Finding the Best Payroll Software for Franchises
When looking at payroll software for franchises, each company has different needs. A company will have different needs based on factors like size and location. Before you consider any payroll service, make sure to consider these and other factors. Bookkeepers and local accountants work for some businesses. However, if you have in-house payroll specialists, a […]
How to Use Payroll Software for 1099 Employees
Small business owners should, first and foremost, explore the best payroll software for 1099 employees. Finding what works best for your business early on will help to strengthen future financial decisions. However, paying 1099 independent contractors differs from standard W-2 employees. Make sure that you know the outlined steps below for paying 1099 independent contractors. […]
Are Bonuses Included in W2 Filings?
If you have paid a bonus to employees sometime during the tax year, you may wonder: Are bonuses included in W2 filings? In short: Yes. An employer should report bonuses paid to an employee in box 1 of a W2. However, this can get a little complicated. The following guide will walk you through the […]
How the Tax Filing Extension Might Affect You
If you’re a small business or accountant, the bulk of your tax work is likely already out of the way. For most employers and accounting professionals, January is the busiest part of tax season. Between sending out W-2s and 1099s, calculating year-end totals, and figuring out which forms you need to file, the early months […]
Understanding Important 2018 Tax Changes for Employers
Late in 2017, the President signed into law the Tax Cuts and Jobs Act, known colloquially as the TCJA. This legislation represents the tax reform plan put forward by the Republican Party, and it is the most significant tax overhaul in more than 30 years. Here are the important 2018 tax changes for employers that […]
Payroll for Accountants is the Tool You Need
Accounting needs vary from business to business, and accountants need to adapt their techniques to best fit their clients’ requirements. Investing in payroll software for accountants is an excellent strategy for understanding the ever-evolving marketplace. Rather than completing tasks manually or through a variety of methods, purchasing a single payroll software for accountants can increase […]
Royalty Payments are Easy with this Software Solution
For publishing and label companies and other types of payers, royalty reporting is more complicated than it may seem. If you’ve given a royalty interest, you may be looking to report payments on Form 1099-MISC, adding yet another task to your quarterly or annual calculations. Between calculating your federal, state, and local taxes, as well […]
How to E-File Extensions and Corrections for Your Small Business
If you struggle to get your payroll and employer tax information organized and reported in a timely fashion, you may need to e-file extensions or corrections to get your business square with the IRS. Whether you’re up against a deadline and running out of time or you’ve filed the wrong information or form due to […]
Quickly Get IRS Mailing Addresses for Your Filing Forms
IRS mailing addresses are not hard to find. Generally speaking, you can get the address from the form instructions. Still, you may have had the blank filing forms for weeks or months, while misplacing the original instructions. You may have an unusual filing situation, or you may live in an odd location. Indeed, there are […]
What Businesses Should Know about an Employment Contract
A written employment contract does not provide license to get around anti-discrimination laws and other types of employment regulations. Moreover, systematic deception and coercion may run afoul of an obligation to act with “good faith and fair dealing.” With this in mind, here are some of things businesses commonly include in these contracts: The terms […]