Learning about Form W-2

by | Jul 3, 2017 | Business Tips, General News, Payroll, Taxes

As an employer, you have probably already heard that the W-2 form is an essential requirement when it comes to taking care of tax season paperwork for the IRS. While the W-4 form needs to be provided by employees for tax withholding purposes, employers also have to...

Should You Create a Formal PTO Policy?

by | Jun 28, 2017 | Business Tips, General News, Payroll

If you’re running a small or midsized company, it may seem easier, and even kinder, to consider sick time and vacation requests on a case-by-case basis among your employees. After all, you may know each of them personally, and it makes sense to use your judgment...

Deciding if Flex Accounts Are Right for You

by | Jun 27, 2017 | Business Tips, General News, Payroll, Taxes

Deciding if Flex Accounts Are Right for You With our health care plans today, think Flex Accounts to help.  It’s always annoying to have a doctor or dentist visit and then have to lay out a certain amount of money for a co-pay. Not only that, but most times...

Managing Household Help

by | May 22, 2017 | Business Tips, General News, Payroll

Even if you just have someone to take care of your children, you are an employer. You don’t need a Downton Abbey-size staff to fall under IRS rules. Even if you have just one part-time employee, you should check IRS Publication 926, which explains your...

Is This Your Situation: Deciding Whether Someone Is an Employee or a Contractor

by | May 8, 2017 | Business Tips, General News, Payroll

Many companies use both employees and freelancers, and this is fine, but the IRS doesn’t treat them as interchangeable — there’s no mixing and matching. Anyone you pay is either one or the other and subject to the proper tax treatment. So which is which?...