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Tips and Service Charges: What’s the Difference?

Do you own a service industry small business, such as a restaurant, hair salon or hotel? Then it’s important as an employer that you understand your payroll responsibilities when it comes to calculating wages, employee reporting and tax requirements. One factor that affects your business’s payroll tax obligations is when your employees receive gratuities for their services. Do you know the rules? (more…)

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

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It’s Just a Number, Right? Not to the IRS!

As an employer, whether you are a big or small business, you have the responsibility to hire employees who are authorized to work in the United States. One of the ways many employers ensure workers are legally able to work is by getting employees’ social security number. Easy, right? Well, not so much. Let me tell you a story from the offices of The Payroll Department. (more…)

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

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Special IRS Tip Rules for Large Food and Beverage Establishments

Do you own a food and beverage establishment? Maybe you think you have a small business, but you might be surprised to learn it’s actually large when it comes to the Internal Revenue Service and how you annually report your receipts and tips. (more…)

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

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Make Small Business Ownership More Predictable during the Unpredictable Days of Winter

The sunny days of summer are now a distant memory, and we are entering the dark and cold days of winter. In addition to the shorter days, longer nights, and generally colder weather, winter also brings with it an increased unpredictability. More severe weather events occur in the winter than in any other season, including snow, ice, sleet, and extreme cold. We usually get some advanced warning of these kinds of events, but the predictions of severity often do not match the reality of what actually transpires. (more…)

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

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Does One More Pay Period in a Year Make Any Difference?

When is 52 not the correct answer? That’s easy when you look at it from a payroll perspective …

Depending on the payroll schedule and the day of the week payroll is issued, you might actually have 53 payrolls in a year or 27 if you are on a bi-weekly payroll schedule. Because of that, there may need to be adjustments to the taxes being withheld. In addition, adjustment might be necessary to pretax deductions. (more…)

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

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Paying Employees “Under the Table” – Is It Worth the Risk?

Have you ever had an employee ask you to pay their wages in cash – unreported? Or, maybe you’ve thought about hiring employees and paying them “under the table” to simplify your bookkeeping. What does it really mean to pay employees in cash? And more importantly, what are the consequences? (more…)

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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Indiana Small Businesses Getting Some Relief

It’s a great feeling to share some good news for employers! The entrepreneurs who supply jobs to the community display courage and leadership every day and now they are set to get some small business love. (more…)

Posted in: News, Payroll, Payroll Processing, Payroll Taxes

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Scheduling Practices May Be Affected by Proposed Legislation

It’s no secret that small businesses and their daily practices can be quickly changed by changing laws. That is one reason that it is important for business owners to stay aware of changes and potential changes to relevant laws. Recently, legislation was proposed which would once again change the day-to-day operations of many businesses – this time in the area of employees’ schedules. (more…)

Posted in: News, Operating a Small Business, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

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The Payroll Department Opens a New Office in Zionsville

It’s happening!

I am opening a new sales location for The Payroll Department in Zionsville!

As all of my clients already know, The Payroll Department recently completed a complete conversion to a new software that allows us to better serve them. It was a huge process and one that offers complete transparency and accessibility to our client employers and their employees.

While it has been a challenge to get every little detail in place, it was well worth every hour and every bit of effort. We now have more capabilities and options than ever before. (more…)

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

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Botched Payroll Makes For a Bad Day!

You know you’re having a bad day when a mistake you made gets covered by the local newspaper. Not exactly the kind of publicity you want! As this article reports, the town of Windham, Connecticut, recently found themselves in the middle of a payroll mess that resulted from problems with a new accounting system. (more…)

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

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