Category

Taxes

Proven Strategies to Reduce Payroll Tax Liabilities

Proven Strategies to Reduce Payroll Tax Liabilities

By | Payroll Processing, Payroll Tax Responsibilities, Taxes | No Comments

According to the Internal Revenue Service (IRS), just under one million businesses paid a penalty for problems related to the company’s annual tax return and approximately six million paid fines related to payroll taxes. Although the issue hasn’t improved much in the past three years, that doesn’t mean your company needs to waste money on…

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Determine Your Payroll Tax Deposit Schedule to Meet IRS Requirements

Determine Your Payroll Tax Deposit Schedule to Meet IRS Requirements

By | Outsourced Payroll, Payroll Processing, Payroll Tax Responsibilities, Small Business, Taxes | No Comments

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…

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What Every Small Business Should Know About Payroll Taxes

What Every Small Business Should Know About Payroll Taxes

By | Outsourced Payroll, Payroll Processing, Small Business, Taxes | No Comments

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…

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What are Payroll Taxes and How do I Pay Them?

What are Payroll Taxes and How do I Pay Them?

By | Outsourced Payroll, Payroll Processing, Taxes | No Comments

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…

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The Advantages of Digital Onboarding for a Business Accountant

The Advantages of Digital Onboarding for a Business Accountant

By | Outsourced Payroll, Reporting, Small Business, Taxes | No Comments

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…

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