There’s nothing like starting your own small business. Being your own boss means you choose how to run things, and it lets you see your ideas come to life. But, you have a million and one things on your plate. You might decide to hire new employees to streamline business operations. When you become an […]
Read More How to Manage Payroll for Your Small Business (Step-by-step Guide)
You updated your employee handbook, rolled out a new safety policy, or changed your paid time off (PTO) rules. You sent the email and discussed it in a meeting. But six months later, an employee claims they never saw the change … and now you’re digging through your inbox hoping you can prove otherwise.
Read More How to Use E-signatures to Track Policy Acknowledgments and Stay Compliant
If you offer employer-sponsored insurance to your employees, you should be familiar with some of the health coverage terminology used in the workplace. Open enrollment is one important term related to insurance benefits. What is open enrollment?
Read More What Is Open Enrollment?
Key Takeaways − Manual payroll spreadsheets may work at first, but they quickly become risky as you grow. Common growth challenges include errors, missed deadlines, compliance headaches, and time drain. Automated payroll systems calculate pay, withhold taxes, and help keep you organized. A smooth transition starts with cleaning your data and choosing the right system. […]
Read More Transitioning from Manual Spreadsheets to Automated Payroll Systems
Payroll for one employee uses the same steps as any business: get an EIN, register for state taxes, then withhold, pay, and file taxes each pay period. Team size does not change the rules. A business with one employee processes payroll the same way as one with 50. The difference is volume, not process, and […]
Read More How to Do Payroll for One Employee
If you have a low- or moderate-income worker, they may be eligible for the earned income tax credit (EITC). Read on to learn all about the earned income credit, including who is eligible for it and how workers can claim the credit.
Read More What Is the Earned Income Tax Credit, and How Does it Work?
New Jersey started its paid family leave plan in 2009 with the New Jersey Family Leave Act. New Jersey paid family leave (PFL) made NJ the second state (after California) to pass a PFL policy. If you’re a New Jersey employer, you need to know about your responsibilities.
Read More New Jersey Paid Family Leave (+Q&A)
Payroll compliance isn’t a once-per-year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year-round. You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like filing taxes, that […]
Read More Payroll Compliance Checklist (By Payday, Month, Quarter, and Year)
Every small business makes payments to operate. Some of these payments must be reported to the IRS or Social Security Administration (SSA). Companies must use information returns to report qualifying payments. Do you need to file an information return?
Read More What Is an Information Return, and Why Your Small Business May Need to File One
Each and every employer is responsible for completing, distributing, and filing Form W-2 each year. But, what happens if filing Form W-2 slips your mind? Learn about what happens when you forget to file Form W-2 and the failure to file W-2 penalty.
Read More Forget to File? Here’s What You Need to Know About the Failure to File W-2 Penalty