Payroll & Taxes Blog

While applying for an extension may be an option, you will want to be fully aware of the process, and advantages and disadvantages, before doing so.

Did you know that there are many tax deductions available to small business owners?

It’s a new year, which means new tax changes.

Before you leave the decade behind, here are a few things to keep in mind as you close out your payroll for the year.

Taxes. Your favorite subject right? 

When it comes to payroll, there are a lot of high stakes in play including tax compliance, employee trust, and payroll fraud. 

As a business owner, there’s no shortage of tax forms to familiarize yourself with.

Even though the Tax Cuts and Jobs Act was rolled out more than a year ago, several of the revisions went into effect in 2019 and will affect many taxpayers 2020 returns.

Whether an employee takes another job, or you terminate their employment, there will likely come a time in your small business journey that you have to deliver a final paycheck.

When choosing to employ independent contractors, it’s important to note that there are payroll and tax requirements that differ from full-time employees.  

As a small business owner, you know that running payroll is a complicated task. With the fear of entering incorrect information and mistakes that lead to hefty fines, it’s a smart move to get some help and outsource your payroll. 

Payroll mistakes can happen faster than you think and are often expensive and time-consuming to fix. Using a  payroll service is the first step toward minimizing financial risk and taking back control of your schedule—but not all payroll services are created equal.