Payroll Articles

Payroll Tips, Training, and News

Make an Employment Tax Mistake? You May Face the Failure to Deposit Penalty

Part of the role of being an employer is withholding, contributing to, and remitting employment taxes. But, what happens if you don’t make a payment on time or pay an incorrect amount? Cue the Failure to Deposit Penalty.

December 20, 2021

ERC Ending Early: Implications on Deposits and Penalties

The November 2021 Infrastructure Investment and Jobs Act ended the Employee Retention Credit (ERC) program earlier than expected. Originally slated to expire December 31, 2021, the ERC ended retroactively for most businesses on September 30, 2021. With the ERC ending early, employers probably have questions about deposits—and penalties.

December 20, 2021

A Closer Look at a Leave Donation Program for Your Business

When it comes to running a business, you’re constantly looking for new ways to boost employee morale and increase employee retention. One solution? Creating a leave donation program. But, what is leave donation, exactly? And, how does it work when it comes to taxes?

December 20, 2021

What Is the Employee Retention Credit, and How Does It Work for Employers?

Heads up: Congress recently passed the Infrastructure Investment and Jobs Act, which President Biden signed on November 15, 2021. The new expiration date of the ERTC is September 30, 2021 for most businesses, and the IRS has provided guidance on failure to deposit penalties. Due to the coronavirus negatively affecting businesses nationwide, there are a […]

December 15, 2021

All About Fringe Benefits for Employees

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?

December 13, 2021

Forget to File? Here’s What You Need to Know About the Failure to File W-2 Penalty

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.

December 8, 2021

Oregon’s Multnomah County Preschool for All Tax: The Scoop

If you’re an employer in Oregon (specifically in Multnomah County), listen up. There’s a new personal income tax that went into effect in 2021, and it may impact both you and your employees. What is this new tax in town, you ask? The Multnomah County Preschool for All tax.

December 6, 2021

Reporting COVID Pay on W-2 2021 [+ Deferred Social Security Tax You’ve Collected]

Changes to W-2 reporting for tax year 2021? You can thank COVID-19, again. Read on to learn about reporting COVID pay on W-2 2021. And if you collected deferred employee Social Security tax, you need to know how to report that, too.

December 1, 2021

The Employer Guide to Oregon Metro Supportive Housing Services Tax

Oregon employers have a new tax to add to their payroll radar: the Metro Supportive Housing Services (SHS) tax. So, what is the Metro Supportive Housing Services tax? Who must pay the tax? And, what does it fund?

November 29, 2021

Want it in Writing? What to Know About an Employment Contract

All states except Montana are at-will employment states, meaning employers and employees can end their relationship whenever they want. Employees can leave at any time, and employers can terminate an employee for any legal reason. However, the rules change if there’s an employment contract in play.

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