether you're looking to outsource payroll for yourself or a large team, we have you covered!
07/17/2024
When you pay in arrears, you guarantee accuracy in your payroll processing by accounting for all hours worked before processing payroll.
This method also helps improve your cash flow management since you’re using funds for work already completed.
In this post we go over everything from:
- Benefits of paying in arrears
- Drawbacks of paying in arrears
- Steps to set up pay frequencies
- State requirements for pay frequencies
- Legal compliance and best practices
Head to our blog section to read more details!
https://valorpayrollsolutions.com/blog/
07/15/2024
Safeguard your business.
Streamline your process.
Do you know which records to keep for payroll? What about how long to keep payroll records? Best practices for managing and storing?
Don't worry, we can help!
If you have any questions, don't hesitate to ask. You can even schedule a complimentary 30 minute consultation about your payroll needs.
07/10/2024
Keeping the lines of communication open with your employees will be essential as you tackle the new overtime exemption rule.
Head to our newest blog post for tips on how to create a communication strategy that encourages understanding and teamwork in your business.
https://valorpayrollsolutions.com/blog/new-overtime-exemption-rule-effective-strategies-for-communicating-changes-to-employees/
Finding the best ways to explain these changes can make all the difference in a smooth transition.
By being:
- Clear
- Empathetic
- Engaging
You can not only help your team understand what's happening, but help them feel supported along the way.
Remember, open communication is key to successful implementation and employee satisfaction.
If you have any questions, don't hesitate to ask. 💭
Drop them in the comments below or schedule a consultation with our team through our website.
07/09/2024
Let our clients speak for us.
"Valor Payroll Solutions has, quite literally, changed my life.
I’m the CEO of a small, but fast growing, company, and I had previously been taking care of our multi-state payroll myself. It was overwhelming and I did not have the necessary expertise.
Christina from Valor stepped in and took our payroll over completely, including all of the multi-state tax filings and other reporting. She also fixed all of the mistakes I didn’t even know I had made. She is kind, gracious, knowledgeable, attentive, and communicative. She has improved my company and has allowed us to continue growing.
I would recommend Valor to any company with payroll needs. You will kick yourself for not doing it sooner."
- Tamara DeHay / Clover Educational Consulting Group
07/03/2024
Are you classifying your workers properly? What about setting up workers' compensation? We go over both of these topics on our latest blog post.
https://valorpayrollsolutions.com/blog/understanding-1099-contractors-and-workers-compensation-navigating-compliance-for-small-business-payroll/
As always, we're here to help. From our educational videos on Youtube to consultations.
Please don't hesitate to reach out or leave questions in the comments!
#1099
07/03/2024
Help us win Bartlesville Community's Choice 2024 for Best HR/Payroll Service Company!
Nominations run from July 3rd to July 24th and we'd love your help to win this year.
More details can be found here:
https://yourchoiceawards.com/bartlesville
07/01/2024
The new DoL salary requirements are in effect today, with more adjustments coming in January of 2025. How are we feeling?
Need more details?
Check out this video where I discuss the changes: https://www.youtube.com/watch?v=R4qUGpMntfg
06/27/2024
Starting July 1, 2024, minimum wage is on the rise in Washington DC, Nevada, and Oregon. It's crucial to stay ahead of these changes to ensure compliance and fair compensation.
At Valor Payroll Solutions, we've got your back every step of the way. Our expert team is here to help you navigate these updates seamlessly, so you can focus on what matters most - growing your business. Contact us today: www.valorpayrollsolutions.com
06/26/2024
Are Remote Workers Killing Your Payroll Vibe?
Remote work is here to stay, but is your payroll ready to keep up? From navigating tricky state taxes to keeping your team motivated, managing remote workers can be a real juggling act. Check out our latest blog to discover how to turn these challenges into opportunities and keep your payroll running smoothly.
👨💻 Why Remote Workers Rock:
Talent Galore: No more settling for local hires—find the best talent anywhere!
Cost Cuts: Save big on office space and utilities.
Happy Employees: Boost morale and productivity with flexible work options.
Stay Running: Keep your business going strong, even in a crisis.
🔍 But Watch Out For:
Tax Headaches: Juggling multiple state tax laws.
Nexus Nightmares: Multi-state tax liabilities can sneak up on you.
Cyber Threats: Keep sensitive data secure.
Lonely Employees: Combat isolation and keep your team connected.
🔧 Pro Tips:
Payroll Services: Simplify tax withholding and compliance.
Stay Updated: Keep up with changing tax laws.
Clear Rules: Set and share guidelines for compliance and security.
Regular Checks: Monitor and audit for accuracy and peace of mind.
Don’t let remote work mess with your payroll. Get ahead of the game with our expert tips!
https://valorpayrollsolutions.com/blog/the-pros-and-cons-of-remote-workers-payroll-implications-for-small-businesses/
Do you know the meal and break regulations for your team? Staying compliant with labor laws is crucial for a happy and healthy workplace.
06/23/2024
Today, we're celebrating National Family Owned & Operated Businesses Day! 🎉
At Valor Payroll Solutions, we understand the heart and soul that goes into running a family-owned business. From the late nights to the early mornings, your dedication doesn't go unnoticed.
Let's give a shoutout to all the families out there pouring their passion into their businesses! Tag them in the comments to show them the love.
Click here to claim your Sponsored Listing.
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1408 S Denver Avenue Ste 427
Tulsa, OK
74119
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