When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees?
Read More Who Pays Unemployment Tax? Understanding FUTA and SUTA Taxes
Paying employees electronically is a good option. You use less paper and employees are less likely to lose their checks. Because the payments go directly into employee bank accounts, your workers are guaranteed to get their money. As you look at ways to send electronic payments, you might come across two methods: ACH and wire […]
Read More ACH vs. Wire Transfers: Which Should You Use to Pay Employees?
Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below.
Read More Are Reimbursements Taxable? Guidance on Employee Expense Reimbursement Plans
A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are.
Read More A Breakdown of the Colorado Occupational Privilege Taxes
People often think that nonprofit organizations run off of volunteers, or if they do have employees, they are poorly paid. This isn’t always true. Many nonprofit organizations have employees and they are well compensated for their work. Nonprofits tend to attract and retain top talent by giving their employees compensation that is similar or equal […]
Read More How to Pay Nonprofit Employees
Death is not easy for anyone. But, if an employee suddenly dies, your small business can be hit hard. Employees might want to use bereavement leave. You also need to keep your business’s administrative tasks going. When an employee dies, your payroll responsibilities don’t die, too. You will need to tie up any loose ends […]
Read More What to Do With Deceased Employee Wages and Benefits
Employees come to work, do their jobs, and then go home. Day after day. But, sometimes employees call off sick or come in late. They might ask you to rearrange their schedules to accommodate their personal lives. How can you possibly keep track of all the coming and going? You need an attendance management system […]
Read More What Is Attendance Management?
Each state’s income taxes are different. Some states have low taxes, some have high taxes, and some states don’t have income taxes at all.
Read More State Income Taxes for Out of State Employees
If you are a small business owner who earns self-employment income from your business, you must pay self-employment tax. Like all taxes, there is a specific form to calculate and file self-employment tax. Do you know what form to use for self-employment tax?
Read More The Basics of Schedule SE
Form W-2 is a document that details what you paid an employee during a calendar year. It shows their gross wages, withheld taxes, and other withholdings.
Read More What Is the Form W-2 Deadline?