The Payroll Blog

News, tips, and advice for small business owners

  • 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.

  • Generation Z Represents Entrepreneurial Trend

    November 24

    There has been a lot of talk about millennials over the past couple years. But remember this: there is another generation coming down the pipeline in a hurry. The first members of Generation Z, defined by anyone born after 1995, are graduating college and making their way into the professional world.

  • Do Employers Have to Pay for Jury Duty?

    November 19

    It won’t take long for a new business to confront a situation where an employee is required to serve on a jury. Then what happens?

  • The How to Get More Stuff Done Guide

    October 24

    When it comes to productivity, especially in the workplace, you never want to slack off. Instead, you should strive to reach peak performance on a daily basis.

  • How to Run a Successful Restaurant Business

    October 12

    Ready for the unhappy truth about starting and running a successful restaurant business. Sixty percent of new restaurants just aren’t going to make it, according to a CNBC report. 

  • How Do I Get an EIN Number?

    October 1

    A Federal Employer Identification Number (FEIN), also known as an Employer Identification Number (EIN), is used to identify a business entity. While not always the case, most companies need an FEIN to conduct business.

  • 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.

  • Can I Pay My Nanny as a 1099?

    September 25

    Many people have the desire to hire a nanny. That is until they learn more about what this means from a tax perspective. Not only do you have to withhold FICA from your nanny’s paychecks, but you are responsible for paying 7.65% (6.2% for Social Security tax and 1.45% for Medicare tax) as an employer.

  • 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.

  • How to Grow Your Accounting Business Through Payroll

    September 21

    Professional accountants assume the roles of trusted advisor and partner to small businesses, delivering sound financial management at every stage of their clients’ business process. But, did you know that according to a study by L. Harris Partners nearly 1 in 3 clients use multiple CPA firms, due to one firm lacking what the other one entails?

  • The Importance of Using Accounting Software

    September 16

    Many small business owners are aware of the importance of using accounting software. And then you have those who are stuck in the past, using a “pen and paper” system because that is what they have become familiar with over the years.

  • Should I Hire an Independent Contractor or Employee?

    September 16

    As a small business owner, it is important to know when you need additional workers and when you can hold off on hiring. This can be a slippery slope, especially when you begin to consider all your options.

  • 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.

  • Do You Have to Provide Workers' Comp for Your Nanny?

    September 7

    When you hire a nanny, it is imperative to think of this person as more than a helper around the house. You are now this person’s employer. For this reason, you are responsible for a variety of HR-related tasks, including but not limited to insurance, payroll, and taxes.

  • I Have a Nanny: What Taxes Do I Need to Pay?

    September 7

    Hiring a nanny will impact your life in many ways, including your finances. In addition to the salary you pay your nanny, you are expected to pay a combination of taxes. Neglecting to do so could lead to trouble with the IRS, including large penalties.

  • How Do I Pay My Nanny?

    August 27

    If you require assistance caring for your child in your own home, hiring a nanny may be the best decision you can make. While this sounds like a good idea, you don’t want to take action until you answer a few key questions:

  • 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.