Elaine « The Payroll Department

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Payroll Services Must Know Tax Code for Fringe Benefits

Posted by Elaine on April 21, 2015

We can safely say that the employers that The Payroll Department works with want to do the best they can for their employees. Of course, they have to balance fiscal responsibility with their own personal interest in providing benefits and health care to their employees. (more…)

Tags: adoption assistance, Brownsburg, employee benefits, fringe benefits, payroll service, small business payroll, The Payroll Department

Posted in: Benefits and Health Care, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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Bi-Weekly vs. Semi-Monthly Payroll

Posted by Elaine on April 14, 2015

To the casual bystander, these two options may appear to be “basically the same,” however, employers should know the difference and employees have to understand how they are paid to prevent any misunderstandings. (more…)

Tags: bi-weekly payroll, Brownsburg, payroll frequency, payroll provider, payroll service, payroll taxes, scheduling payroll, semi-monthly payroll, small business payroll, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing, Payroll Taxes

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Payroll Processing and 2015 Federal Holidays

Posted by Elaine on March 10, 2015

I don’t know anyone – employees or employers, alike – who doesn’t look forward to a holiday. After all, it’s a day away from work that you can spend with family and friends – or just by yourself – celebrating, having fun and relaxing. But for small business owners, there’s more to holidays than just a day off. (more…)

Tags: bank closed, employers, federal holidays, holidays and payroll, holidays and payroll reporting, payroll service, payroll tax deposits and holidays, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing

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Did Your 1099s Get Out on Time?

Posted by Elaine on February 3, 2015

Oh, those pesky deadlines. Doesn’t the government realize that you, as a small business owner or solopreneur, have a million things on your plate all the time? You know in your head that doesn’t matter, a workplace deadline for employee tax reporting has to be met. But… (more…)

Tags: benefits of outsourcing, payroll provider, payroll service, payroll tax reporting, small business and payroll taxes, tax laws for payroll, The Payroll Department

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Taxes

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A Different Perspective on Small Business Payroll Taxes

Posted by Elaine on January 13, 2015

There is no question that running a small business today is tough. Every expense and additional small business taxes makes it harder to make a profit and stay in business.

But small business owners and entrepreneurs have one thing to be thankful for… most of them don’t have to pay luxury taxes. Now if you will stretch your imagination and consider Major League Baseball teams as businesses, I’d like to share a recent news bit. (more…)

Tags: Brownsburg, Indiana, luxury taxes, payroll taxes, small business and payroll taxes, The Payroll Department

Posted in: Payroll, Payroll Processing, Payroll Taxes

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Average Pay Increases of 3% Expected in 2015

Posted by Elaine on December 16, 2014

Financial experts are saying that pay increases in 2015 are likely to average about 3% – just about the same as average increases for the last two years. Inflation is currently running about 2.1% so that means the average employees are barely keeping ahead of inflation. (more…)

Tags: accurate processing of pay changes, Brownsburg, Indiana, pay raises for 2015, payroll service, The Payroll Department

Posted in: Churches and Non-Profit Employers, Payroll, Payroll Processing, Payroll Taxes

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Proposed Payroll Tax Reporting Deadline Change Puts Pressure on Employers

Posted by Elaine on November 18, 2014

Included in President Obama’s proposed 2015 fiscal year budget, there is a provision to accelerate the deadline for employers to deliver end-of-year W-2 tax forms to the federal government. The deadline for delivery of forms to employees is currently January 31st and then reported to the Social Security Administration (SSA) the last of February (March 31st for electronic filing) each year. What does it mean for employers if that reporting date is moved up to January 31 every year? (more…)

Tags: benefits of outsourcing, Brownsburg, changes to payroll taxes, payroll tax reporting, payroll taxes, small business and payroll taxes, The Payroll Department

Posted in: IRS and Tax forms, News

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Who Can You Trust…With Your Payroll?

Posted by Elaine on November 4, 2014

Many small businesses find that hiring a payroll company to manage payroll responsibilities is a great way to make efficient use of their employees, ensure duties are handled correctly and promptly and often enjoy an overall savings of time and money. But handing off that important responsibility is a really big decision. No business owner should make the decision lightly since the business owner remains legally responsible even when delegating these duties to a payroll service. So how can you evaluate a payroll service to be sure that they are worthy of your trust? Here are a few questions that you want to ask: (more…)

Tags: Brownsburg, choosing a payroll provider, payroll provider, payroll service, small business and payroll taxes, Teresa Ray, The Payroll Department

Posted in: News, Operating a Small Business, Payroll Processing

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Outsourcing Payroll is One Way to Demonstrate Responsible Leadership for Entrepreneurs

Posted by Elaine on October 7, 2014

While her friend, Jasmin, poured her heart out to her, Olga sat quietly behind her desk. She was being a good friend by listening so intently. She was being an even better friend by biting her tongue instead of saying, “I told you so.” Jasmin began to sob as she explained that she was now in trouble with the IRS. (more…)

Tags: benefits of outsourcing, Brownsburg, In trouble with IRS over payroll, payroll service, payroll tax reporting, payroll taxes, penalties and fines from IRS, small business owners, The Payroll Department, worker classification

Posted in: IRS and Tax forms, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

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Want to Protect Your Business? Outsource Your Payroll

Posted by Elaine on September 30, 2014

Audited by an independent accounting firm… I love that line. You hear it on big nights like the Oscars and Emmys, but when you think about it, hearing it from your payroll provider is more important than how many votes various performers and directors garnered for their efforts. In fact, it might be one of the most comforting lines you will hear all year. (more…)

Tags: benefits of outsourcing, Brownsburg, employee embezzlement, employee theft, payroll provider, payroll service, small business payroll, The Payroll Department, third party payroll provider

Posted in: News, Operating a Small Business, Payroll Processing

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