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Direct Deposit Diversion Fraud: Protecting Your Business from a Growing Threat

In today’s digital landscape, businesses are increasingly relying on electronic transactions for payroll management. While this offers convenience and efficiency, it also exposes businesses to new vulnerabilities, particularly in the form of direct deposit diversion fraud. This sophisticated scam targets employee payroll funds, with fraudsters contacting payroll departments, impersonating employees, and altering direct deposit information […]

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Streamlined Business Solutions with Canal HR

Efficiency and cost-effectiveness are crucial to staying ahead in the competitive business landscape of today. One effective way to achieve this is by outsourcing human resources functions to specialized firms like Canal HR. Our team of professionals are experts in various business processes, enabling companies to focus on their core operations. From payroll to compliance […]

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How Much Are Employee Benefits Worth: Employer vs. Employee Breakdown

In today’s competitive job market, the value of employee benefits cannot be overstated. Employers and employees often view benefits differently, but they are significant determinants for employees. In fact, benefits are the top concern for many employees in the job market. From health insurance to retirement plans, the range and quality of benefits a company […]

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What is 401k Limit for 2024

When it comes to retirement, understanding the intricacies of 401k plans and their annual adjustments is crucial. If you’ve asked yourself, “What is the 401k limit for 2024?” Canal HR has you covered. Staying informed about these limits ensures legal compliance and optimizes your retirement benefits. Keep reading to dive into the 401k contribution limits […]

Short Term vs Long Term Disability Insurance

Disability insurance protects against lost income due to disability. Though individuals can purchase individual disability insurance, most people with disability insurance receive coverage through their jobs. Insurers for private institutions divide programs into two categories, short-term vs. long-term disability insurance. Their differences are complicated. Keep reading to understand short-term vs. long-term disability insurance for private […]

PPO VS PEO

When considering who will handle administrative tasks for your organization, you will likely encounter the discussion of a PPO vs. PEO. What is the difference between the two? Which is best for your organization? Every organization’s situation is different- read on to arm yourself with the knowledge necessary to differentiate a PPO vs. PEO. PPO […]

average vacation time for small businesses

What Is The Average Vacation Time for Small Businesses?

When starting a small business or considering working for one, it is important to consider the average vacation time for small businesses. This average can depend on lots of factors but the most common is years of service. Depending on how long an employee has worked for your business often determines the average vacation time.

Contractors Workers’ Compensation: Do They Qualify?

The distinction between traditional employees and independent contractors is becoming more complex as the business landscape continues to evolve. This complexity extends into workers’ compensation, where contractors’ eligibility is subject to various laws, state variances, and best practices. This guide will delve into contractors workers’ compensation intricacies, offering a thorough understanding of navigating this critical […]

How to Calculate Payroll Taxes for Small Business

Learning how to calculate payroll taxes for small business can be daunting. Accurate calculation of these taxes is not just a legal requirement; it’s an essential part of your organization’s financial health, which impacts everything from your bottom line to the overall satisfaction of your employees. If there are missteps when calculating payroll taxes, you […]

Obtaining Workers’ Compensation: Everything You Need to Know

Worker’s compensation is a crucial safety net designed to protect employees who suffer from injuries or illnesses due to their jobs. It ensures that workers receive medical care and compensation for their lost wages. Canal HR plays a vital role in simplifying this complex process, guiding both employees and employers through the maze of obtaining […]

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How to Streamline Your Employee Administration with Canal HR

Employee administration is crucial for an organization in a world of business efficiency. The administration refers to all routine tasks that support employees so they can perform their goals each day. When your company’s employee administration is effective, the employees, the company, and the community benefit. Employee administration does not just include current employees but […]

What is a PEO Payroll Service

When running a business, numerous tasks require your undivided attention; it is important to ask yourself what is a PEO payroll service and if it’s a good fit for your business. In this guide we will explain what a PEO is, answer what is a PEO payroll service, explain how PEO payroll services work, their […]