Payroll & Taxes

  • Tax Hardship Relief in Sight for Victims of Hurricanes

    October 10

    As many in impacted areas across Florida, Georgia, Puerto Rico, the U.S. Virgin Islands, and parts of Texas focus on rebuilding after widespread damage from Hurricanes Harvey, Irma, and Maria, the prospect of their 2016 tax-filing extension running out on October 16, 2017 is an added cause of stress.

  • You've Cut Non-Essential Costs and Still Can't Make Payroll, Now What?

    October 2

    When it comes to starting and running a small business, there are a million moving parts, to say the least. Keeping track of rent, utilities, insurance, inventory, recruiting and staffing, payroll...the list goes on and on. And when you are that close to the trees, it can be hard to see the forest—your overall business cash flow.

  • Must-Pay Expenses When You Have a Cash Flow Problem

    September 27

    Managing and predicting cash flow as a small business owner can be very challenging. Especially when you're starting out, you might find yourself in a situation of having committed sales, but unpaid invoices. Or, as you expand, you might have some growing costs that are higher than projected or coincide with a slow month.

  • Understand W-2's and 1099s Gig Economy

    August 29

    With the gig economy making up 34 percent of the workforce in the United States, things are changing quickly both for workers and employers. The gig economy refers to the labor market made up of short-term contracts or freelance work versus a permanent job.

  • Exempt vs. Non-Exempt: Small Business Employee Classifications Are Not Created Equal

    June 7

    Bringing a new employee into your company can be a big step. As a small business, each new employee is not only a testament to the success and potential of your business, but a significant investment of time and monetary resources.

  • Small Business Payroll Pitfalls and How to Avoid Them

    May 24

    When you're a small business owner, there's never enough time in the day. You're probably handling HR, customer service, sales, and marketing on any given day of the week, not to mention all of the back office work needed to keep the lights on, employees paid, and taxes filed – and that's before you get to the real work of serving your customers!

  • Enrolling with a Payroll Service? Have These Items Ready

    December 17

    Starting with a new payroll service can be a bit unnerving. You may have several questions such as, “What information will they ask for? And are there documents they’ll need to see?” Being prepared will go a long way in simplifying the process.

  • The 2017 Small Business Tax Changes Guide

    December 13

    In a perfect world, the tax system would remain the same from year to year. For individuals and small business owners, this would make life much easier. Unfortunately, this isn't reality.

  • Year-end Tax Mistakes to Avoid in 2016

    December 12

    As you plan for 2017, you don't want to lose sight of what's required of you (and your company) to finish up the current year in the appropriate manner.

  • Bi-Weekly vs. Monthly Payroll: What You Need to Know

    December 11

    Setting up payroll for your company is easier today than ever before. All you have to do is compare providers and make a decision based on your findings. Of course, there are important questions to answer along the way. Here is one that requires your full and undivided attention: how often will you pay employees?

  • Tax Laws Every New Small Business Owner Should Know

    December 8

    If you want to be a successful business owner, you have to know some things about tax laws to succeed. Even if you hire an accountant, you have to know some things for yourself. Today, I will share some tips about various tax laws which every new small business owner should know about. These insights are derived from my experience working with clients through my own accounting firm.

  • When is the Best Time to Switch Your Payroll Service?

    December 7

    As a small business owner, quarterly tax filings give you a chance to assess your current payroll provider to make sure you’re getting everything you need out of the relationship. And, if you’ve already been toying with the idea of finding someone new then maybe it’s time to switch. 

  • The Quick Start Guide to the Best Payroll Service

    December 3

    The importance of payroll to small businesses stands out more today than perhaps it has in previous years. Not only are small businesses paying billions in payroll tax penalties, but we're also seeing a record number of wage theft cases.

  • Most Common Payroll Mistakes Among New Companies

    November 30

    There are payroll mistakes that benefit employees, as well as those that benefit employers. But either way, a mistake is a mistake.

  • How to Fill Out the W-4

    September 27

    As an employee, there is no tax form more important than your W-4. Also known as an Employee's Withholding Allowance Certificate, this form is one that every employee needs to complete before his or her first day on the job.

  • Advantages of Weekly Payroll vs. Monthly Payroll

    September 24

    From the moment a company starts hiring employees, it must decide what payroll schedule to follow. While this may sound like an easy decision, there are many options to consider.

  • The Payroll Schedule: How to Create One

    September 15

    Small business owners often spend a lot of time developing and utilizing the payroll schedule. While most owners aren’t payroll experts, a flawless schedule is critical. When payroll mistakes happen, employees may get shortchanged or paid late. This can really hurt morale and cause employees to question your competence. If you’ve never created a payroll schedule before, here’s how to start and get it right from the first paycheck.

  • Calculating Payroll Taxes 101 - [UPDATED]

    September 9

    For many employees, payday is up there with Christmas and birthdays — but even better since it comes around more than once a year. For employers, on the other hand, payday can be a never-ending and sometimes pretty stressful responsibility. While payroll services and software are readily available, employers may still have to devote a good chunk of time and grit to comply with both employment and tax laws to make sure payroll flows smoothly each pay period. Thankfully, there are some general guidelines to follow when it comes to basic payroll calculations.

  • The Difference Between Tax Penalties and Interest

    August 18

    Many taxpayers lump together penalties and interest, thinking that they are the same thing. However, nothing could be further from the truth.

  • Avoiding the Top Small Business Tax Pitfalls

    March 14

    Ensuring you don’t fall victim to these tax traps will help you avoid hefty IRS fines, whether you’re just starting out or running your business day-to-day.