Debunking 4 Common Payroll Myths

Many companies subscribe to myths about payroll. Let us “bust” them for you. 1. I don’t have enough employees to use a payroll service. Even if you have only one employee, there’s still a lot to be done in terms of payroll. Ultimately, you must...

How to Process Payroll for New Hires

Compensating new hires is a multilayered operation, consisting of activities that must be completed before, during, and after payroll processing. Before Payroll Processing To begin the payroll process, check the following: Determine the new hire’s pay frequency, such...

Pretax and After-Tax Deductions

Deductions Taken Before Taxes Pretax deductions are subtracted from employees’ wages before taxes are taken out, thereby lowering their taxable wages and increasing their take-home pay. For deductions to be eligible for pretax status, the employer must have an...

5 Ways the IRS Will Make You Pay Your Payroll Taxes

The Internal Revenue Service aggressively collects delinquent payroll taxes, and it has the authority to do just about anything to collect them. Here are five of the most aggressive tactics the agency uses. Shut you down. The IRS can lock your doors and shut down your...