How to manage payroll when you are just starting out
To ensure that your business succeeds in the future, it is important to pay attention to how you handle payroll, taxes, and expenses. Let’s have a deep look at this.
To ensure that your business succeeds in the future, it is important to pay attention to how you handle payroll, taxes, and expenses. Let’s have a deep look at this.
The W2 form ( known as the Wage and Tax Statement) provides you with all of the information you need to prepare and file your state and federal income taxes.
The most important part of managing your payroll is keeping an accurate record of any due dates, as even accidentally missing a due date may result in unnecessary (and hefty) fines from the IRS
Social security wage base is the maximum amount of your wages subject to social security tax which is set to rise from year to year based on average national wage indexing.
Knowing how to manage contractor payroll will help you make sure that your business is paying its contractors the amount of money it owes while also ensuring that it isn’t falling short on any of its federal or state tax obligations.
How do payroll taxes work in the US? What types of payroll taxes are there? How can small business owners use these taxes to their advantage? Let’s have a look at these payroll taxes in detail, and find out what you need to know about them.
This guide on how to stay compliant with your payroll will help you with everything from employee tax withholdings to overtime pay to payroll tax payments
Quick links Faster Payroll Calculations Accurate and Compliant Paychecks No More Missing Paperwork Employee Self-service Your Company Will Be “Green” Switching to Payroll Software for Small Businesses Far gone are the days where managing payroll manually was an effective approach. Thanks to the convenience of small business payroll software, even companies with only two or three …
Paperless Payroll: The Path to Efficient Payroll Management Read More »
Quick links The Importance of Proper Payroll Management The Payroll Management Process: How It Works Payroll Management Software: An Alternative to Manual Processes The Benefits of Using Payroll Management Software How Integrated HR, Payroll & Benefits Administration System Help the Overall Business Process The Importance of Proper Payroll Management Regardless of the type of business …
An easy way to avoid these errors is by using a payroll software solution to handle all your payroll tasks.
Most payroll solution providers such as UZIO help you in the overall setup and implementation of the software.