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Payroll Tax Deductions: An Explanation for Employers

Posted by Celeste Gibson, FPC on Dec 12, 2017 9:00:00 AM

If you handle payroll, you’ve probably heard the term “payroll tax deductions.” The law requires payroll taxes be withheld from an employee’s paycheck. Employers then remit those taxes to various tax agencies. This article is meant to help you better understand what to withhold from employee paychecks, what to do with what you collect and how to report it. Here are some examples:

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Topics: Payroll

What Employers Should Know About Payroll Processing in 2018

Posted by Celeste Gibson, FPC on Nov 30, 2017 9:00:00 AM

As a small business owner, processing payroll can be overwhelming; especially if it’s the first time you’ve ever done it. There are so many things to learn, from new software to various payroll processes. You may even come across some terms you’ve never heard of before! This blog will help you navigate payroll processing in 2018, whether you choose to do it yourself or outsource it to a payroll company or Professional Employer Organization (PEO).

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Topics: Payroll

4 Payroll Tax Mistakes Small Business Owners Make

Posted by Dana Spinello, CPA on Jul 5, 2017 9:00:00 AM

One of the biggest expenses for your business is payroll and doing it correctly is essential. Along with paying your employees, comes paying taxes. Payroll taxes can be one of your biggest headaches. If not done correctly, you could face major penalties. It’s vital you properly calculate, withhold, report and deposit tax monies from employees’ paychecks. Here are just some of the taxes employers must account for:

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Topics: Payroll, payroll tax

How to Run a Complex, Semi-Monthly Payroll

Posted by Christine Pahl, PHR on Jun 27, 2017 9:00:00 AM

Running a semi-monthly payroll for non-exempt employees can be challenging. It gets complicated because employers are required to track the actual number of hours worked each workweek (seven days) and pay overtime if more than 40 hours are worked in that workweek.

A common mistake is to assume 86.67 hours each pay period (or some other identical amount every pay period), however employers are required to track (and pay for) all hours actually worked (including overtime) each workweek, not an “average”. Unfortunately, there are not exactly the same number of workweeks in each month nor are there exactly the same number of days and hours in each semi-monthly pay period.

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Topics: Payroll, Human Resources, overtime

An Employer’s Guide: How to Garnish Wages

Posted by Alison Cammick on Jun 6, 2017 9:00:00 AM

A wage garnishment is an involuntary court order that requires an employer to withhold a portion of an employee’s wages to pay part of that employee’s outstanding debt. The issuing agency will notify employers about the need to garnish an employee’s wages by issuing a writ of garnishment; and employers must legally comply. Many employers aren’t sure how to garnish wages, so they ignore the order and/or miss a response deadline.That decision could land you in court - or worse, leave you on the hook for the employee’s debt.

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Topics: Payroll, Human Resources, garnishments

3 Things to Look for in an Outsourced Payroll Company or PEO

Posted by Sarah Tupper on May 30, 2017 9:00:00 AM

Whether you’re an office manager, or a business owner trying to do the jobs of several people, payroll is an important aspect of running a business. Many managers and owners choose to outsource payroll because it’s time consuming, and requires a great deal of knowledge. Having an outside company handle payroll not only saves you time, but helps you avoid costly and sometimes embarrassing errors. Options range from companies with do-it-yourself software platforms to Professional Employer Organizations (PEOs) that assume a high level of responsibility and liability on your behalf. Here are some things to look for when choosing a payroll company or PEO.

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Topics: Payroll, Small Business Management, Human Resources, top talent

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