Payroll Blog

Payroll Training, Tips, and News

  • What are withholding allowances?

    What Are Withholding Allowances?

    posted by Kaylee Riley
    Newest Article
  • Is overtime taxed differently than regular wages?

    Is Overtime Taxed Differently Than Regular Wages?

    posted by Kaylee Riley
    Recent Article
  • What Are Withholding Allowances?

    When an employee begins working for you, they must fill out Form W-4. You may want to provide Form W-4 help due to the potentially confusing language of this document. On the form, employees can claim withholding allowances. But, what are withholding allowances?

    Is Overtime Taxed Differently Than Regular Wages?

    If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours.

    In each pay period, you need to track employee time worked. Then, at the end of the pay period, you will calculate employee compensation. You will also have to withhold employment taxes.

    As you are doing payroll calculations you might wonder, is overtime taxed differently than regular time?

    What Happens If You Don’t Pay Payroll Taxes?

    Consider this scenario:

    You withhold payroll taxes from employee wages. You keep the money apart from your business’s other funds. But, you’re a busy business owner, and you have a lot of tasks to handle. You completely forget your tax deposit due date, resulting in failure to pay payroll taxes.

    Or, does this situation resonate with you?

    What Is Compensation?

    You give your employees a regular paycheck. But, you might also give other wages to your employees. Do those other wages count as compensation? What is compensation?

    When Can an Employee Take FMLA Parental Leave?

    There are almost 65.7 million parents in the U.S. who reside with a child who is age 18 or under.

    No parent should ever have to choose between their job and the needs of their children. That’s why parental leave exists.This benefit lets parents have time off to care for new children, illnesses, and education-related obligations.

    As an employer, you can offer FMLA parental leave to your employees. However, there are certain federal FMLA rules you must follow to maintain a legal parental leave policy.

    How to Do Payroll Yourself

    If you’re thinking about hiring employees, you need a plan for payroll.

    You can learn how to do payroll yourself. There are several payroll options to choose from. Depending on which option you choose, there are different tasks, time commitments, and costs involved.

    Below are three ways you can do your own payroll.

    What Is Child Support Withholding?

    Of all custodial parents in 2013, 48.7% were awarded child support.

    As an employer, you might be involved in the child support process. Employers account for about 75% of child support and medical support collections. At some point, you might have to deduct child support withholding from employee wages.

    What Is Attendance Management?

    Employees come to work, do their jobs, and then go home. Day after day. But, sometimes employees call off sick or come in late. They might ask you to rearrange their schedules to accommodate their personal lives. How can you possibly keep track of all the coming and going?

    You need an attendance management system for employees.

    When to Deposit and Report Employment Taxes

    You’ve figured out how much to withhold from employee paychecks. But, what do you do with the money you withhold?

    You need to report and send employment taxes to government tax agencies. So, when do you do those things?

    The information for depositing and reporting employment taxes is below.

    ITIN Renewal Required as Part of PATH Act

    Many Individual Taxpayer Identification Numbers (ITINs) are set to expire on Dec. 31, 2016. Find out which ITINs are set to expire and what the ITIN renewal process is.

    What Are Withholding Allowances?

    When an employee begins working for you, they must fill out Form W-4. You may want to provide Form W-4 help due to the potentially confusing language of this document. On the form, employees can claim withholding allowances. But, what are withholding allowances?

    Is Overtime Taxed Differently Than Regular Wages?

    If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours.

    In each pay period, you need to track employee time worked. Then, at the end of the pay period, you will calculate employee compensation. You will also have to withhold employment taxes.

    As you are doing payroll calculations you might wonder, is overtime taxed differently than regular time?

    What Happens If You Don’t Pay Payroll Taxes?

    Consider this scenario:

    You withhold payroll taxes from employee wages. You keep the money apart from your business’s other funds. But, you’re a busy business owner, and you have a lot of tasks to handle. You completely forget your tax deposit due date, resulting in failure to pay payroll taxes.

    Or, does this situation resonate with you?

    What Is Compensation?

    You give your employees a regular paycheck. But, you might also give other wages to your employees. Do those other wages count as compensation? What is compensation?

    When Can an Employee Take FMLA Parental Leave?

    There are almost 65.7 million parents in the U.S. who reside with a child who is age 18 or under.

    No parent should ever have to choose between their job and the needs of their children. That’s why parental leave exists.This benefit lets parents have time off to care for new children, illnesses, and education-related obligations.

    As an employer, you can offer FMLA parental leave to your employees. However, there are certain federal FMLA rules you must follow to maintain a legal parental leave policy.

    How to Do Payroll Yourself

    If you’re thinking about hiring employees, you need a plan for payroll.

    You can learn how to do payroll yourself. There are several payroll options to choose from. Depending on which option you choose, there are different tasks, time commitments, and costs involved.

    Below are three ways you can do your own payroll.

    What Is Child Support Withholding?

    Of all custodial parents in 2013, 48.7% were awarded child support.

    As an employer, you might be involved in the child support process. Employers account for about 75% of child support and medical support collections. At some point, you might have to deduct child support withholding from employee wages.

    What Is Attendance Management?

    Employees come to work, do their jobs, and then go home. Day after day. But, sometimes employees call off sick or come in late. They might ask you to rearrange their schedules to accommodate their personal lives. How can you possibly keep track of all the coming and going?

    You need an attendance management system for employees.

    When to Deposit and Report Employment Taxes

    You’ve figured out how much to withhold from employee paychecks. But, what do you do with the money you withhold?

    You need to report and send employment taxes to government tax agencies. So, when do you do those things?

    The information for depositing and reporting employment taxes is below.

    ITIN Renewal Required as Part of PATH Act

    Many Individual Taxpayer Identification Numbers (ITINs) are set to expire on Dec. 31, 2016. Find out which ITINs are set to expire and what the ITIN renewal process is.