For financial advisors, handling multiple clients in different regions or states requires comprehensive payroll software. They need payroll software to help keep their advisory firm ...
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 ...
Yes, the most comprehensive payroll software generates a variety of reports, including those for labor cost analysis and budgeting purposes. All of your payroll reports ...
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 ...
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 ...
Yes, small businesses can add built-in income types with payroll software to calculate and track accruals for sick leave and vacation time. Track these specific ...
Payroll software offers automation for any payment deadlines, but a built-in payroll calendar and reminders for key payroll dates is less common. Use a few ...
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 ...
Report any income from employee nonqualified deferred compensation in Box 11 “Nonqualified Plans” on a W2 form. You must report the income for an employee ...
Employers generally do not report income from employee cell phone or internet usage on a W-2 form. Independent contractors often claim more tax deductions than ...
Yes, employers can file a W-2 form for payments that they make to a foreign employee working remotely for their business. You legally must withhold ...
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 ...
Report your employee’s income from jury duty in Box 1 “Wages, Tips, and Other Compensation” on a W-2 form. Employers must report additional income that ...
Employers must report the income from the employee life insurance coverage in a few boxes on a W-2 form. All employers must first determine whether ...
