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News & Tips Archive
Aug 26, 2024
Compensation for Business Owners: The Why, When and How
In general, business owners are allowed to compensate themselves either by taking a draw or by receiving a salary through their businesses. Read through to read some advice on how to properly compensate yourself as a business owner.
Aug 19, 2024
7 Fantastic Secrets of Automated Timekeeping That Save Your Company Money
Small organizations with thin margins are looking for ways to reduce variable costs to offset rising expenses and mitigate the impact of a faltering economy.
Labor and benefits are the largest line items for most businesses. Therefore, savings in this area has a big impact. And the good news is that you can do it without sacrificing the quality of your products or services.
Let’s dive into 7 Fantastic Secrets of Automated Timekeeping That Save Your Company More Money
Aug 01, 2024
Who is Entitled to Overtime—and Who Isn't
Who is entitled to overtime, and who is expected to work extra hours as part of their salary? Read through for some insights into this thorny question.
Panacea Payroll
3277 West Ridge Pike
Suite A101
Pottstown, Pennsylvania 19464
610-310-7615
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Staying resilient from malicious threats, cyber and physical, is critical in providing the exemplary value our clients expect from us. To do this, we integrate the National Institute of Standards and Technology's (NIST) Cybersecurity Framework that ensures our security procedures, policies, and infrastructure are up to the highest standard possible. Financial institutions, infrastructure management, defense, healthcare, and other heavily regulated industries that rely on stringent information safeguards use the NIST Cybersecurity Framework. We review our security policies and procedures frequently to ensure newly identified threat and vulnerability information is incorporated. Our network infrastructure and physical locations are continuously monitored for anomalies and uninvited guests. Additionally, our incident response and business continuity plans are tested frequently to minimize the likelihood of backup failures.
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