What Qualifies as a 1099 Employee? A Guide
Knowing what qualifies as a 1099 employee is more complex than determining how many hours someone works or how long they have worked for you. Any sized business may hire employees and short- or long-term contractors. Understanding the important distinction between employees and contractors influences the tax forms that you use as you onboard a […]
Form MW-507 Help: Managing Maryland Payroll
Employers must familiarize themselves with relevant state withholding form requirements, which may mean seeking MW-507 help. Collect all employee MW-507 forms so you can fully set up your Maryland payroll. Make sure all employees complete the mandatory Form MW-507. You need the form in order to calculate the estimated income tax that you withhold from […]
What to Look for in the Best 1099 E-File Service
Reduce the amount of time and money that you spend on different 1099 and W-2 forms with the best 1099 e-file service. Consider not needing to worry about paying for overtime 1099 management or purchasing countless amounts of materials. You will find that you get the added convenience of not needing to load unique forms […]
What is Good Payroll Software for Independent Contractors?
Hiring 1099 workers for your small business requires investing in trustworthy payroll software for independent contractors. Different businesses have unique quality software requirements. Some businesses may experience issues with software scalability. Other businesses may face sudden integration issues or dislike rigid payment options. Whether your business’s software does not meet your needs or you want […]
How to Report Bonus on Tax Return: A Guide
Many employers issue annual bonuses to their employees and must know how to report bonus on tax return forms. Reporting bonuses requires all parties to understand their role. An employer typically reports bonuses that they paid to an employee in Box 1 of a W-2 form. Keep in mind that employers may issue bonuses in […]
The Benefits of W-2 Maker Software
Employers must take certain steps before they invest in W-2 maker software. You have already sought out employee consent and provided IRS-mandated disclosures. You informed all parties about key deadlines. It is only after taking these steps that employers can truly start considering what software meets their business’s needs. Going electronic for W-2 forms is […]
Who Needs 1095-C Software?
Employers must prioritize knowing if they need 1095-C software support. Remind yourself of the purpose of Form 1095-C. You will have a much easier time as you determine your business’s software needs moving forward. As a refresher — Form 1095-C includes the health insurance coverage information that an employer offered and if each employee enrolled […]
What Makes the Best Payroll for Bookkeepers?
Utilizing the best payroll for bookkeepers is essential for all businesses. Managing the books not only helps keep businesses afloat but fully on track. Knowing that the business’s numbers are up-to-date and accurate helps employers ensure payroll tax compliance. Some employers will choose to outsource for bookkeeping services. Yet they can choose to invest in […]
How to Calculate Medicare Tax with Payroll Software
Learning how to calculate Medicare tax and additional deductions is simpler when you invest in automated processing tools. Knowing which taxes make up the Federal Insurance Contributions Act (FICA) is the first step. Different rates apply for old-age, survivors, and disability insurance taxes. The Medicare tax rate remains consistent unless the government decides to alter […]
What is a C2C Contract?
Establishing a relationship between your business and a corporation is the basis for what is a C2C contract agreement. Small businesses entering into a corp-to-corp arrangement often want to recruit people without worrying about hiring longevity. Focusing on employee retention or a long-lasting relationship is not the purpose of establishing these contracts. It is primarily […]