Payroll tax and income tax. These two short, simple words are the source of so many payroll questions (and confusion). It’s really no wonder because as laypeople, we hear or read “income tax”—we think personal income tax or possibly business income tax. Payroll taxes, on the other hand, are often an unknown and rather eye-opening […]
Payroll
Why Did I Receive a Payroll Tax Notice?
Letters from the IRS are never fun. What makes it worse is not knowing why you got one in the first place. When it comes to payroll tax payments and potential fees, you want to get to the heart of the issue ASAP. But first, take a deep breath… It’s likely that you missed a simple […]
Comparing Payroll Software: What You Need to Know
When you started your business, choosing online payroll for your small business probably wasn’t one of your most top-of-mind priorities. That is until you need to pay yourself or you hire your first employee. That’s when you quickly realize how much time it takes to run payroll manually. Perhaps this is why payroll is one […]
Insurance Policies That Can Protect Against Payroll Mistakes
Running any business is rewarding, but it also comes with risks. No matter how prepared you think you are, there will always be challenging instances. And you need to make sure you’re well-protected. From financial protection to preserving your brand and reputation, business insurance can help shield you from a business disaster. Insurance is crucial in any […]
Payroll Tax Errors: Who Does the IRS Hold Accountable?
If you are an employer or employee who has fallen behind on payroll taxes and are now facing a hefty bill from the Internal Revenue Service, ignoring it will not make it go away. When it comes to unpaid payroll taxes, the IRS often comes down much harder on taxpayers than they do with unpaid […]
3 Payroll Nightmares You Might Have
Vampire Digit might not be too scary, but you know what is? Making payroll mistakes. *gasp* Payroll is a necessary and recurring task for all businesses with employees. So making mistakes can be detrimental for a lot of reasons: Taxes. You can get loads of fees piled on if you report your payroll taxes incorrectly. Even though […]
In-House HR & Payroll vs. Outsourcing: The Key Decision
Every business owner will have to decide at a certain stage of organizational growth whether to create and maintain an in-house HR and payroll department, or to delegate these services to an outsource provider. Why is this question even important in the first place? An effective HR department ensures the hiring of employees that are […]
Best Payroll Tools: Build a Smart HR Workflow
Looking for the best payroll tools for your small business? Or a stack of online payroll tools that work together seamlessly, so you can keep your attention where it belongs—on your growing business? In this article, you’ll learn: 4 things you need to think about when choosing your online payroll tools The 4 tasks your […]
Understanding the Challenges of Payroll in the US
Unlocking the United States’ business possibilities means first coming to grips with its payroll challenges… As the world’s most important business destination, the United States is also one of its most challenging administrative territories, with 50 states (and 5 territories) forming part of a combined federal and state infrastructure. Chief among the business challenges of […]
How to Read a Paycheck—The Easy Way
When entrepreneur and Muppeteer Jim Henson made his first dollar, he framed it and hung it on his office wall. For everyone, whether you’re the company owner or an employee, earning an income is a source of pride and a primary foundation for economic security. Surprisingly, in spite of how important getting paid actually is, most people […]
