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Top five reasons why it’s time to reevaluate your accounting software

With the 2022 tax season almost over, it’s time to start reevaluating your firm’s software. What worked this tax season? What didn’t? In 2021, 21% of firms cited keeping up with technology as a significant issue they were facing. As CPAs strive to manage the shift to remote working environments and adapt to new challenges, […]

How integrated accounting practices drive the fight against irrelevance

Over the last decade, the adoption of cloud bookkeeping software has threatened the value proposition of accountants. These tools are easy to use and require little knowledge of accounting concepts. This has led to the commodification of bookkeeping, with tools driving down the cost of services and an expectation of cheaper fees from clients.However, more […]

The international approach to employee handbooks

The global HR policies you outline play a fundamental role in the way your business operates.Ultimately, key documentation such as your employee handbook will, to some extent, dictate your employee relationships, working environment and culture.But when you have a workforce that’s dispersed across the globe, creating a standardised employee handbook becomes far more complicated as […]

Employee Retention Credit (ERC) Frequently Asked Questions

Please review the ERC questions below to learn more about the IRS Employee Retention Credit for your business. If you have additional questions about ERC or need help filing for the credit, we have extensive ERC experience. Learn how to file ERC.  Check out the ERC questions and ERC credit requirements below. File for ERC credit 2022.1. […]

Essential Employee Retention Credit (ERC) Links

Please review the links below for useful information related to Employee Retention Credits for your business. These links are here to help you become more knowledgeable about ERC eligibility. ERC Informational Links:DISCLAIMER: The information provided herein does not constitute the provision of legal advice, tax advice, accounting services or professional consulting of any kind. The information […]

Online Payroll Services for US Businesses 

Our Accreditations Some of the customers IRIS works with in North America:

Time & Attendance Policies for Exempt Employees: Common Issues and How to Prevent Them

Under FLSA (Fair Labor Standards Act) law, exempt employees are allowed to give up overtime pay in exchange for a set salary, regardless of hours worked. This provides potential benefits for a company, where workloads are demanding, and certain laborious tasks could otherwise run into costly overtime pay. For all its advantages, however, businesses could […]

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Paid Time Off: Everything Small Businesses Should Know

Outside of health insurance, few benefits are as common in the American workplace as Time Off policies. Often called “leave,” this benefit allows employees to take time away from work, whether for personal, health, or other reasons. In all cases, PTO ensures employees can take necessary leave without financial burden.While commonly seen by many as […]

What is a Divestiture and What Are Your “People Priorities”?

It wasn’t until recently that people priorities became a fully realised area of interest in M&A (mergers and acquisitions) transactions.This new focus on human capital seeks to understand the variety of people risks during M&A and, consequently, diversify the value that can be compromised during a transitional moment for a business. One such example was […]

What is Global Compensation?

When sending employees abroad on international assignments, or even when hiring employees overseas, it’s important to have a good understanding of processing global compensation. In addition to salary, consideration should be given to other benefits – specifically which make the most sense to offer, whether it be additional leave allowances or local national holidays.Read on […]

How Do I Set Up Direct Deposit For My Employees?

Direct deposit payments are the primary method most employers use to pay their employees. It’s a convenient, secure, and efficient way to ensure employees get paid in a timely and accurate manner. Employees don’t have to worry about losing their checks and it reduces payroll hassles for employers.Follow the best practices outlined below to ensure […]