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Payroll Taxes on the Rise in Credit Reduction State

Posted by Elaine on November 19, 2013

Even though the state of Indiana has been designated one of the best states for business regarding taxes, one area that doesn’t play out is with the FUTA. That’s the Federal Unemployment Tax Act. Employers pay a tax on employees’ wages to cover the state’s unemployment insurance program.

Indiana is one of several states in the position of having an outstanding loan to the federal government. In fact, according to the Congressional Research Service report dated Sept. 20, 2012, Indiana owed the federal government $1,994,007,775.40. And that means the state is designated a FUTA Credit Reduction State. (more…)

Tags: Credit Reduction State, FUTA, Indiana, payroll service, payroll taxes, payroll unemployment taxes, Teresa Ray, The Payroll Department, unpaid federal loan

Posted in: Payroll, Payroll Taxes, Rules, Regulations and Laws

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Employees’ Classification in the Workplace Defines Benefits and Health Care Requirements under Affordable Care Act

Posted by Teresa Ray on October 22, 2013

The times they are a-changin’ and that is no more evident than with the implementation of the Affordable Care Act (ACA). The leadership of every small business and workplace has to consider the reforms and new requirements taking effect. Needless to say, small business owners with employees have a lot to think about. (more…)

Tags: ACA, Affordable Care Act, business, employees, FTE, FTE employee, full-time employees, Full-time equivalent employee, health care act, part-time employees, payroll service, small, small business payroll, The Payroll Department, worker classification

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

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Benefits of Working with a Smaller Payroll Company

Posted by Ariane on October 15, 2013

Perception can be everything, but it’s not always true. This week, I heard for the first time that a sizeable company had wanted to do business with me in the past. But, the manager thought since I’m not as big as ADP, Paychex, or some of the other larger payroll companies, I might not know what I’m doing since my business is smaller. Fortunately, I had the opportunity to try and sell her one more time. And this time, I took more time explaining why a smaller payroll provider can be so much better than working with a bigger company. (more…)

Tags: benefits of small payroll provider, Brownsburg, Indiana, payroll provider, payroll service, The Payroll Department

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

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Understanding Employer Contributions to 401(k) Plans

Posted by Elaine on October 8, 2013

As an added benefit, many small businesses choose to offer an employee retirement plan, such as a payroll deduction IRA, a SIMPLE (Savings Incentive Match for Employees) IRA or a traditional 401(k) plan to their employees. While there is no law requiring companies to contribute to the retirement plan (with the exception of Simple IRA and SEP IRA plans), many employers do choose to make contributions because it’s an effective tool for hiring and keeping top-quality employees. Also, businesses receive a tax benefit for contributing to employees’ 401(k) accounts.

(more…)

Tags: 401(k) retirement plan contributions, Brownsburg, employee retirement plan contributions, payroll provider, payroll service, small business payroll, small retirement plans, The Payroll Department

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

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Make Fall the Time for All Employees and Employers to Review Retirement Plan Funding

Posted by Elaine on October 1, 2013

For all entrepreneurs, employers and employees, it seems there are more responsibilities on their shoulders than ever before – and nothing feels simple. One of those responsibilities is retirement plans and funds. With the variety of options available, retirement issues are anything but simple – but oh, so very important. (more…)

Tags: employee retirement plan contributions, payroll service, retirement plan deposit requirements, retirement plans, small business payroll, The Payroll Department

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

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Entrepreneurs Stay Serious about Payroll Taxes

Posted by Elaine on September 24, 2013

When it comes to payroll, and payroll taxes, business owners have a lot of questions:

Who’s actually responsible for payroll taxes being paid?
I have a payroll provider, but how do I know taxes are being paid on my behalf – in full and on time?
If the taxes don’t get paid, who does the IRS come looking for?
Is there any legal recourse if the taxes haven’t been paid? Is the government lenient in these situations? (more…)

Tags: payroll service, payroll taxes, payroll unemployment taxes, small business and payroll taxes, small business payroll, The Payroll Department

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

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The Payroll Department is a Payroll Provider, Not a PEO

Posted by Elaine on September 17, 2013

As a business owner, have you ever heard of a Professional Employer Organization, a PEO? If not, don’t worry, you aren’t alone. (more…)

Tags: payroll provider, payroll service, PEO, Professional Employer Organization, small business and payroll taxes, small business payroll, The Payroll Department

Posted in: Payroll, Payroll Processing

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Important New Affordable Care Act Deadline Affects Employers

Posted by payroll on September 11, 2013

Have you been holding off dealing with Affordable Care Act because it doesn’t become effective until January 1, 2014? If so, we have some very important information that not only you, but your network must know before October 1, 2013! (more…)

Tags: employees, Exchange notice with plans, exchange notice without plan, Patient Protection and Affordable Care Act, payroll service, PPACA, The Payroll Department

Posted in: Employee Benefits, News, Operating a Small Business

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Worried About Hiring Workers?

Posted by Elaine on September 10, 2013

One of the most difficult decisions for a small business owner is hiring employees. It’s not just finding the right person for the position or wondering if the company is financially ready.

No, one of the biggest fears is the knowledge that the company has to follow federal, state and local labor laws; unemployment insurance (SUTA), social security and Medicare (FICA) and the income taxes and all the rules around that. It’s a scary proposition, that’s for sure. (more…)

Tags: Deb Mahler, employee classification, employees, independent contractor, Internet Tech Specialists, payroll service, small business payroll, tax laws for payroll, Teresa Ray, The Payroll Department, worker classification

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

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What You Need to Know About Small Business Payroll Taxes and Reporting

Posted by Teresa Ray on September 3, 2013

When Indiana Department of Revenue (IDR) tells you money is owed, it would be natural to assume that you owe it. But did you know that it’s possible with the volume of payroll tax returns (WH-1’s) that state departments of revenue get, it’s not uncommon that mistakes may and can be made? Are you or your payroll provider keeping track of your small business taxes?

(more…)

Tags: Indiana, payroll service, payroll tax reporting, payroll taxes, small business and payroll taxes, small business payroll, tax laws for payroll, The Payroll Department

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

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