The Payroll Blog
News, tips, and advice for small business owners
Tax Laws Every New Small Business Owner Should Know
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.Read More
The Quick Start Guide to the Best Payroll Service
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.Read More
Generation Z Represents Entrepreneurial Trend
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.Read More
Do Employers Have to Pay for Jury Duty?
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?Read More
How to Run a Successful Restaurant Business
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.Read More
How Do I Get an EIN Number?
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.Read More
How to Fill Out the W-4
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.Read More
Can I Pay My Nanny as a 1099?
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.Read More
Advantages of Weekly Payroll vs. Monthly Payroll
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.Read More
The Importance of Using Accounting Software
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.Read More
The Payroll Schedule: How to Create One
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.Read More
I Have a Nanny: What Taxes Do I Need to Pay?
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.Read More