Sage is joining in the salute to the American worker and payroll professionals by participating in National Payroll Week, which coincides with the nation's Labor Day celebration.
There are millions of employees paid through Sage technology who expect and demand that their paychecks be accurate and on time. National Payroll Week is a public awareness campaign that pays tribute to you and the more than 156 million people who work in the United States. National Payroll Week highlights the payroll professionals who support the American system by not only processing wages, but also reporting earnings and withholding employment taxes, which keep America running smoothly.
With each and every check issued, our company is required to withhold the correct deductions for federal, state and local taxes. (American payroll professionals collect and report 70.5% of all federal revenues.) Any delay or error has serious financial consequences that not only affect our customers, but Sage's bottom line.
A paycheck that has a single mistake can result in noticeable morale problems and reduced productivity. It is our job to ensure that each and every employee is paid accurately and on time.
The payroll division of Sage is staffed with highly skilled professionals who are experts at meeting deadlines and answering employer inquiries and who know all local, state and federal tax rules and regulations. What percentage of a salary should be deducted for FICA, SS, MED, and 401(k), much less what these abbreviations mean? Where does money go between "gross pay" and "net pay"? Is the right amount of federal and state income tax being deducted? These and other questions are answered by you and your colleagues. You are the ones who shoulder the responsibility for paying correctly - a task that is not as simple as it sounds.
Why? Because payroll is the one corporate function where 99.9% accuracy is simply not good enough. Its regulated more closely than perhaps any customer’s activity and scrutinized by a myriad of local, state and federal agencies, auditors, collection agents, and of course, by their employees.
National Payroll Week was designed to honor payroll professionals, but also to celebrate all American workers, because they generate the revenue needed to maintain and continue to build this country.
For all you know and do - Sage and our customers thank you!
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