As a small business owner, you should be able to answer “What is a W-2 form?” A W-2 form is a crucial document that reports an employee’s annual taxable wages and the amount of tax withheld from wages.
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Author:
Michele Bossart
How to Handle a Tipped Employee and Their Pay
August 21, 2026As a business owner and employer, there may be times when your employees receive tips. But, does receiving a tip from a customer automatically make an employee a tipped employee? And if so, what are the laws, regulations, and requirements for tipped employees and their wages? Should you use restaurant payroll software to streamline the […]
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What Employers Need to Know About Taxable Wages
August 21, 2026Part of being an employer is withholding taxes from your employees’ wages before giving them their paychecks. That’s why you need to understand taxable wages before you run payroll.
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What Is State Income Tax?
August 21, 2026Tax withholding may not be the most glamorous part of being a business owner. But if you have employees, it’s part of the job. In addition to federal income tax withholding, you may also need to handle state income tax withholding. Unlike federal income tax, state income tax rules and rates vary by state. So, […]
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Social Security Tax: Get to Know it Before Writing That Paycheck
August 21, 2026Employers are responsible for withholding, remitting, and filing payroll taxes on behalf of their employees. And, there are some taxes you contribute on behalf of your employees. Social Security tax is one of those essential taxes that impacts both the employer and the employee.
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What Should Your Employee Payroll Records Include?
August 20, 2026As a business owner, part of the job is managing a lot of different records. From tax records to accounting records, it can be quite a bit to keep up with. And when you hire employees and become an employer, it adds employee payroll records into the mix. Read on to learn all about payroll […]
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Pay Frequency: Definitions, Options, and How to Choose
August 20, 2026Pay frequency, or how often you pay your team, is one of the first decisions you must make when you hire your first employee.
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What Is a Part-time Employee?
August 20, 2026As a small business owner, you might not want to hire full-time employees for every position. You may decide to hire a part-time employee instead. What is a part-time employee?
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What Is the MCTMT Tax?
August 20, 2026The Metropolitan Commuter Transportation Mobility Tax (MCTMT) was enacted in 2009 to provide funds for transportation, taxing income earned from wages and self-employment in 12 downstate counties in the state of New York.
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What Are Regular Hours?
August 20, 2026The term “regular hours” can mean several different things, but most often refers to the usual hours that employers expect their employees to work. When an employer runs payroll, they usually must select from several different hours types: regular hours, overtime hours, holiday hours, etc.
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