Every business knows that payroll is vital to its operation. However, any problems, however minor, could affect virtually every business level. In fact, payroll mistakes are costing businesses thousands annually to rectify.
That’s why it’s imperative you develop a solid tax compliance and payroll processing plan to prevent possible payroll fees and errors. Here are 5 payroll mistakes to avoid.
For those who may be an employee in Washington state or an employer who has employees based in Washington state, but haven’t been getting updates on the Paid Family and Medical Leave Benefits: we just got an update from the Washington State Employment Security Department. Glance further below, for a fairly comprehensive update of what’s happening so far.
There is a NEW Employment Security Department remittance that starts on Jan 1 2019 called Washington’s Paid Family & Medical Leave Program.
Federal law requires most employers to withhold federal taxes from their employees’ wages. Whether you’re a small business owner who’s just starting out or one who has been in business a while and is ready to hire an employee or two, here are five things you should know about withholding, reporting, and paying employment taxes.
Payroll introduces another layer of complexity within small business accounting. Beyond ensuring your employees are paid on time, you’re also responsible for managing employee benefits and payroll taxes.
An issue with the new Statewide Transit Tax was brought to my attention today which may effect payroll processing in QuickBooks.
The new Transit Tax does not go into effect until July 1, but Intuit/QuickBooks has already put it into the payroll items list so it is affecting payroll.
Don’t forget to book your year-end review! As we come to the end of yet another fiscal year, and approach the start of a new tax season, ebs Associates is recommending that our clients take time to schedule a year-end review with their ebs Financial Controller. Depending on your needs, this review can be done over the phone, via email or in person.
Do I need to pay quarterly taxes? If your employer withholds money each week from your paycheck, then you likely don’t have to think about making quarterly tax payments. However, for those of us who are self-employed or receive income in the form of interests, dividends, rent, alimony, gains from the sale of assets, prizes or awards, it may be necessary to make quarterly estimated tax payments to the IRS.
Online banking may get all the headlines, but a lot of small businesses still prefer paper checks. QuickBooks can accommodate them. “I don’t write checks anymore,” you hear a lot of people say these days. Debit cards, smartphone payment apps, and online banking have replaced the old paper checkbook for a...
You work hard to make sure your QuickBooks data is accurate. Make sure it’s safe, too.
Your QuickBooks company file contains some of the most sensitive information on your computer. You may have your customers’ credit card numbers and your employees’ Social Security numbers saved inside. An intruder who captured all that data could create tremendous problems for you and a lot of other people.