Connect with us

Business

Are you doing your payroll Right?

You could definitely outsource the payroll instead, but the costs of hiring a separate entity to handle your payroll can quickly add up.

Published

on

gold colored coins near calculator

Compensating employees is an essential part of any business. Some companies leave payroll responsibilities up to their in-house HR department, while others may choose to outsource the payroll to a separate service provider. If you’re a smaller company, you may even choose to personally handle the payroll, which means you’ll have to file the relevant paperwork yourself.

Unfortunately, if you’re just learning how to do payroll, the potential for errors is very high. If your paperwork is filed incorrectly, it could end up costing you thousands in fines! Of course, you could definitely outsource the payroll instead, but the costs of hiring a separate entity to handle your payroll can quickly add up.

Fortunately, there is a third option: payroll software! By using complete payroll solutions like UZIO, you can keep costs consistently low without needing to outsource your payroll or constantly paying overtime to your HR department.

Advertisement

Arguably, the number one benefit of using payroll software is the amount of control it gives you. Cloud-based payroll services are designed with simplicity in mind, so that means they’re easy to use.

Instead of spending hours learning how to do payroll by hand, simply input your employees’ information into the program and the software will handle the rest! Since you’re not relying on an outside company to manage your payroll, you don’t have to worry if any last-minute changes come up.

This makes it easy to fix any errors you may have accidentally made, like if an employee filled out their paperwork incorrectly or their hours were reported inaccurately. Even if you don’t personally handle the payroll, your HR department is sure to thank you, because the simplicity of cloud-based payroll services will save them a lot of time in the long run.

Advertisement

Running a business is stressful enough, so why waste time using complicated processes that are ineffective? Using complete payroll solutions like UZIO provides an All-In-One solution, handling everything from payroll and time-tracking to benefits and salary changes.

Our payroll software easily syncs with your existing HR and benefits information, even managing health insurance, 401(k)s, and worker’s compensation. This automated approach reduces the amount of time dedicated to handling your payroll, so the HR department (or you) can focus on the other tasks at hand.

Another bonus? You can stop worrying about taxes or staying ACA compliant because UZIO adapts to the ever-changing tax laws. It even makes sure your payroll taxes are filed on time!

Advertisement

 This sounds great, but you’re probably wondering how much a service like this costs. After all, learning how to do payroll yourself would definitely be worth it if it meant saving thousands of dollars every year. Fortunately, you’ll be happy to know that cloud-based payroll solutions are extremely affordable.

In fact, depending on the size of your company you may be able to get started for less than $75 The low upfront costs are definitely an advantage, but another great thing about online payroll software is that you’re in control of the costs. While you certainly can get an all-in-one solution that covers every HR need imaginable, you can also downsize if needed.

Cloud-based payroll services give you the flexibility to work within your budget while still meeting the individual needs of your specific company. In this sense, a cloud-based approach not only saves you time but also saves you money, since overall expenses (or budget cuts) are left in your hands.

Advertisement

Recommended: 7 Reasons You Should Hire an IT Consulting Agency

 Now that you know about all of the available options, chances are you’ve crossed the DIY approach off of your list. When there’s an alternative solution that eliminates the chance of making costly mistakes, doing it yourself doesn’t seem very appealing.

Outsourcing may be great for companies with budgets to blow, but if you’re trying to find a way to make every dollar count, then using payroll software just makes sense. Whether you need complete payroll solutions or a singular service, cloud-based payroll and HR solutions like UZIO offer the most practical solution for your business. Ready to make your life easier, and your office more effective? Get your free 30-day trial of UZIO today!

Advertisement

Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

World

More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

Published

on

More Trouble For Microsoft, OpenAI: Eight US Newspaper Publishers File Lawsuit For Copyright Infringement

Trouble for Microsoft and OpenAI over copyright infringement is not coming to an end, as they face several lawsuits for violating copyrights.

On Tuesday, eight US newspaper publishers sued Microsoft for illegally reusing articles in AI products.

The 98-page long lawsuit further accused the tech companies of attributing erroneous information to the publishers.

Advertisement

The eight newspapers that have filed the lawsuits include the New York Daily News and the Chicago Tribune.

They allege that OpenAI’s ChatGPT used their copyrighted articles to perfect its language models without permission.

The lawsuit was filed in a New York federal court on Tuesday. The publishers claim that OpenAI’s large language models, GPT-2 and GPT-3, were perfected using datasets containing text from their newspapers.

Advertisement

The language models are designed to produce text based on human inputs and reproduce copies of the publishers’ works. Microsoft has been indicted for using newspapers for its Bing search index but seldom provided links to the original articles. Four months ago, The New York Times also filed a lawsuit against OpenAI, accusing the tech giant of using data from its past content. It also asked for consent for usage, criticizing the use of full article excerpts in chatbot responses.

The latest lawsuit filed by the eight news outlets also demanded consent and fair value for using their content to perfect the AI language models. The lawsuit alleged that the AI tools literally regurgitate their content without directing users to the content source.

The lawsuit filings stated, “This lawsuit arises from defendants purloining millions of the publishers’ copyrighted articles without permission and without payment to fuel the commercialization of their generative artificial intelligence products, including ChatGPT and (Microsoft’s) Copilot.”

Advertisement

The eight newspapers that instituted the lawsuits are as follows:

  • The New York Daily News and The Chicago Tribune, both owned by Alden Global Capital
  • The Orlando Sentinel
  • The Sun Sentinel
  • The San Jose Mercury News
  • The Denver Post
  • The Orange County Register
  • The St. Paul Pioneer Press

OpenAI’s Response

OpenAI did not directly respond to the accusations but stated that it takes great care to support the news and media outlets. It also stated it is in continuous partnerships and conversations with various news outlets around the world to explore new opportunities, discuss problems, and seek out solutions.

Microsoft also stated that OpenAI has entered into fruitful partnerships with a number of publishers, which includes The Financial Times, The Associated Press, Spanish conglomerate Prisa Media, and Germany’s Axel Springer.

Advertisement
Continue Reading

Net Worth

Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Published

on

Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

Alan Patricof Career

Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

Alan Patricof’s Net Worth

As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

Advertisement

Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

Alan Patricof Height and Weight

While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

Advertisement

Also Read: Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Continue Reading

Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Published

on

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

Advertisement

Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

Advertisement

Also Read: Dave Ramsey Net Worth 2024: How Much is American Radio Personality Worth?

Continue Reading

Trending

This will close in 5 seconds