Tips & Tricks for Effective Management of Payroll Processing

Effective Management of Payroll Processing
 Effective Management of Payroll Processing

When you start a business, one of the most taxing and confusing tasks could be managing the payroll. Calculating taxes, overtime, vacations and benefits, even for a small business having a few employees, could take hours.  There are many companies out there which still lack effective management of payroll processing which leads to various problems like legal issues, dissatisfied employees and many more. Being an employer, you also need to make many payroll related decisions and if your payroll process is disorganized or has errors, you may land in a serious trouble.

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Continuing Education – A Commitment to Continued Competence

continuing education unit
continuing education unit

Continuing education programs refer to learning activities aimed at educating professionals and helping them advance their skills and knowledge regarding their field of work. The programs include webinars, seminars, formal lectures and many more. These are optional for certain professionals whereas for some these are required for maintaining certification or licensure. A continuing education credit (CEC) or continuing education unit (CEU) is a measure used in continuing education programs. A CEU equals to 10 hours of participation in an accredited program. Training Doyens offers CEU approved webinars for various industries. By attending the webinars you can not only enhance your knowledge and skills but can also earn CEUs to establish yourself as a competent and expert professional. Training Doyens features webinars approved by SHRM, HRCI and IRS.

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Professional Certifications – Staying One Step Ahead of Your Competition

Staying One Step Ahead of Your Competition
Staying One Step Ahead of Your Competition

There are a number of good reasons why professionals from different industries are becoming more inclined towards Professional Certifications. Such certifications not only validate the skills and expertise of an individual but also help industries in defining and maintaining specific standards. Earning a professional certification takes you much ahead of competition and provides more credibility to you as a professional. Also, these programs help you in staying updated and informed about what’s going on in your industry. Many organizations offer professional certification programs and Training Doyens is one of them, featuring top notch certifications.

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Membership Packages & Corporate Training – Make Smart Learning Choices

Membership Packages & Corporate Training
Membership Packages & Corporate Training

Membership Packages & Corporate Training in today’s era internet plays a very important role in, practically, every industry. Businesses are highly dependent upon internet based tools and services for operations, strategy formulation, and what not. Moreover, internet has also made professional learning more and more convenient and one such example is webinars.Webinars help you learn about the things relevant to your profession from a convenient location. All you need is a device with internet connectivity and you can enhance your professional capabilities to unimaginable extents. Training Doyens organizes insightful webinars related to multiple industries including, but on limited to, healthcare, banking, human resources and cross industry functions. Experts hailing from different industries present interactive sessions, where you can also discusses your thoughts and ideas. However, the ultimate aim is to enrich you with acumen and skills for shaping up effective business plans and strategies.

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Major Challenges in the Banking Industry

Challenges in the Banking Industry
Challenges in the Banking Industry

Every industry needs to evolve with time to keep up with the changing trends and business landscape. Challenges in the Banking industry is no exception. With time, bankers are encountering more risks and regulations, in light of growing concerns about third party relationships, workforce management and many other issues. Keeping in view all the concerns, banks and financial institutions are focusing more towards better strategies and modern technologies to deal with multiple challenges. Let’s have a look at the major challenges that the banking industry is facing and what should be the focus to overcome those challenges. Continue reading “Major Challenges in the Banking Industry”

Techniques to Strengthen the Cyber Security of Your Organization

Cyber Security
Cyber Security

Cyber security threats are heightening day by day and businesses, whether big or small, must take appropriate measures to strengthen their cyber security policies. Technologies are advancing and hackers are adopting more and more sophisticated techniques for data breaches, costing organizations millions. And, in addition to monetary loss, data breaches also damage the reputation and client relationships. Continue reading “Techniques to Strengthen the Cyber Security of Your Organization”

Guidelines for Surviving an IRS Audit

Guidelines for Surviving an IRS Audit
Guidelines for Surviving an IRS Audit

IRS audit is a much dreaded term even for many of the honest taxpayers. There have been instances where businesses have shut down after IRS audits and also the agency is quite meticulous about detecting questionable deductions or unreported income. This instills much fear among taxpayers, especially high-income taxpayers and self-employed individuals. However, it’s important to understand that instances of business shut down make up the worst case scenarios. IRS audits are, in fact, fairly routine and can be survived well. Although you are a diligent taxpayer, getting an audit notice from the IRS might make you nervous. Here are a few guidelines that would help you survive an IRS audit confidently:

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Effective Internal Controls for Fraud Prevention

Fraud Prevention
Fraud Prevention

Research reveals that a typical company loses a significant amount of its revenue to fraud every year. Alarming it is but the majority of the organizations still deny that they might be vulnerable to effective internal controls for fraud prevention. Association of Certified Fraud Examiners (ACFE) suggests that many of the fraud cases are never detected because fraud inherently involves efforts of concealment. This calls for the implementation of strong anti-fraud controls to reduce the opportunities for committing fraud. Also, the attitude of the company towards internal controls, fraud, and ethical culture is an important requisite for fraud prevention. Continue reading “Effective Internal Controls for Fraud Prevention”

Virtual Currency – Maintaining Compliance with Regulations

Virtual Currency
Virtual Currency

In the recent years, virtual currencies have gained a lot of prominence in the real world. Different types of virtual currency have evolved, which have also resulted in the increased risks in the areas of information technology, compliance, and financial crime. Virtual currencies are available in the digital form and do not follow the same regulations as the e-money (traditional currency exchanged electronically).  However, with the growing popularity of virtual currencies, regulatory expectations and guidance on their risk management are also emerging at a fast pace. Failure to meet the regulations may lead to severe consequences like criminal or civil penalties, in case the money is laundered through the virtual currencies system. Continue reading “Virtual Currency – Maintaining Compliance with Regulations”

Anti Money Laundering in the Digital Era

Anti Money Laundering
Anti Money Laundering

Anti Money laundering continues to be a major issue in the financial ecosystem but the methods are changing drastically in this technology-driven era. The Bank Secrecy Act (BSA) was introduced long back, mandating the reporting of suspected fraud or laundering. However, now the Financial Crimes Enforcement Network (FinCEN) has modified and expanded the anti-money laundering (AML) requirements. Financial organizations now have rules, outlined by the Department of the Treasury agency, to include reporting cyber-enabled crime and cyber-events through Suspicious Activity Reports (SARs). Apart from including the questionable activity by customers, the updated rules also include suspicious activity on the bank level.  Continue reading “Anti Money Laundering in the Digital Era”