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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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The Goal of Networking – Meeting New People

Posted by Ariane on November 13, 2013

If you want to run a successful small business, networking is an essential part of the process. However, many people dread walking into a room and introducing themselves to total strangers.

Most people attend business networking events and only talk to the people they already know. If this is what you do, then what’s the point of attending networking events? If you’re not actively seeking new people to meet and discuss business with them, why go? (more…)

Tags: Brownsburg, business, business networking tips, Indiana, The Payroll Department

Posted in: Operating a Small Business, Payroll Processing

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Form I-9: Verify Your Employees’ Identity and Employment Eligibility

Posted by Ariane on November 5, 2013

For the past few years, the Department of Homeland Security has been cracking down on employers who hire illegal immigrants. Therefore, it’s important that your company has all of its employee paperwork in order. And, this includes having an Employment Eligibility Form (I-9) completed for all new hires. (more…)

Tags: Brownsburg, employee employment eligibility, employee identity, employees, employers, Employment Eligibility Form, Form I-9, Indiana, new hire paperwork, The Payroll Department

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

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Are Payroll Deductions Legal or Not?

Posted by Ariane on October 29, 2013

As an employer, you can withhold the standard deductions permitted by federal, state and local law from your employees’ paychecks, such as federal, state and local income tax, Social Security and Medicare. But what about other deductions? Can you legally deduct them or not? (more…)

Tags: Brownsburg, Indiana, payroll deductions, small business payroll, The Payroll Department

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