Employers often want to offer attractive compensation packages to bring in good employees. But, compensation goes beyond an employee’s hourly or salary wages. It also includes additional small business employee perks, known as fringe benefits. So, what are fringe benefits? And, what are the types of fringe benefits?
Read More What Are Fringe Benefits for Employees? Guide for Employers
Each time you hire a new employee, you are responsible for verifying they are eligible to work in the United States. To do this, use Form I-9, Employment Eligibility Verification, when onboarding new hires. All U.S. employers are required to use the I-9. Failing to do so can result in penalties. Learn how to fill […]
Read More How to Fill Out Form I-9 When You Hire a New Employee
As an employer, you must withhold certain taxes from employees’ wages. Then, file and deposit them with the proper agencies. One form your business may need to file to report payroll taxes withheld from employee wages is Form 944. Read on to get the scoop on what is Form 944 and whether or not your […]
Read More What Is Form 944, and How to Know If You Need to File One
If you’re an employer, you typically must withhold and remit federal income, Social Security, and Medicare taxes from employee wages. And to report wages paid and certain taxes withheld, you likely need to fill out Form 941. Read on to learn what is Form 941 and familiarize yourself with the form.
Read More What Is Form 941? Reporting Employee Wages and Payroll Taxes
When signing up for payroll services that include tax filing, you’ll be asked to fill out Form 8655. The company won’t be able to file or deposit your taxes until you submit the form. So, what is IRS Form 8655 used for? Find out below.
Read More What Is Form 8655?
In some industries, employees earn the bulk of their wages from tip income rather than hourly or salary pay. If you own a food or beverage establishment, your employees likely earn tips. Like regular pay, you still need to withhold taxes on tip income. And, you need to report tip earnings on Form 8027.
Read More Do I Need to File Form 8027?
When you become an employer, you can’t always play by your own rules. There are certain federal, as well as state and local, standards you must follow. The FLSA is one set of federal regulations you need to know about and comply with. What is the FLSA?
Read More What Is the Fair Labor Standards Act (FLSA)?
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
Withholding federal income tax from employee wages is a necessary (but tricky) part of running payroll. There is no standard amount you withhold from employee wages for federal income taxes. Instead, tax amounts are determined by factors like pay, Form W-4 withholding information, and filing status. But, what is filing status?
Read More What Is Filing Status, and How Does It Affect Payroll?
As an employer, you’re in charge of paying your employees … and handling those pesky employment taxes. One of the taxes you need to calculate and withhold is a payroll tax known as FICA. What is FICA tax?
Read More What Is FICA Tax, and How Much Is It?