The Payroll Blog

News, tips, and advice for small business owners

  • Do I Need Workers' Compensation Insurance?

    February 7

    In this article, we'll explore the ins and outs of securing workers’ compensation insurance for your small business, including who requires coverage, how plan costs are calculated, and what you need to know to help protect your company.

     

  • Social Security & Medicare Taxes for Household Employees

    February 6

    The nanny tax actually consists of multiple taxes. Out of the taxes covered, Social Security and Medicare taxes are two of the most important ones you’ll want to understand when processing nanny payroll. These taxes are commonly referred to as payroll tax, but when dealing with nanny payroll, the taxes take on the name of the “nanny tax”.

  • The Early Bird Gets the Refund - 4 Reasons to File Your Taxes Early

    February 4

    Did you know, besides getting your potential refund faster, there are actually several benefits to filing your taxes early?

  • Understanding Emotional Intelligence

    February 1

    Emotional intelligence is a subject that’s been increasing in popularity among leaders and small business owners. So what is the hype and why is it important for your small business? In short, emotional intelligence is having the ability to understand, articulate, and act on your own emotions, and understand the emotions of others. As a business owner, this is helpful in both managing your employees and understanding your customers. The articles below help further explain what emotional intelligence is, dive into more of the benefits of focusing on this area, and provide tips if you’re looking to increase your own emotional intelligence.

  • Differences between bi-weekly and semi-monthly payrolls

    February 1

    When setting up payroll for your small business, one of the things you'll have to set up is a payroll schedule. Depending on where you live, your state may make this decision for you and provide guidelines for the type of payroll schedule you need to follow. Other states leave the choice up to business owners to decide. The four payroll schedules are: weekly, bi-weekly, semi-monthly, and monthly. Most confusion comes with understanding bi-weekly and semi-monthly payroll schedules becasue they seem very similar. However, there are a few differences you should know. 

  • Do You Owe the Nanny Tax?

    January 31

    Being a parent is hard work. From juggling multiple schedules, to managing a work / life balance, there is a good chance that from time to time you’re going to need a little extra help in your life. When looking to hire a nanny or household employee, you will have to make sure that this new employee is paid accurately. Often times, people believe these household employees can be paid under the table, which essentially means paying cash to avoid taxes. However, when it comes to household employees, it’s important that you’re paying the nanny tax.

  • Customer Service - January 25

    January 25

    When thinking about customer service, you probably are focusing more on the actual conversations with customers or ensuring you have a plan in place to help them throughout their buying journey with your small business. However, customer service is more than just the face-to-face interactions or the emails you send to customers and the help you provide when customers have questions or problems. To make your customer service efforts better than ever, we encourage you to look at other areas of customer service that you may have not considered.

  • Things Your Accountant Wants You to Know For Tax Season

    January 24

    According to Investopieda, “tax season is the time period between January 1 and April 15 of each year when individual taxpayers traditionally prepare financial statements and reports for the previous year”.  

  • Federal Unemployment Tax Act (FUTA): 10 Things to Be Aware Of

    January 21

    Understanding the true cost of an employee can be confusing. After all, it’s not just an employee’s wages that business owners have to account for. There are also payroll taxes, benefits, and other associated costs that need to be considered.

  • Optimize Your Morning Routine

    January 18

    Being productive comes in waves; some days it’s easy to hop out of bed and be ready to hit the ground running, and other days you’re hitting the snooze button continuously. If you’re trying to be more productive this year and start crushing your goals, we found some articles that can help.

  • Client Corner: I Have a Bean

    January 16

    Pete Leonard is a seasoned small business owner, and since the beginning of his small business journey, has trusted SurePayroll with all of his business ventures. 

  • All Work and No Play: 4 Tips to Change Your Workaholic Ways

    January 14

    We know that as a small business owner you wear multiple hats and are constantly on the go. While running your business is a huge priority in your life, as it is how you financially support yourself, taking breaks is necessary. 

  • New Year Health - January 11

    January 11

    Choosing to make your health a priority in the new year is a popular resolution for many. However, health can take on various forms that you may not be factoring into your resolutions. This week, we have some articles that will help you start 2019 on a well-rounded healthy note covering your physical, mental and financial health.

  • Self-Care for Small Business Owners

    January 8

    Self-care is a topic that is talked about frequently. With increasing stressors, such as struggling to find work/life balance, the negativity that lurks on the news and social media, and just day-to-day stressors, people have been looking for more ways to relax and escape from the negativity. 

  • New Year's Resolutions - January 4

    January 4

    Happy New Year! The start of a new year is the opportunity that many are looking for to start fresh and set some new goals. However, by January 17th many people stop pursuing these new resolutions altogether. If you’re looking to make some changes this year, we found some articles that might help. First of all, if you haven’t set any resolutions yet, don’t panic, because our first article says waiting can be best. Next, so you don’t waver from your goals, we found some very simple tips for helping your resolutions stick. Last up, check out some resolutions one small business owner set for business in 2019 that are still relatable today.

  • 2019 Trends and Changes - December 28

    December 28

    2019 is officially next week, and while it may just be another day on the calendar, the new year tends to bring in some changes. To help you get started, we found a couple of articles that could be useful in understanding 2019 a little better. First, taxes are going to be a little different in 2019 thanks to the new tax laws passed this year, so you’ll want to plan now to avoid any tax surprises. Next, the retail industry has been constantly changing thanks to technology advancing. If you’re a retail small business owner, you’ll want to check out the trends expected in the new year. Last up, saving for retirement is important, and the IRS has made some changes that will allow you to save even more.

  • What to Expect in 2019

    December 26

    As a small business owner, processing payroll is just one item on your to-do list, but ever-changing regulations and tax code updates can make it the most time-consuming task in a given week. These tax updates occur at the federal, state, and local levels, and depending on where your business is based and where your employees live, some small businesses have it tougher than others. We’ve started this monthly series to focus on state-specific tax considerations, to help you keep up with what’s changing around you.

  • Year-End Employee Tips - December 21

    December 21

    While giving thanks to your employees and showing appreciation is welcomed year-round, there is an extra emphasis on this at the end of the year. Another employee moment that pops up this time of year is annual performance reviews. This week, we found some articles that about how to end the year on a positive note, including ideas to give thanks to your employees, and how to put a more positive spin on the annual review (spoiler: not doing one).

  • Tax Changes to Expect in 2019 (Part 2)

    December 20

    When it comes to tax season, you’re likely crossing your fingers that a big refund is coming your way—but it’s important to get things in order now to help anticipate what your final tax liability will be. 

  • Have a Healthy New Year

    December 18

    In some ways, it feels like we were just talking about New Year’s Resolutions, and other times we realize just how jam-packed the year has been and how much has happened.