This article has been updated to include 2022 tax information. As an employer, you must stay on top of your payroll responsibilities, including federal, state, and local taxes and deductions. If you are an employer with employees who work in Washington state, you need to know about the Washington paid family leave program.Read More Washington Paid Family and Medical Leave
It’s always a good thing to reassess your business processes every once in a while. What can you improve on? How can you make processes easier? One process that many businesses struggle with is payroll. If your process is making you suffer, it’s time to switch things up by reevaluating your payroll process procedures.Read More Reevaluating Your Payroll Processing Procedures: How to Know When It’s Time for a Change
Collecting, reporting, and remitting payroll taxes are some of your key responsibilities when you have employees. And if you forget or downright neglect your responsibility, your small business could receive a penalty for not paying payroll taxes.Read More What Is the Penalty for Not Paying Payroll Taxes?
If you’re becoming an employer or already have employees, you must learn how to do payroll. Handling payroll is an important employer responsibility with many steps. Familiarize yourself on how to do payroll by learning about what payroll information you need to gather and the steps you need to follow to pay employees.Read More How to Do Payroll: Your Step-by-step Guide on Paying Employees
When you hire new employees, you are responsible for collecting new hire paperwork. You must gather information, such as an employee’s name, address, and Social Security number (SSN). But, what happens when an employee doesn’t have an SSN? Can you hire someone without a Social Security number? Get the answers to all of your burning […]Read More Can You Hire Someone Without a Social Security Number?
Running your business? You’re a pro. Understanding Form W-2? Probably not so much. But when you have employees, you’re responsible for withholding taxes from their employees’ wages and reporting the amount to the government. Not to mention, employees need Form W-2 to file their individual tax returns. Ready to get a firm grasp on this […]Read More With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
Sometimes, payroll mistakes happen. If you pay an employee less money than you should have during a pay period, you owe them retro pay. What is retro pay?Read More For Payroll Adjustments, There’s Retro Pay
Doing payroll by hand can save your business money—if you do it correctly. There are all sorts of laws, calculations, and taxes that you have to implement with precision. But, small business owners are busy, and many who do payroll by hand often make costly mistakes.Read More The Dangers of Doing Payroll by Hand and How to Avoid Them
Unhappy with your current payroll provider? Most business owners agree that running payroll is their most difficult business task. With payroll being such a complicated but necessary business function, it makes sense that you’d want a simple solution. But, isn’t switching payroll companies hard?Read More Switching Payroll Companies: A How-to for the “How-come I Didn’t Switch Earlier?”
With each payroll, you and your employees have to pay taxes. You collect and remit the money, but what are payroll taxes used for? What does the government do with that money?Read More The Million Dollar Question: What Are Payroll Taxes Used For?