Now that you’re making payroll tax deposits via the Electronic Federal Tax Payment System, you may wonder: “What happens if I lose that pesky EFTPS PIN number?”
Read More I Lost My PIN for EFTPS Payroll Deposits and Lived to Tell About It
Author:
Michele Bossart
What to Do With a Form W-2 Returned to Employer
Every year, you are required to send Form W-2 to employees by the January 31 Form W-2 filing deadline. Hopefully, those forms will get to your employees. But, some forms might come back to you as undeliverable, especially if you have incorrect employee addresses on file. What should you do with Forms W-2 returned to […]
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Common W-2 Form Errors and How to Correct Them
Form W-2 errors are never a good thing. You may cause more work for yourself, delay tax returns and refunds for employees, and accumulate fines. You should carefully review each Form W-2 before you send it to the Social Security Administration and your employees.
Read More Common W-2 Form Errors and How to Correct Them
What Is a Part-time Employee?
As 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?
Read More What Is a Part-time Employee?
The Basics of Flexible Work Arrangements
Flexibility to balance work and life is a very important aspect of job satisfaction to 53% of employees. What are you doing to help employees improve their work-life balance?
Read More The Basics of Flexible Work Arrangements
Bitcoin Payroll: Weighing the Pros and Cons for Small Businesses
Do you know how to pay employees? There are several methods, like checks, direct deposit, and … bitcoin? You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin […]
Read More Bitcoin Payroll: Weighing the Pros and Cons for Small Businesses
What Is Form W-2?
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.
Read More What Is Form W-2?
Do You Need to File Form 940? If So, Here’s How
Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes.
Read More Do You Need to File Form 940? If So, Here’s How
What Is the Penalty for Not Paying Payroll Taxes?
Collecting, reporting, and remitting payroll taxes are some of your key responsibilities when you have employees. And if you forget or downright neglect your responsibility, your small business could receive a penalty for not paying payroll taxes.
Read More What Is the Penalty for Not Paying Payroll Taxes?
With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
Running your business? You’re a pro. Understanding Form W-2? Probably not so much. But when you have employees, you’re responsible for withholding taxes from their employees’ wages and reporting the amount to the government. Not to mention, employees need Form W-2 to file their individual tax returns.
Read More With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
