Taxes Archives - Palmetto Payroll Solutions

Accounting Payroll Processing Payroll Tax Responsibilities Small Business

How to File Required 1099 Reports Electronically

The Internal Revenue Service (IRS) requires employers to provide a 1099 income reporting form for all independent contractors who earned more than $600 in a calendar year. Starting in 2020, the IRS required employers to select one of two types of 1099 forms rather than defaulting to the 1099-MISC form used in previous years. If…

Palmetto PayrollAugust 2, 2021

Outsourced Payroll Payroll Processing Taxes

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 PayrollDecember 12, 2018

Small Business Taxes

How Will the New Tax Bill Will Affect your Small Business?

As the first quarter of 2018 winds down, many business owners find themselves still trying to make sense of tax laws that Congress passed at the end of 2017. These new rules mainly affect small businesses and pass-through entities. Before we discuss the specific changes, it's important to understand each type of business structure. They…

Palmetto PayrollMarch 15, 2018

Accounting Small Business Taxes

Preparing for Year End: What Should Be on Every Business Owner’s Mind

Soon 2017 will be another year for the history books. Some business owners look forward to year end because it's an opportunity to implement changes and others dread it because they know it will soon be time to file a tax return. No matter where your sentiments lie, all business owners can benefit from year…

Palmetto PayrollNovember 30, 2017

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

Outsourced Payroll Payroll Processing

Why Does Year-to-Date Payroll Processing Matter to your Company?

Year-to-date payroll processing is important to any small business because a substantial percentage of the business's expenses go to paying the wages of their employees. Year-to-Date payroll processing is the amount of money that your business has spent on payroll beginning at the first of the calendar or fiscal year and ending on the current…

Palmetto PayrollJune 29, 2017

Small Business Taxes

3 Ways to Protect Your Business From Tax Scams

Tax time is here again, and you know what that means: cyber criminals are lurking, trying to use the confusion of the season to their advantage. The scary part is: they’re succeeding. Between phishing emails and aggressive phone tax scams, criminals have stolen billions of dollars from well-meaning citizens and business owners who are just…

Palmetto PayrollFebruary 28, 2017

Taxes Archives - Palmetto Payroll Solutions

How to File Required 1099 Reports Electronically

What are Payroll Taxes and How do I Pay Them?

How Will the New Tax Bill Will Affect your Small Business?

Preparing for Year End: What Should Be on Every Business Owner’s Mind

The Advantages of Digital Onboarding for a Business Accountant

Why Does Year-to-Date Payroll Processing Matter to your Company?

3 Ways to Protect Your Business From Tax Scams

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