Kollath CPA

APRIL 3, 2023

You need time and energy to run and grow your business, so you’ve outsourced your payroll process. You decided to go with a third-party payroll provider to handle some or all of your employment tax duties. Your Tax Obligations As an Employer Your tax responsibility depends on the type of service you use.

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Taxes Employment Payroll Payroll Service 52

Business Management Daily

AUGUST 13, 2021

Tax penalties, of course, aren’t a game if you get caught up in them. They’re steep and punishing for a reason: Withheld taxes are the key revenue source for the federal government. Lately, the IRS has been trying to make payroll tax penalties a bit more transparent. not electronically). Three ways to get snagged.

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Taxes Payroll Electronics Construction 52

Kollath CPA

JULY 5, 2022

IRS Form 941 is a tax form that businesses file quarterly. It is how businesses report income taxes. As well as payroll taxes, Social Security, and Medicare taxes that the business withheld from employee paychecks over the previous tax year. Learn All About Quarterly Tax Returns below.

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Taxes Electronics Payroll Life Insurance 52

Business Management Daily

MAY 31, 2022

She also explained that the only items she actually tossed were some electronic mail printouts from last year that were originally sent to the account of a person no longer with the company. Like many other workplaces, Laura’s office could benefit considerably from implementing electronic records management (ERM).

Electronics 52

Electronics Family and Medical Leave Act Management Taxes 52

Qandle

NOVEMBER 9, 2023

Single Touch Payroll (STP) is a reporting system developed by the Australian Taxation Office (ATO) that requires employers to report their employees’ salary and wage information, superannuation contributions, and pay-as-you-go withholding (PAYGW) information directly to the ATO each time they run their payroll.

Payroll 52

Payroll Payroll Software Software Payroll Manager 52

HR Lineup

JANUARY 29, 2024

A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Deductions and Taxes 1.

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Net Pay Deductions Deductible Payroll Software 83

Patriot Software

OCTOBER 20, 2022

Now that you’re making payroll tax deposits via the Electronic Federal Tax Payment System, you may wonder: “What happens if I lose that pesky EFTPS PIN number?” I couldn’t log in to make my payroll tax deposit without the PIN. […] READ MORE. ” It just happened to me.

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Payroll Electronics Taxes IT 52

Business Management Daily

DECEMBER 29, 2021

There are four factors that have probably become a permanent part of the payroll practice. Electronic everything in payroll. Electronic pay statements complement direct deposit. You can incentivize employees to receive their W-2s electronically. Multistate payrolls are here to stay.

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Payroll Electronics Work From Home Taxes 52

Business Management Daily

MAY 30, 2022

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

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Payroll PTO Overtime Taxes 52

HR Bartender

FEBRUARY 25, 2018

One of the departments that HR works closely with is payroll. In my career, I’ve had jobs where I was directly responsibility for payroll and in others, I wasn’t. My company uses a website to ‘give’ employees electronic access to their paycheck stubs, rather than issue paper. Like in today’s reader note. I live in Ohio.

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Payroll Electronics Human Resources Payroll System 107

Business Management Daily

SEPTEMBER 1, 2023

Beginning with catch-up contributions to be made next year, employees whose Social Security wages (W-2, Box 3 wages) exceed $145,000 this year can make catch-up contributions on a Roth, after-tax basis only. And then there’s the teeny, tiny glitch of Congress dropping the section of the tax code allowing any catch-up contributions.

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401(k) Taxes Payroll Software Payroll 97

Business Management Daily

OCTOBER 28, 2021

The end of the year is a hectic time for payroll staff and business owners. While the year is winding down, the payroll department is ramping up to prepare for the end of the year and ensure that all reporting deadlines are met. Some payroll tax compliance items are completed quarterly, or more frequently throughout the year.

Payroll 52

Payroll Family and Medical Leave Act PTO Flexible Spending Account 52

Benefit Resource Inc.

JANUARY 14, 2022

We’re here to provide you with a short guide to help you understand the required tax documents for your pre-tax benefits. . A Health Savings Account (HSA) is a savings account that provides tax-free contributions and potential tax deductions for qualified medical expenses incurred by the holder. For BRI Customers.

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Taxes Flexible Spending Account Health Savings Account Flexible Spending 40

Qandle

MARCH 21, 2022

For any firm, the payroll process may be difficult, and it’s easy to become mired down in the administrative side of things. However, with so many various regulations, documentation obligations, and tax ramifications, it’s no surprise that payroll can be a pain. What Is Payroll and How Does It Work?

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Payroll Payroll Software Payroll Service Taxes 52

HR Lineup

JULY 14, 2023

eNETEmployer is a comprehensive online payroll software solution designed to simplify and streamline payroll management for businesses of all sizes. With its user-friendly interface and powerful features, eNETEmployer aims to automate payroll processes, reduce administrative burdens, and ensure accurate and timely payroll calculations.

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Payroll Software Payroll Online Payroll Deductions 52

Hireology

OCTOBER 20, 2021

At the same time, you need to transfer all of their data into several different systems you use to run payroll and benefits, scheduling, and more. Hireology’s suite of post-hire payroll and HR tools are designed to alleviate these frustrations. New hires can also electronically sign tax forms, employment verification, and handbooks.

Management 147

Management Payroll Taxes Electronics 147

HR Lineup

JULY 18, 2023

Greenshades is a comprehensive payroll and HR software solution that offers businesses a wide range of tools and features to streamline and simplify their payroll and human resources processes. One of the key features of Greenshades is its payroll processing capabilities.

