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HR Finance 101: A Guide To Finance for HR

AIHR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. Improving financial strategy: HR needs to understand the factors that drive costs and revenue in their organization. The foundations of finance for HR.

Cash Flow 136
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Payroll Tax vs. Income Tax: Understanding the Similarities and Differences

Zenefits

Payroll tax, however, is what the employer and the employee contribute to the Federal Insurance Contributions Act (FICA). Payroll form W-4 is an Internal Revenue Service (IRS) document that new employees fill out to determine federal tax withholding. Income tax is a levy by the government based on an employee’s wages.

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Payroll Form Savvy for Compliance and More

Zenefits

In any given year, the Internal Revenue Service alone may assess billions in civil penalties for individuals’ and organizations’ failure to comply with federal tax filing, reporting, and payment obligations.¹ Form W-2 This payroll form reports employee compensation (including health insurance ) and withholding.

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Why Buying a Company Can Be Better than Starting One

Harvard Business Review

For example, in 2015, Jennifer Braus bought Systems Design West, which serves hundreds of municipal firehouses in the Pacific Northwest by handling billing to insurance companies for their emergency ambulance transports. Meanwhile, he steadily adds additional services and customization that serves his customers’ needs ever better.

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We Can’t Study Short-Termism Without the Right Metrics

Harvard Business Review

Similarly, considering greater accruals (which represent the difference between reported income and operating cash flows) to measure short-term orientation has its difficulties. It assumes that a smaller proportion of cash flows in earnings indicates a myopic firm.

Metrics 12
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The Future of Cities Depends on Innovative Financing

Harvard Business Review

Investors from hedge funds to insurance companies are operating in an environment of low yields, near-zero interest rates, and a glut of savings. These range from uncertain revenues to disagreements over guarantees to concerns about political risk.

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Data Scientists Don’t Scale

Harvard Business Review

These reports can highlight changes to a hospital group’s insurance-provider portfolio or changes in demographic mix that are affecting revenue and cash flow, while simultaneously identifying room for growth by suggesting changes to a doctor’s workload.

Scaling 15