Blog Category

Payroll

May 11, 2017

How are Payroll Taxes Calculated? – State Income Taxes

Previously, we reviewed how federal income taxes were calculated. State income taxes, with a few exceptions, are calculated very similarly to federal income taxes. But there are some states that have no state income tax at all. Which States Don’t Have State Income Tax? There are nine states where you will not see state income […]

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April 20, 2017

How are Payroll Taxes Calculated? – Social Security and Medicare

In my previous blogs, we discussed how to calculate federal income tax. Some other big amounts that come out of our paychecks are for Social Security and Medicare taxes. How are Social Security taxes calculated in payroll? What wages are taxed for Social Security and Medicare? Social Security and Medicare taxes go hand in hand. […]

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March 28, 2017

How are Payroll Taxes Calculated? – Federal Income Tax Withholding

In my previous blog we looked at the best methods for determining our federal income taxable wages. Now that we know our taxable wages, we’re ready to calculate the federal income tax withholding. Federal Income Tax Withholding is an Estimate The first thing to remember is that federal income tax withholding is an estimate. Its […]

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Understanding your W2 forms

March 20, 2017

How are Payroll Taxes Calculated? – Federal Income Taxable Wages

Mark Twain once asked, “What is the difference between a taxidermist and a tax collector?”  His answer, “The taxidermist only takes your skin.” Sometimes, it can feel like we’re slowly being skinned as we see our precious earnings taken away in payroll taxes. How do we know that the amount taken for federal withholding is […]

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Employee Leave of Absence (LOA)

February 17, 2017

Everything You Need to Know About Employee Leave

Employee leave of absence (LOA) is always a timely topic for human resources (HR) professionals. It’s one of those topics that can be addressed with the help of payroll software, but it also requires an understanding of the legal requirements. Keeping track of all these types of leaves, as well as knowing what is required of you, […]

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February 8, 2017

W-2 Email Scam Continues to Affect Businesses

Businesses’ HR and payroll departments are the targets of a W-2 email scam, according to the Internal Revenue Service (IRS).    The IRS reissued a warning about a W-2 email scam that is targeting payroll and human resources (HR) departments. It’s critical that payroll and HR officials double-check all unusual and executive-level requests for lists […]

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January 19, 2017

New Worker: Employee or Independent Contractor?

As businesses grow, staffing needs increase. Should an organization hire an employee or independent contractor? To answer this question on small business compliance, we’ve created a three-part blog series on classifying employees. First, we’ll look at how to apply the common law test to avoid negative tax consequences.   There are important distinctions between an […]

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January 13, 2017

Dormant Taxes From 2016: They’re Back…

Much like a villain in a slasher movie, some taxes just won’t die. It’s when you think you’re safe, when you’ve forgotten about them, that they pop up again. So, don’t be surprised when you see dormant taxes appear on your first paychecks of 2017. Social Security If you made over $118,500, your last checks […]

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Minimum Wage Increases

January 6, 2017

Minimum Wage Increases for 4.4 Million Workers in 2017

As we entered 2017, some 4.4 million workers across the country were celebrating pay increases in addition to a new year, according to the Economic Policy Institute. The celebrations come as a result of minimum wage increases that went into effect on January 1st in 19 states, including California, Washington, and New York. There were also […]

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December 20, 2016

Why You Should Consider Offering a 401(k) Plan in 2017

If you’re like most, the final days of December have us thinking of all things 2017 and how we can make personal improvements in the new year. In addition to goal setting around ever-popular wellness, financial health often tops many resolution lists. After spending more than we traditionally do on gifts, outings and events, January […]

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December 20, 2016

How to Set Up an Equity & Stock Option Plan in 2017

This is a guest post by James Seely of eShares. As the end of 2016 quickly approaches, 2017 sits on the horizon, offering the new year as a blank canvas to set up new programs for your employees. When growing your business, offering a financial perk like stock options or equity demonstrates to your team that […]

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Zenefits Payroll Software

December 19, 2016

Zenefits Payroll Software: Now Available in TX, FL, and WA

We’re pleased to announce that businesses in Texas, Florida, and Washington can now join Zenefits Payroll software. Zenefits Payroll lets you manage your HR in one place and then automate the hard stuff. Because it connects to everything you manage on Zenefits – HR, benefits, time-tracking, time-off, compliance, etc. – any change you or your employees make […]

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