Yes, the best payroll software can automatically calculate your business’s taxes. There are more than a few moving parts when you first learn about payroll ...
Consider all the features, integration, and support that your business needs as you look for the right payroll software. Ask yourself the below questions before ...
The short answer is, sometimes. All payroll software offers unique features and capabilities. The ability for payroll software to handle direct deposit payments is possible ...
Yes, you should generally send a W2 form for reimbursements to your company’s employees. Report substantiated employee business expense reimbursements in box 12 of each ...
Report certain income from employee educational assistance as wages on an employee’s Form W2. There are specific exceptions and guidelines for how you report these ...
Yes, you can file a 1099 form for payments that you make to your independent consultants. The slightly different title does not prevent employers from ...
Simply put, sometimes. The Internal Revenue Service does not require businesses to report all payments that you make to an independent contractor with a 1099. ...
Yes, you can and should use software to generate W-2 forms for the Internal Revenue Service and for your employees. Using software to generate these ...
Yes, payroll software can and ideally should handle deductions, such as healthcare benefits and retirement contributions. Look for a program with the capability to keep ...
Yes, comprehensive payroll software can handle multiple business locations or branches. Look for software that processes “live” or after-the-fact payroll. Payroll software should also include ...
Yes, any reliable payroll software can generate pay stubs for your employees. Avoid the tedious process of creating pay stubs by hand. Keep track of ...
Report income from your employees’ educational scholarships in Box 1 “Wages, Tips, and Other Compensation” on a W-2 form. Use the form when you accept ...
Yes, the best payroll software should handle different types of pay periods for different workers. Business owners require flexibility as they run payroll in accordance ...
Yes, it is possible for your payroll software to handle both salary and hourly employees. Certain employers may prefer to invest in a specific program ...
