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payroll tax deposits

small business accounting
The Importance of Keeping Accurate Records for Your Small Business AccountingSmall Business

The Importance of Keeping Accurate Records for Your Small Business

For many small business owners, creating and maintaining an accurate recordkeeping system is one of their least favorite parts of the job. However, they also know that it’s crucial to their ongoing success. Whether you’re a one-person operation working from home or you have already hired a handful of employees, we urge you not to…
Palmetto Payroll
April 30, 2020
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