Monthly Archives

August 2021

salary vs hourly employees
Should You Pay Your Employees Salary Or Hourly Wages? Company CulturePayroll Tax ResponsibilitiesSmall BusinessTime Keeping

Should You Pay Your Employees Salary Or Hourly Wages?

The question of whether to have salary vs hourly employees is one that all business owners face. Both options have pros and cons, which can make it difficult to choose one over the other. Most companies offer salaried positions to some employees and hourly positions to other employees after considering which is best for each…
Palmetto Payroll
August 16, 2021
How to File Required 1099 Reports Electronically AccountingPayroll ProcessingPayroll Tax ResponsibilitiesSmall Business

How to File Required 1099 Reports Electronically

The Internal Revenue Service (IRS) requires employers to provide a 1099 income reporting form for all independent contractors who earned more than $600 in a calendar year. Starting in 2020, the IRS required employers to select one of two types of 1099 forms rather than defaulting to the 1099-MISC form used in previous years. If…
Palmetto Payroll
August 2, 2021