Payroll tax withholding can be a daunting task for small business owners. But understanding the basics is essential for staying compliant with tax laws and avoiding penalties. Let's break down this complex topic into simple terms. What is Payroll Tax Withholding? Payroll tax withholding is the
How to Do Payroll Yourself
Payroll management can be a struggle for small businesses. You need to take into account state and federal necessities and ensure the lot is legally sound. Failure to do so will result in fines with many businesses paying upwards of $1,000 for inaccuracies. You have two options: do it yourself or
Tackling Payroll As A Small Business
Dealing with anything that involves payment can be quite tricky and delicate at times. Small business owners, however, often have no choice but to do so all by themselves. That's because they often have to juggle many tasks at the same exact time. If you're at the helm of a small business that wants
Information You Need to Know About the Paycheck Protection Program for Small Businesses
The coronavirus (COVID-19) outbreak has hit the U.S. hardest of all countries, and caused the nation’s economy to take a significant downturn. With the requirements of social distancing extending for most states, the U.S. government has offered a Paycheck Protection Program to help small businesses
Process Payroll Quickly And Efficiently
Many businesses, in particular small businesses, waste a lot of valuable company resources as a result of mismanaged payroll. For anyone used to navigating the ins and outs of payroll, it’s not hard to understand why it can be such a challenge. However, it doesn’t have to be; an efficient, quick
The Benefits of Outsourcing Payroll
Once you go into business for yourself, you discover just how much effort is involved in creating a small business. It can truly be overwhelming at times! From staffing, to equipment purchases, to taxes, there’s no shortage of headaches for a business owner to deal with. That’s why more and more
Hire an Unemployed Worker to Save on Payroll Taxes
When an employee gets a paycheck, he or she is quick to notice the difference between gross pay and net pay - the bulk of which is usually due to Social Security and Medicare taxes totaling 7.65% of their gross wages. But what they don't notice is that their employer also has to pay 7.65% on these