Category

Outsourced Payroll

Outsourced PayrollSmall Business

Working Out Payment Arrangements and Other Details for Contract Employees

A relationship with an independent contractor can be beneficial for your business as well as the person receiving services. Since he or she is not an employee, you’re not required to pay health insurance, vacation time, or contribute towards unemployment insurance. You also don’t have the large cost associated with recruiting, hiring, training, and retaining…
Palmetto Payroll
June 15, 2020
Outsourced Payroll

Managing Payroll for Remote Workers

Perhaps managing the payroll of employees who don’t work in the same physical office as you was challenging enough before the coronavirus pandemic hit the United States in late February and early March. With millions of people now working from home under government orders, the need to manage payroll efficiently is even more important. We…
Palmetto Payroll
March 30, 2020
Outsourced Payroll

Important Factors to Consider When Choosing a Payroll Provider

Outsourcing payroll is a smart business decision for most companies. It frees up valuable time to pursue growth-oriented activities while also ensuring that you remain compliant with federal, state, and local regulations. However, choosing the right payroll provider isn’t always easy. It requires interviewing representatives at several companies to determine which one can best meet…
Palmetto Payroll
March 14, 2020
Outsourced Payroll

4 Ways to Ease Your Workload by Automating Tasks

According to a March 2019 study conducted by Forbes Magazine, one-third of adults currently work as a freelancer. That is a whopping 53 million people who contribute approximately $715 billion dollars annually to the economy. The freelance platform Upwork estimates this will jump to 50 percent by 2027. With technology making it possible to work…
Palmetto Payroll
June 11, 2019
Outsourced PayrollPayroll ProcessingPayroll Tax ResponsibilitiesSmall BusinessTaxes

Determine Your Payroll Tax Deposit Schedule to Meet IRS Requirements

The payroll process involves much more than just adding up an employee's work hours and determining the amount of his or her paycheck for the period. You must also withhold payroll taxes along with any voluntary withholdings the employee authorizes such as premiums for health insurance. Additionally, the Internal Revenue Service (IRS) and state governments…
Palmetto Payroll
April 16, 2019
AccountingHuman ResourcesOutsourced PayrollPayroll ProcessingPayroll Tax ResponsibilitiesUncategorized

When Should I Consider Using Outsourced Payroll Services?

When you first started your business, you had only a few employees and no problem keeping up with payroll. Now that your business has expanded, processing payroll for so many employees seems like one more thing you no longer have the time to do. However, you can't very well not pay your workers because you…
Palmetto Payroll
March 27, 2019
Outsourced PayrollPayroll ProcessingSmall BusinessTaxes

What Every Small Business Should Know About Payroll Taxes

Calculating the deductions from each employee's monthly wages is not as straightforward as it might seem. It requires extreme accuracy and attention to detail to perform correctly. Unfortunately, the Internal Revenue Service (IRS) has little tolerance for mistakes and could penalize your company with significant fines for reporting incorrect information or failing to make timely…
Palmetto Payroll
February 28, 2019