Payroll

New Precise Paycheck App Takes the Guesswork Out of Payroll


Now available for smartphones in the app store. Running a business is a lot of work. With the number of issues you have to concern yourself with on a regular basis, we wanted to make an app that would help to streamline one of your company’s most vital processes: paying employees. Like any good business owner, you want to pay your employees accurately, but taking care of payroll quickly...

What You Need to Know about Nonprofit Payroll

Nonprofit tips for meeting federal and state tax requirements Running a nonprofit is a lot of work and it doesn’t end when it comes to payroll. Many nonprofits face a number of payroll challenges compared to for-profit businesses. For example, many nonprofits mistakenly believe that because they are exempt from paying income taxes that they are exempt from payroll taxes too. Regardless of whether a company is a nonprofit,...

5 Tips for Setting Up Payroll for Your New Company

Paying attention to these details may make or break your new biz during startup. If you’re working to get a new business off of the ground, you probably know that there are a lot of details to deal with. One of the most important is payroll. Do you know how to set up payroll for a company? If you do not, there is no time like the present than...

WHAT TO DO WITH LEFTOVER FSA DOLLARS?

You are limited to these four options under the tax code. If you have employees who have flexible spending accounts (FSA), you may be wondering what to do with any leftover money. FSA accounts are great tax-advantage plans that help manage out of pocket medical expenses. Sometimes money is leftover at the end of the year. Here, we address what you should do with that money. A health FSA...

Advantages of Monthly Payroll Ofrver Quarterly Payroll

Why monthly payroll is more frequently chosen. Several options exist when it comes to payroll schedule, while some are better for your unique business than others. Comparing the advantages of these options will open your eyes to many advantages and disadvantages. Two common options include monthly payroll and quarterly payroll, with monthly payroll being the most popular of the two. Quarterly payroll is not ideal for many organizations. Employees...

Three Payroll Mistakes to Avoid as an Employer

Watch out for these common payroll mishaps that will cost you! Paying employees properly can be difficult. Whether it is underpayment, overpayment, or payments that are delivered late, payment mistakes can cost you as an employer. The following are three of the most common payment mistakes that employers make that you should be watchful for. Not Staying Up to Date with Legislation Employment legislation laws change from time to...

Paying Employees Under the Table

And why you don’t want to do it. Handling your business’s finances can get confusing. Figuring out tax deductions, reporting employee’s income, keeping records and all of the other things you have to figure out when managing payroll can be a pain in the backside. Some businesses opt to avoid all of that by paying their employees under the table (or paying them off of the record) by giving...

Overtime Pay: What You May be Missing

Many employers (especially those just starting out) have a hard time seeing through the murky waters of overtime pay and how it should be addressed legally speaking. Many employers get tripped up by confusing work week hours with pay period hours. Overtime for non-exempt hourly employees needs to be calculated on a 7-day time period, regardless of how often your employees are paid. For example, if an employee who...

How Much Health Insurance Should A Small Business Offer?

These three questions will help you determine the right solution for your small business. Today, state and federal mandates exist regarding offering health insurance to employees. But how much health insurance is enough for a small business? After salaries, health insurance is one of the most expensive expenditures a small business has to make. It can be difficult calculating how much is enough and there is not a one-size-fits-all...

Out of State Employees and Reciprocal Agreements

What are reciprocal agreements and when do you need them? States have their own withholding requirements (unlike federal withholding which is the same for employers across the board), including for employees who work and live in different states. Some states require reciprocal agreements for such employees. What is a Reciprocal Agreement? A reciprocal agreement is an arrangement that exists when two states agree that an employee can work in...