Posts Tagged small business and payroll taxes
Employees need to feel valued and appreciated by employers. When you give your employees achievement awards, celebrating specific milestones in safety or length of service, you’re recognizing their efforts, which, in turn, fosters your employees’ desire to excel in their jobs and continue working at your company. However, employers need to be careful in their award gift selections. (more…)
For thousands of Americans, the dream of being your own boss is alive and well. But of course, there are many vital aspects involved when you successfully open and operate a small business. And intense attention has to be paid to every aspect of running the business. (more…)
As a small business owner, wouldn’t it be nice if payroll taxes just stayed the same from one year to the next? You would know what’s expected of you and how to manage your company’s payroll taxes every year. Unfortunately, that’s just not the case. As of January 1, 2015, the government has made some FICA tax changes that employers need to be aware of since these changes will affect your company’s ability to accurately process your payroll. (more…)
Most small business owners know that they need to distribute their business’s 2014 W-2 forms to their employees before the end of January. But did you know that you also need to supply other year-end employee notices, too?
Annually, you should review all requirements concerning Federal and state employee notification reports, especially those containing supplemental tax information for your employees. You should prepare and distribute any mandatory reports to your employees to help them fulfill their personal tax filing obligations. Some mandatory notices that you’re required to provide to your employees include:
Besides mandatory employee notifications, you also should consider processing and distributing other reports that may be helpful to your employees in completing their taxes as well.
If you need help identifying all of the mandatory and optional employee notifications your small business should make, contact The Payroll Department at 317-852-2568. By engaging the services of a professional payroll services provider, we’re your experts in all things concerning your payroll.
– Ariane of The Payroll Department Blog Team
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…)
Posted in: Payroll, Payroll Processing, Payroll Taxes
Leave a Comment (0) →More and more people are leaving their full-time jobs to become freelancers or independent contractors these days. In fact, experts predict that contractors will make up half of the full-time workforce by 2020. Consequently, more companies, including small businesses, are deciding to hire freelancers instead of full- or part-time employees. (more…)