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Human Resources Outsourced Payroll Payroll Processing Payroll Tax Responsibilities Reporting Small Business Time Keeping

Understanding Employee Overtime Requirements as a Small Business Owner

Under federal labor laws, employees classified as hourly satisfy their overtime requirements after working 40 hours in one week. While working overtime, employees must receive one and one-half times their normal hourly salary. This sounds simple enough on the surface, but small businesses often find themselves facing fines and other legal consequences because they do…

Palmetto PayrollSeptember 2, 2021

Accounting Reporting Small Business

Your Fiduciary Responsibilities When Offering 401(k) Employee Benefits

The Internal Revenue Service (IRS) defines a fiduciary as a party that owes a duty of care to another party and must act in their best interest because of this. If your company offers a 401(k) retirement savings benefit to employees, the actions required to manage the accounts involve fiduciary responsibilities. This is true whether…

Palmetto PayrollJuly 16, 2021

Payroll Processing Reporting Small Business Taxes

How the Latest Covid Relief Bill Impacts Small Businesses

President Joe Biden signed the first Covid relief bill of his new term on March 11, 2021. The new bill, worth $1.9 trillion dollars, is the sixth passed by Congress to address the economic impact of the COVID-19 pandemic on individuals and businesses. Named the American Rescue Plan Act (ARPA), the new bill incorporates some…

Palmetto PayrollApril 15, 2021

Reporting Small Business

What All Employers Need to Know About the 2021 Employee Retention Credit

The Coronavirus Aid, Relief, and Economic Security (CARES) Act went into effect on March 13, 2020, after approval by both houses of Congress and the signature of President Donald Trump. The CARES Act included an employee retention credit as a means of encouraging employers to keep employees on the payroll in wake of the COVID-19…

Palmetto PayrollMarch 31, 2021

Accounting Payroll Processing Reporting Small Business

State and Federal Minimum Wage Changes for 2021

If you operate a business in South Carolina, you should know about a proposed wage increase announced in the state’s General Assembly on January 12, 2021. Introduced in the South Carolina House of Representatives, the wage increase bill currently sits with the House Ways and Means Committee. The bill to increase the state’s minimum wage…

Palmetto PayrollFebruary 28, 2021

Outsourced Payroll Reporting Small Business Taxes

The Advantages of Digital Onboarding for a Business Accountant

Digital onboarding is a type of framework that is designed to help market and grow your business. With the latest advancements in technology, more businesses are taking advantage of the internet and are finding effective ways to reach new potential clients, and keep in touch with existing ones. They are often creating an entirely new…

Palmetto PayrollAugust 14, 2017

Reporting Small Business

Management Reporting for a Small Business

A management reporting system for a small business is a mechanism that is used to monitor the overall mission of an organization. There are three influential factors concerning management reporting for a small business including the desired organization structure, the time-phased statement of organizational goals, and the other critical organization components. A reporting system collects,…

Palmetto PayrollJune 15, 2017

Reporting

Understanding Employee Overtime Requirements as a Small Business Owner

Your Fiduciary Responsibilities When Offering 401(k) Employee Benefits

How the Latest Covid Relief Bill Impacts Small Businesses

What All Employers Need to Know About the 2021 Employee Retention Credit

State and Federal Minimum Wage Changes for 2021

The Advantages of Digital Onboarding for a Business Accountant

Management Reporting for a Small Business

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