Tag

payroll

salary vs hourly employees
Should You Pay Your Employees Salary Or Hourly Wages? Company CulturePayroll Tax ResponsibilitiesSmall BusinessTime Keeping

Should You Pay Your Employees Salary Or Hourly Wages?

The question of whether to have salary vs hourly employees is one that all business owners face. Both options have pros and cons, which can make it difficult to choose one over the other. Most companies offer salaried positions to some employees and hourly positions to other employees after considering which is best for each…
Palmetto Payroll
August 16, 2021
Outsourcing Payroll Brings a Quick Return on Investment Human ResourcesOutsourced PayrollPayroll ProcessingPayroll Tax ResponsibilitiesSmall Business

Outsourcing Payroll Brings a Quick Return on Investment

Small and mid-sized business (SMB) owners often feel caught between a rock and a hard place when it comes to payroll. On the one hand, the task is taking up too much staff time. At the same time, owners of SMBs may worry about the cost of outsourcing payroll and entrusting another party with the…
Palmetto Payroll
May 30, 2021
Avoid These Common Payroll Mistakes to Save Money AccountingOutsourced PayrollPayroll ProcessingPayroll Tax ResponsibilitiesSmall BusinessTime Keeping

Avoid These Common Payroll Mistakes to Save Money

Processing payroll manually opens your company to the risk of making common payroll mistakes that could cause a significant loss of revenue. From the Internal Revenue Service (IRS) imposing penalties to overpaying employees, these payroll mistakes are all too easy to make. We review some of the top payroll mistakes we see and how to…
Palmetto Payroll
March 15, 2021
Want a Successful Year End? Start Preparing Now! AccountingOutsourced PayrollPayroll ProcessingPayroll Tax Responsibilities

Want a Successful Year End? Start Preparing Now!

Both individuals and businesses have traditionally used the end of a year to take stock of what went right and what went wrong. They use this information to begin planning for the new year even before it officially arrives. One simple way to start the process is to focus on any changes your company must…
Palmetto Payroll
December 16, 2020
DIY Payroll Could Cost You More in the End Outsourced PayrollPayroll ProcessingSmall Business

DIY Payroll Could Cost You More in the End

New small business owners often make the common mistake of thinking that payroll only involves tallying the time worked for each employee and paying them accordingly. It’s not quite that simple. First, you need to apply for an employer identification number and complete multiple other steps before you can even hire employees. Then you need…
Palmetto Payroll
July 30, 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
money bag and calculator
Take These Steps to Avoid Payroll Tax Penalties for Your Business Payroll Tax Responsibilities

Take These Steps to Avoid Payroll Tax Penalties for Your Business

There’s nothing fun about your business owing money to the Internal Revenue Service (IRS), especially when you made an honest mistake or omission. Unfortunately, this scenario is common. In 2016, the IRS assessed civil penalties against six million businesses for mistakes or omissions with payroll tax and just under one million paid a penalty related…
Palmetto Payroll
January 15, 2020