Payroll & Taxes Blog

Whether you are just opening your business with a full staff or you’ve been in business for a while and are just adding an employee to the mix, setting up your payroll for the first time can be overwhelming.

Even in the best of times payroll and related taxes can be a confusing and moving, target for small business owners, with costly (or worse) penalties for getting it wrong.

Payroll taxes are federal, state and local taxes withheld from an employee's paycheck by the employer. These taxes consist of income taxes, unemployment taxes, and deductions for Social Security and Medicare taxes, the last of which are often referred to as "the payroll tax."

As a small business owner, hiring your first employee means that it's time to implement a payroll process.

The Federal Insurance Contributions Act (FICA) is a federal law that requires employers to withhold three different types of employment taxes from their employees’ paychecks.

Managing payroll is often a task small business owners aren’t prepared to handle when opening their doors.

Whether you get to choose your payroll schedule or the state decides for you, you’ll want to fully understand how the pay period will work for your business and employees.

When setting up payroll for your small business the first time, it’s common to feel overwhelmed and make some mistakes.

If you plan on a DIY payroll approach, you’ll need the 4-1-1 on payroll taxes.

While many payroll and tax mistakes do have a fix and you can get help resolving any errors, some of these mistakes can be costly so you’ll want to try to avoid as many as possible early on.

As a small business owner, you likely spend quite a bit of time number-crunching. Sometimes, that task can get overwhelming.

On the surface, running payroll may sound like a simple task: you put in your employees’ hours and rate or weekly salary, calculate the amount for that payroll, and pay them, right?