Once you send Forms W-2 to your employees, you don’t have to worry about the annual form until next year. Or, do you? If you don’t know how to fill out Form W-2, you may run into problems.
Read More How to Fill Out Form W-2: Box-by-box BreakdownPayroll Reports Articles
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Answers to 18 Payroll Questions You Are Dying to Ask
For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.
Read More Answers to 18 Payroll Questions You Are Dying to AskWhat Small Business Owners Should Know About Payroll Analytics
Are your employees working too much overtime? Who needs a raise? Are you spending too much money on a department? To get answers to these types of questions, analyze your payroll data. Use payroll analytics to make decisions, avoid overspending on payroll, and verify the accuracy of your payroll.
Read More What Small Business Owners Should Know About Payroll AnalyticsPayroll Forecasting: Strategies for Predicting Employee Expenses
Payroll is arguably a business’s biggest expense. Between taxes and benefits, an employee costs up to 32% more than their wages. To accurately budget for your payroll-related expenses, try payroll forecasting.
Read More Payroll Forecasting: Strategies for Predicting Employee ExpensesForm 1099-NEC vs. W-2 Differences: Which Should You Use?
After the end of every year, you need to report your workers’ wages. You must send a form to the worker and governments. But, which IRS form do you send? The form you use—Form 1099 vs. W-2—depends on if the worker was a contractor or an employee.
Read More Form 1099-NEC vs. W-2 Differences: Which Should You Use?How to Generate Pay Stubs for Employees
When payday rolls around, employees receive their wages for hours worked. They may also receive a digital or paper pay stub, which breaks down their earnings and payroll deductions. As an employer, you must know how to generate pay stubs.
Read More How to Generate Pay Stubs for EmployeesHow to Fill Out Form 941 (2024): Step-by-step Instructions to Fill Out Form 941
If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. Need Form 941 instructions? Avoid major Form 941 mistakes and here learn how to fill out Form 941 line by line here.
Read More How to Fill Out Form 941 (2024): Step-by-step Instructions to Fill Out Form 941How to Correct a W-2 Form If You Make a Mistake (Amend Your W-2)
Let’s face it: everybody makes mistakes. So, if you make a mistake on an employee’s Form W-2, don’t panic. Instead, learn how to correct a W-2 form and take action.
Read More How to Correct a W-2 Form If You Make a Mistake (Amend Your W-2)What Is Certified Payroll? What to Know If You Land a Federal Contract
Step 1: Land the contract for a federal government-funded job. Step 2: Comply with your certified payroll reporting requirements. What is certified payroll?
Read More What Is Certified Payroll? What to Know If You Land a Federal ContractERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims
Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity. “ERC mills” began aggressive marketing campaigns advising employers to apply (even if they didn’t qualify) and collecting hefty […]
Read More ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims