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How to Manage Better the Payroll of Your Employees 

Hppy

Do you want to figure out how you can manage your payroll effectively? From processing paychecks, keeping track of labor laws, maintaining compliance, calculating deductions and bonuses, and tracking all tax-related documentation, payroll is an aspect of business that is fraught with the potential for mistakes. .

Payroll 36
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Neglecting the Nanny Tax Won’t Help the Medicine Go Down

Patriot Software

You must pay Social Security and Medicare ( FICA ) taxes for each qualifying household employee who earns above the IRS threshold of $2,100 in 2019. Tax deduction. Be sure to keep payroll-related records for at least four years after your tax return or tax payment due date, whichever is later. Patriot’s online payroll can help.

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QSEHRA Plan: Health Insurance Alternative for Qualifying Small Employers

Patriot Software

Employers fund QSEHRAs—up to the contribution limit—and can deduct their reimbursement expenses from their taxes. And, you can deduct QSEHRA contributions from your small business taxes. In 2019, the reimbursements limit for single coverage is $5,150 per year. Upload electronic notices with Patriot’s online HR Software add-on.