Do you know how to pay employees? There are several methods, like checks, direct deposit, and … bitcoin? You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin […]
Read More Bitcoin Payroll: Weighing the Pros and Cons for Small Businesses
Author:
Michele Bossart
What Is Form W-2?
As a small business owner, you should be able to answer “What is a W-2 form?” A W-2 form is a crucial document that reports an employee’s annual taxable wages and the amount of tax withheld from wages.
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Do You Need to File Form 940? If So, Here’s How
Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes.
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What Is the Penalty for Not Paying Payroll Taxes?
Collecting, reporting, and remitting payroll taxes are some of your key responsibilities when you have employees. And if you forget or downright neglect your responsibility, your small business could receive a penalty for not paying payroll taxes.
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With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
Running your business? You’re a pro. Understanding Form W-2? Probably not so much. But when you have employees, you’re responsible for withholding taxes from their employees’ wages and reporting the amount to the government. Not to mention, employees need Form W-2 to file their individual tax returns.
Read More With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
Pay Frequency: How Often Should I Pay My Employees?
Pay frequency is one of the first decisions you must make when you hire your first employee. If you haven’t thought about payroll frequency, now’s the time to start. Employee satisfaction, legal compliance, and cash flow may depend on it.
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Paid vs. Unpaid Internships: What Are the Risks?
Offering internships can be a great way to partner with your local university to train future leaders in your field. But there’s a point of contention … paid vs. unpaid internships. So, if you’re using unpaid interns instead of putting them on your payroll, you may be running afoul of the law.
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What Is the MCTMT Tax?
The Metropolitan Commuter Transportation Mobility Tax (MCTMT) was enacted in 2009 to provide funds for transportation, taxing income earned from wages and self-employment in 12 downstate counties in the state of New York.
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What Are Regular Hours?
The term “regular hours” can mean several different things, but most often refers to the usual hours that employers expect their employees to work. When an employer runs payroll, they usually must select from several different hours types: regular hours, overtime hours, holiday hours, etc.
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Patriot Announces Exclusive Partnership With Vestwell, Offering Affordable Retirement Plans for American Businesses
Canton, OH Patriot Software, LLC, a leading accounting software and payroll provider, today announced an exclusive partnership with Vestwell to offer 401(k) plans with seamless payroll integration. Vestwell is the modern fintech engine powering savings and investment programs for small businesses and individual savers across the country.
Read More Patriot Announces Exclusive Partnership With Vestwell, Offering Affordable Retirement Plans for American Businesses
