Running payroll means staying on top of your employment tax responsibilities. In addition to withholding income and payroll taxes from employee wages, you must contribute employer taxes. Unlike some other taxes, state unemployment taxes do not have a standard rate. Read on to answer, What is my state unemployment tax rate?Read More What Is My State Unemployment Tax Rate?
Do employers have to offer health insurance? Under the Affordable Care Act, you must provide health insurance if you have 50 or more full-time equivalent employees. If this requirement doesn’t apply to you, you might decide to establish a QSEHRA plan.Read More QSEHRA Plan: Health Insurance Alternative for Qualifying Small Employers
Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate?Read More What Is the Corporate Tax Rate? [Federal & State Guide]
Typically, employers get to choose whether they want to offer types of paid time off, like sick leave, to employees. But depending on your business location, you might not have a choice. Little by little, paid sick leave laws by state are on the rise.Read More Paid Sick Leave Laws by State: The Chart, Map, & Accrual Info You Need
If you have employees, you need a reputable system for processing payroll, withholding taxes, and maintaining accurate records. There are a few ways you can run payroll, and each comes with its own price tag. So, what’s the cost of payroll?Read More What’s the Cost of Payroll?
So, you’re going to ship out your products, eh? With over two billion online shoppers worldwide in 2021, it’s easy to see why. But before you can start shipping for small business, you must make some decisions, like packaging, the shipping vendor, and speed. After all, you don’t want shipping for business to shrink your […]Read More Shipping for Small Business: How to Get Started, Costs, Accounting, & More
When you hire new employees, you need to collect information to verify employment eligibility and run payroll. Federal Forms W-4 and I-9 are just the beginning when it comes to new employee forms. You may also need to collect state-specific forms, including your state’s W-4. What is the state W-4 form?Read More Don’t Forget to Collect State W-4 Forms from New Hires
When it comes to running payroll, you know there’s a whole process that goes into it. You need to determine your employees’ hours worked, do some calculations, and give out wages. And, you must give yourself ample time to ensure employees receive said wages on payday. So, how long does payroll take to process?Read More How Long Does Payroll Take to Process?
In 2020, the IRS released the long-awaited new W-4 form, shaking up how employers handle income tax withholding. Because the IRS only made the new form mandatory for new hires and employees making Form W-4 changes, some employers might be unfamiliar with it.Read More New W-4 Form: Withholding Allowances Still Out, Plus Computational Bridge
Like past years, the IRS released changes to the income tax withholding tables for 2022. Use these updated tables to calculate federal income tax on employee wages in 2022. In addition to the annual tax rate and bracket changes, employers can still use the optional computational bridge released in 2021.Read More Updates to the Income Tax Withholding Tables and What You Need to Know