Afinida, a subsidiary of Trucept Inc. (OTC Pink: TREP) today announced that the company reached a new milestone of $5 million in weekly payroll processing. The increase is the result of ongoing growth in it’s payroll processing and services division.
Employee classification stands as a cornerstone in the architecture of any successful business, particularly for startups poised for growth. At the heart of this lies a critical decision: distinguishing between exempt and nonexempt employees. This key differentiation affects not just payroll and compliance, but resonates through aspects of operational management, employee satisfaction, and the overall financial health of a company.
As the calendar year winds down, small businesses are presented with a pivotal challenge: the meticulous closing of 2023’s payroll and the strategic planning for 2024.
Gone are the days when payroll management was tethered to piles of paperwork and confined within the walls of an office.