Blog Category

Payroll

lookback period on a planner

July 26, 2018

What is a Lookback Period?

Taxes. For many small businesses, keeping up with the laws and regulations surrounding taxes – especially employer payroll taxes – is an ongoing challenge. Navigating applicable tax codes can be nearly a full-time job. As you strive to stay current with evolving legislation and payments that need to be made, there’s yet another aspect of tax […]

Shares

July 26, 2018

How to Get Reimbursing Employee Expenses Right

Business expenses are often paid for by employees, then reimbursed by the company. These reimbursements have can have significant tax implications for the company and the staff member, so making sure you have a comprehensive reimbursement plan in place is important. Continue reading for how to go about reimbursing employee expenses correctly.  Creating a Reimbursement Policy […]

Shares

July 20, 2018

Decoding Federal Payroll Tax

Everyone remembers the excitement of getting their first check only to wonder where all the money went. Taxes can take a generous portion of a person’s earnings, and federal payroll tax can be difficult to figure out. The Federal Insurance Contributions Act, or FICA, is a federal law that requires three different taxes to be […]

Shares
paperless payroll

July 18, 2018

Should Your Payroll Go Paperless? Pros and Cons of Paperless Payroll

The first known payroll records were carved out on tablets – clay, not electronic – as far back as 7000 AD. And clerks and treasurers from 5th century Greece kept chiseled accounts of payment entries and financial records, much like HRIS and payroll record-keeping systems do today. Fast-forward to the 1950s, when computerization entered the […]

Shares
map of the minimum wage changes

July 17, 2018

Here are the 2018 Minimum Wage Changes for Small Businesses

On July 1st of this year, nineteen minimum wage increases occurred across the United States and your company might be affected. In total, two states, the District of Columbia, and sixteen other localities were impacted by these changes and for many, this is just the first of several increases that are scheduled to be implemented […]

Shares
stack of money for compenasation plan

July 12, 2018

When Creating the Perfect Compensation Plan Salary is Just the Beginning

Crafting or updating a compensation plan can be daunting for small to midsized business, but whether you have one or not, it’s important to align with prevailing conditions. To attract and retain talent in a tight applicant market, it’s crucial to create a structured compensation strategy or update your current plan to meet demand. What […]

Shares
stack of payroll taxes

June 18, 2018

A Reference Guide to Employer Payroll Taxes for Small Businesses

For business, payroll taxes are a constant, regardless of how your revenue ebbs and flows. For everyone receiving a paycheck, you need to properly calculate and pay employee/employer deductions in a timely manner to stay ahead of the IRS. Businesses must submit payments for withholding taxes either monthly or semi-monthly, depending on the size of […]

Shares
payroll piggy bank

June 11, 2018

The Payroll Setup Checklist: Everything You Need to Know to Get Started

Between browsing different platforms, managing your employee data, and conducting the appropriate research, the process of switching payroll services or starting a new one has a lot of moving parts. What do I need to know to stay compliant? What information is absolutely necessary for me to provide? Is this what’s best for my employees? We’re […]

Shares
best payroll schedule for your business

June 7, 2018

Why Choosing a Payroll Schedule Isn’t So Simple

While many are familiar with a bi-monthly pay schedule — typically on the first and fifteenth of the month — there are actually a few ways to structure a payroll schedule. Like most decisions business owners make, the way you structure your small business payroll schedule depends most on your small business needs and the […]

Shares
supplemental-payroll-examples

May 9, 2018

4 Supplemental Payroll Examples Small Businesses Should Know

Not every employee is the same. Similarly, not every item in an employee’s payroll will be the same– particularly when it comes to the complexities of supplemental payroll. Supplemental wages are part of an employee’s compensation that doesn’t fit into their normal wages. The types of compensation that can be categorized as supplemental payroll are […]

Shares
female employee

April 10, 2018

How Did We Get Here? Solving the Gender Wage Gap in 2018

According to 2017 legislation, this April marks the deadline for all UK companies with over 250 employees to release their wage data to the public. The #PayMeToo movement is well underway, and while it’s past due, it’s finally making visible progress. Without similar legislation keeping US businesses transparent, we’re here to offer some insights and […]

Shares
Understanding your W2 forms

January 31, 2018

How Does the New Tax Overhaul Impact Payroll and Your Paycheck?

The sweeping tax bill (H.R. 1) signed into law by President Donald Trump on December 22, 2017, will impact almost every area of taxation, including corporations, pass-through businesses, and individuals. How will the tax bill impact payroll and your paycheck? Employers and employees can expect to see changes to wage withholding in 2018 because of […]

Shares