A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are.
Read More A Breakdown of the Colorado Occupational Privilege TaxesKaylee DeWitt
How to Pay Nonprofit Employees
People often think that nonprofit organizations run off of volunteers, or if they do have employees, they are poorly paid. This isn’t always true. Many nonprofit organizations have employees and they are well compensated for their work. Nonprofits tend to attract and retain top talent by giving their employees compensation that is similar or equal […]
Read More How to Pay Nonprofit Employees
What to Do With Deceased Employee Wages and Benefits
Death is not easy for anyone. But, if an employee suddenly dies, your small business can be hit hard. Employees might want to use bereavement leave. You also need to keep your business’s administrative tasks going. When an employee dies, your payroll responsibilities don’t die, too. You will need to tie up any loose ends […]
Read More What to Do With Deceased Employee Wages and Benefits
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 […]
Read More What Is Attendance Management?
What Is a Workweek?
Let’s say your employees come to work Monday through Friday. They don’t work at all on Saturday and Sunday. Monday through Friday is their workweek, right?
Read More What Is a Workweek?
Is Unlimited Paid Time Off Right for Your Business?
Paid time off (PTO) is a benefit employers sometimes offer to their employees. PTO can include leave for vacations or personal days. Offering PTO is not federally mandated in the Fair Labor Standards Act (FLSA), but there are some state-mandated paid sick leave laws. Many businesses still offer some form of PTO.
Read More Is Unlimited Paid Time Off Right for Your Business?
State Income Taxes for Out of State Employees
Each state’s income taxes are different. Some states have low taxes, some have high taxes, and some states don’t have income taxes at all.
Read More State Income Taxes for Out of State Employees
The Basics of Schedule SE
If you are a small business owner who earns self-employment income from your business, you must pay self-employment tax. Like all taxes, there is a specific form to calculate and file self-employment tax. Do you know what form to use for self-employment tax?
Read More The Basics of Schedule SE
What Is the Form W-2 Deadline?
Form W-2 is a document that details what you paid an employee during a calendar year. It shows their gross wages, withheld taxes, and other withholdings.
Read More What Is the Form W-2 Deadline?
Do Employers Have to Pay Unemployment Taxes?
As a small employer, you have all sorts of payroll taxes to worry about: income taxes, Medicare tax, and Social Security tax. But, what about unemployment taxes? Do employers have to pay unemployment taxes?
Read More Do Employers Have to Pay Unemployment Taxes?
