Compliance & Risk
Adhering to all government regulations and guidelines, monitoring state and federal laws, and preparing and filing necessary documents.
Maintaining Compliance In The Workplace
Maintaining compliance means adhering to specific policies and standards as required by law. Applied Business Solutions facilitates all industry specific government compliances for you, including monitoring state and federal laws, how these regulations impact your business and preparing and filing all necessary forms and documents.
Payroll Tax Management & New Hire Reporting
We handle Payroll tax submissions and preparation of compliance reports for all federal, state and local tax regulations and entities. Applied also provides automated and accurate employee documentation and submission to appropriate state agencies and provide management reports on all filings.
HR compliance of state-level HR mandates, e.g. Affordable Care Act, Small Business Efficiency Act, ADA Compliance, Family and Medical Leave Act. Assistance with developing handbooks, job descriptions, common ownership rules, etc.
Claims processing. Benefit charge statement audits. Annual review of state tax rates for unemployment insurance. Support for legal proceedings, including hearing and appeals preparation. Employer training and pre-separation counseling.
Avoid Costly Penalties Caused By Compliance Violations
Employers are required to pay their employees according to state and federal legal requirements. Unfortunately, the requirements can be rather specific, and when an employer fails to follow the requirements, can be subject ot fines and penalties. Depending on how each state enforeces their wage and hour laws, the penalties and fines can vary. But most stateshave rather specific rules that will provide for financial penalties if an employer fails to do somethings as simple asp rpovide a detailed paystub with each paycheck.
Among the most common fines business will pay involve tax penalties for underpayment of estimated taxes and failing to file taxes on time. For many small business owners, these fines are the results of poor tax planning, and could have been simply avoided by hiring a PEO. If a person has a habit of accumulating tax violations, hiring a PEO will likely results in a net savings over time. If there are already tax violations piled up on your business, you will likely need to seek out the help of a PEO as well.
The Positive Effects Of Compliance Training
The purpose of compliance training is to create awareness and prepare employees to confidently handle themselves in any situation that could put their job, safety or well-being at risk. We offer compliance training to educate employees on laws, regulations and company policies that apply to their day-to-day job responsibilities. The Corporate Compliance Effectiveness Survey Report to examples below illustrate the benefits of providing effective compliance training in the workplace.
56% of businesses surveyed indicated that compliance audits had revealed wrongdoing at least some of the time.
76% of businesses report that training has resulted in an employee report that prevented or stopped wrongdoing.
82% of compliance professionals surveyed said training led to some increase in inquiries and reports.
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