Friday, July 22, 2011

TN Angel Fund invests $1M in payroll venture - Nashville Business Journal

Friday, July 1, 2011

R.I.P. Intuit Complete Payroll Services

Intuit is finally closing the doors on Complete Payroll Services.

It has been over four years since I left Intuit Complete Payroll Services as the sale of the majority of their client base was made to ADP.

Many friends stayed on and worked through the conversion (not my specialty), and have since moved on to new opportunities.  The time I spent with the team in San Bernardino, California will be counted among the most important experiences of my career in the payroll industry.

We were a great team, and some of the greatest team members were those who arrived at Intuit from CBS Employer Services in 2002 during Intuit's acquisition of the company.  CBS Payroll was a family business founded in 1966 and grew to support over 12,000 clients at the time of acquisition.

CBS Payroll is an example of what every independent payroll service bureau strives to become.  Not the target of acquisition, but in a place where they could be.

Hats off to the Sykes family for reaching for the sky and showing us the way - Joe, Mike, Tammy... and all of those who helped them along the way.

As the Intuit payroll engine continues to burn through fuel... CRI ($200 million), CBS ($78 million), now PayCycle ($170 million)... I am having a harder and harder time seeing their point.

$448 million dollars invested (at least...)  $278 million lost, and $170 million on the table?  I certainly hope that the folks at PayCycle did their homework, or that Intuit has learned from their past, failures.

...and finally, a shout-out to the last man standing from CBS Payroll Software - U da man Joe!

California - 'Overtime is for Everyone!'

In a decision that will warm the hearts of both employers and outsourced payroll service providers, the California Supreme Court opened up their overtime laws to all workers who enter the state.

What does this mean for out of state employers?  Well, if you are based out of Arizona, which has no overtime laws, and choose to not pay overtime to your employees... you may well be paying some double-time if you send that hourly marketing rep to work the booth at a trade show in L.A.

Of course, thanks to the current economic conditions in the Golden State, as always, enforcement may be tricky...

Link to Legal Brief

"Residents of other states who work for California companies are protected by the state's overtime laws during business trips here, the California Supreme Court decided unanimously Thursday."...


"California law says nonexempt employees who work more than eight hours a day or 40 hours a week are entitled to overtime at a rate of 1 1/2 times their normal pay. Overtime pay rises to double the regular rate for work in excess of eight hours on the seventh workday."