All employers are responsible for reporting employee wage and tax information to the IRS. Many employers use Form 941 to report this information each quarter. But some eligible small business owners use Form 944 to report wages and taxes annually instead. Are you one of them? If so, you need to learn how to fill […]
Read More How to Fill Out Form 944: Step-by-step Guide
A number of states, including Colorado, have hopped on the paid sick leave bandwagon. Learn the ins and outs of the Colorado paid sick leave law, including how it works and accrual rates.
Read More Colorado Paid Sick Leave: Must-know FAQs and Facts
Time is money, and for small businesses, effective timesheet management can make all the difference.
Read More Optimizing Timesheet Management for Your Business
Here’s a number: $287,923. That’s how much the Department of Labor recovered in back wages and liquidated damages from a business that offered comp time instead of overtime. So, what is comp time, and when is it OK to give?
Read More What Is Comp Time? What Employers Need to Know
You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do?
Read More What Is a Wage Garnishment? What Employers Need to Know
Most businesses need, or will at some point need, an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575.
Read More What to Know About Form CP-575 [IRS EIN Notice]
At some point, one of your employees may need to take time off before and after giving birth. You must create and implement a maternity leave policy before that happens. But before you can establish your policy, familiarize yourself with and comply with maternity leave laws.
Read More Don’t Create Your Maternity Leave Policy Until You Understand Employee Rights
If you’re an employer with employees in Washington, listen up. Starting in 2023, you need to make an additional deduction from Washington workers’ paychecks for the Washington Cares Fund. But, what is the Washington Cares Fund, and how much do you have to deduct and remit? Get all of the answers about the new program […]
Read More Get the Scoop on the Washington Cares Fund
Whether you offer time off or need to process direct deposit, staying on top of legal holidays is a must. And when it comes to Juneteenth, you need to keep updated with the latest federal and state holiday status changes. So, is Juneteenth a holiday?
Read More Is Juneteenth a Holiday? What Employers Need to Know
Does this sound familiar? You ask an employee to run a few errands for the office. They end up with a $10.79 coffee shop bill, $56.99 at the office supply store, and $25.28 at a local pizza joint. Sure, you plan to repay them. But how much do you know about employee expense reimbursement?
Read More It’s Payback Time: How to Handle an Employee Expense Reimbursement in Payroll