5 Tech Tools Your Business Needs to Be Using

I’ve been working in technology and web-related businesses for about 10 years now, and it still shocks me how many small businesses don’t take advantage of all the amazing tools out there to make their lives easier. Anyone with home repair skills would feel the same if they saw the awful mess that is my…

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How to Manage and Pay Tipped Employees in Restaurants

In the restaurant industry, tips are more than something you’d associate with a homespun tip jar by the cash register—they’re a primary source of income for tipped employees. The catch is tips are also taxable income with specific responsibilities for employees and employers. Tips Are Not Small Change In its research, the National Restaurant Association (NRA) states that restaurants…

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What You Need to Know About Payroll Tax Deadlines

From the moment you hire your first employee, you quickly realize there’s a lot more to payroll than simply issuing a check. For example, there are federal, state and even local taxes that need to be deposited (paid) and reported. Of course, just to keep things interesting, there’s an accompanying maze of deadlines. But don’t…

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6 IRS Payroll Tax Penalties That Will Hinder Your Business Growth

This post is written for American companies. ???? If you are a Canadian business, please refer to Remitting Payroll Deductions – Penalties For Missing A Payment. An IRS penalty is an unnecessary financial burden that’s completely avoidable. We know how hard it is to run a small business. You can work through the night, over the…

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How to Perfect Your Payroll Process

Small businesses need to receive revenue to survive, but they also need to provide payroll to maintain a dedicated workforce. Payroll is an important business asset that needs to be done right, so here are four tips to perfect your small business payroll performance. User the Right Software There are many affordable software options available,…

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5 Payroll Tax Mistakes to Avoid

If you have at least one employee, you are responsible for payroll taxes. These include withholding federal (and, where appropriate, state) income taxes and FICA tax from employees’ wages as well as paying the employer share of FICA tax and federal and state unemployment taxes.
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