Can Payroll Software Generate Year-End Payroll Reports, Including W2s and 1099s?
Yes, your company’s payroll software should have no issue generating year-end payroll reports, including W2s and 1099s. Invest in payroll software that details your business’s wages and the total tax liability on the federal, state, and local levels. These year-end reports allow you to see if your business needs to make or could benefit from […]
Can Payroll Software Handle Calculations for Payroll Deductions, Such As Federal and State Income Taxes?
Yes, payroll software can handle calculations for payroll deductions. Calculate your business’s payroll deductions, such as any federal and state income taxes, with reliably accurate tools. Do not use manual calculations for these business taxes or for the others. The most comprehensive payroll software provides tools that automatically calculate federal, state, and local payroll taxes. […]
Does Payroll Software Have Built-In Support for Managing Wage and Hour Compliance?
Yes, small and larger-size business owners can invest in payroll software that provides built-in support for managing wage and hour compliance. Each potential payroll software offers different features for its users depending on factors like their workers’ classifications and company’s size. Look for wage and hourly compliance software that automatically calculates and withholds the correct […]
Does Payroll Software Support Electronic Filing of Payroll Taxes?
Yes, payroll software supports electronic filing of payroll taxes. Businesses of any size or type should look for payroll software that integrates with accounting and e-filer software programs. E-Filer software can produce a business’s required W-2 and 1099 files for the Internal Revenue Service and the Social Security Administration. Create your business’s state W-2 files […]
Can Payroll Software Handle Different Payment Frequencies?
Yes, comprehensive payroll software can handle different payment frequencies, such as weekly, bi-weekly, or monthly cycles. Look for a payroll system that is both scalable and flexible for your business’s unique needs. It should accommodate growth and allow you to adjust frequencies if you pay both independent contractors and traditional employees. A payroll management system […]
Does Payroll Software have Built-In Tax Rate Updates to Ensure Accuracy?
Sometimes, so make sure that you look for payroll software with specific features that you want. The best payroll software offers built-in tax rate updates to ensure accuracy and efficiency when you complete your payroll management tasks. Use up-to-date software to help protect you and your business from incurring high penalties from the Internal Revenue […]
Can Payroll Software Handle Contractor Payments and Issue 1099 Forms?
The simple answer is, sort of. Payroll software handles contractor payments for many types of businesses. A business owner should look for a complete database system that allows them to generate and issue 1099 forms. The first step is to look for the most comprehensive payroll software that meets your business’s payment requirements. Do you […]
Can Payroll Software Handle Garnishments and Wage Attachments?
Yes, the best and most comprehensive payroll software can properly handle garnishments and wage attachments. Some payroll software provides built-in features for payroll garnishment. You can usually automate your garnishments and wage attachments once you properly set up the system. Look for a payroll vendor that offers its users a variety of functions to meet […]
Can Payroll Software Handle Different State and Local Tax Requirements?
Yes, but do not take geo-location software tools for granted. All software providers offer different tools and features for their products. One payroll software does not necessarily handle the same state and local tax requirements as another option. Ask upfront questions to a payroll provider to ensure that any potential software provides coverage in the […]
How Secure is Payroll Software at Protecting Sensitive Employee Data?
Payroll software offers users the security that they look for when investing in it. Payroll vendors have differing priorities for how their product protects your sensitive employee data. Look for a vendor that provides transparency in how they protect employee data. Take some steps on your end to ensure that you do all that you […]