Category

Outsourced Payroll

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Important Factors to Consider When Choosing a Payroll Provider 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
How Your Small Business Benefits When You Outsource Bookkeeping AccountingOutsourced PayrollPayroll ProcessingSmall Business

How Your Small Business Benefits When You Outsource Bookkeeping

You can’t operate a successful small business for very long without investing time and resources into bookkeeping. For as necessary as the task is, however, it can also be expensive and time-consuming. This is especially true if you make an error remitting payroll or other taxes to the Internal Revenue Service (IRS) and must pay…
Palmetto Payroll
January 30, 2020
Understanding Federal Regulations for Retaining Payroll Records
Understanding Federal Regulations for Retaining Payroll Records Outsourced PayrollPayroll Processing

Understanding Federal Regulations for Retaining Payroll Records

As a business owner, the Internal Revenue Service (IRS) expects you to keep hard copies of certain records for several years in case it needs to see a copy of something again. Fortunately, you can scan the original item and store it on a computer to save space if necessary. From the standpoint of the…
Palmetto Payroll
November 15, 2019
Determine Your Payroll Tax Deposit Schedule to Meet IRS Requirements
Determine Your Payroll Tax Deposit Schedule to Meet IRS Requirements 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
When Should I Consider Using Outsourced Payroll Services?
When Should I Consider Using Outsourced Payroll Services? 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
What Every Small Business Should Know About Payroll Taxes
What Every Small Business Should Know About Payroll Taxes 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
3 Common Payroll Mistakes Your Small Business Should Avoid
3 Common Payroll Mistakes Your Small Business Should Avoid Outsourced PayrollPayroll ProcessingSmall Business

3 Common Payroll Mistakes Your Small Business Should Avoid

Running a small business requires you to take on many different roles. One day you're focused on marketing, another day on resolving customer service issues, and yet another day on ordering inventory and supplies. It seems there just aren't enough hours in the day to deal with payroll as well, but you will have some…
Palmetto Payroll
January 30, 2019
What are Payroll Taxes and How do I Pay Them?
What are Payroll Taxes and How do I Pay Them? Outsourced PayrollPayroll ProcessingTaxes

What are Payroll Taxes and How do I Pay Them?

As a small business owner, both federal and state governments require you to withhold certain deductions from employee paychecks and submit them on a quarterly basis. For the federal government, you must withhold funds to pay the employee's federal, Medicare, and social security taxes. You determine federal tax by the amount the employee earns as…
Palmetto Payroll
December 12, 2018