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Payroll PTO Taxes Electronics 52

Business Management Daily

JULY 26, 2021

Small business owners sometimes feel overwhelmed by the various tax-related forms the IRS expects them to complete. Here, we aim to increase understanding about one of the most common pieces of paperwork businesses encounter, Form 941: Employer’s Quarterly Tax Return. Form 941 is not part of an annual tax return.

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Taxes Payroll Government Electronics 52

Business Management Daily

AUGUST 26, 2021

While your payroll department may not come with a torrent of wind and rain, it might be embroiled in a maelstrom of chaos trying to keep up with updates, changing regulations, and more. We first highlighted changes to the IRS’ FIRE system (short for Filing Information Returns Electronically) a few weeks ago. Key date No.

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Payroll Electronics Taxes Insurance 52

Business Management Daily

AUGUST 18, 2023

Similar hardship waivers and administrative provisions apply to e-filing corporate income tax returns and Forms 1120 and 1120-S. 5165 , Guide for Electronically Filing Affordable Care Act (ACA) Information Returns. 1220 , Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G.

Electronics 52

Electronics Taxes Payroll Software 52

Bayzat

FEBRUARY 15, 2024

Examples of Activities in a UAE-focused ESS Portal: Leave Management Apply for various leave types (annual, sick, personal), track balances, and receive approval notifications electronically. Bayzat reports that many UAE employees prefer to manage their leave electronically.

Electronics 52

Electronics Overtime Payroll Taxes 52

Stratus.HR

JANUARY 24, 2022

In anticipation of your questions, our payroll department put together a short list of FAQs to answer everything you’ve been meaning to ask about your W-2. To do this, log into the Stratus System , click the green $ sign, go to Taxes (W2 Info), then click the blue Edit button. From here, select “Please provide my W2 Electronically.”.

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Taxes Payroll IT Deductions 64

HR Lineup

JULY 13, 2023

Push is a comprehensive workforce management software solution that offers a range of powerful features designed to streamline and optimize payroll, HR, and workforce management processes. One of Push’s key strengths lies in its payroll management capabilities.

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Architecture Payroll Payroll Manager Electronics 52

Business Management Daily

OCTOBER 14, 2021

Form W-2 is the Wage and Tax Statement that employers use to report wages paid to employees. These are the tax forms that your employees need to file their yearly tax returns. Here is what you need to know to stay on top of your W-2 compliance for tax year 2021. April 15, 2022 – Tax Day for Individuals.

Electronics 52

Electronics Employment Taxes Payroll 52

Business Management Daily

AUGUST 9, 2023

The IRS’ paperless initiative takes this one step beyond scanning payroll returns. This should speed up your tax refunds considerably. According to draft versions of Forms 8453-EMP and 8879-EMP , sometime next year (without more detail) the IRS will make amended payroll returns available through Modernized e-File.

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Payroll Taxes Electronics Software 52

Business Management Daily

NOVEMBER 20, 2019

Employment tax compliance expert Alice Gilman, along with the editors of Business Management Daily’s Payroll Legal Alert, answer subscribers questions on payroll. Question: One of the reasons the company switched third-party payroll providers was to allow employees to access their W-2s from home. W-2s: Pay to play?

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Payroll Service Payroll Taxes Take Home Pay 40

Business Management Daily

JULY 4, 2022

Payroll laws. Employees typically need to pay income taxes in the state where they live and work. They typically won’t have any tax obligations in the state the business is based. Employers will need to collect the appropriate state tax forms and submit all required deposits and documentation to the appropriate state.

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Family and Medical Leave Act PTO Taxes Payroll 95

Business Management Daily

JULY 30, 2020

The pandemic may have put many employers in a tough bind—continue to deposit the taxes withheld from employees’ pay or use that money to stay afloat by paying employees and vendors. If you opted for the latter, you can expect a visit from an IRS revenue officer and a 100% penalty assessment under IRC § 6672 for those undeposited taxes.

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Banking Electronics Payroll Taxes 59

Business Management Daily

OCTOBER 27, 2020

To find out if your state allows SSN truncation on Copy 1, visit your state tax department’s website. Some payroll pros are now worried the Social Security Administration’s computers will spit out these W-2s as incorrect, because employees’ paid sick/ family leave is subject to the employee’s portion of FICA, but not the employer’s portion.

Electronics 52

Electronics Paid Sick Leave Taxes Payroll 52

Business Management Daily

AUGUST 19, 2019

So you thought the IRS was finished tinkering with your payroll processes with the release of the first draft of the 2020 W-4 and Pub. The IRS has another payroll change – it wants to resurrect an old tax form—Form 1099-NEC—on which you would report payments to independent contractors. And that’s not a lot of time.

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Payroll Taxes Electronics Employment 40

Insperity

NOVEMBER 10, 2014

Doing payroll is yet another task on your list of responsibilities. If your payroll is kept in-house, you’re probably familiar with the human errors that can occur when you’re doing things manually. Input errors, tax compliance issues and slow paycheck delivery might come to mind. Alerts for payroll discrepancies.

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Payroll Software Payroll Software Payroll Service 76

Business Management Daily

AUGUST 8, 2022

Likewise, with the number of electronic records kept nowadays, include representatives from the IT department. As financial statements, tax returns, and similar types of records will be a concern for all organizations, including your CPA or a similar accounting professional on the team is a smart move.

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Family and Medical Leave Act Taxes Deductions Deductible 105

Business Management Daily

NOVEMBER 21, 2022

Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms. You must keep a completed Form I-9 on file for each employee on your payroll. Whether to store employee personnel files physically or electronically is up to the individual organization. Criminal history.

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Family and Medical Leave Act Human Resources Medical Health Insurance 121

Business Management Daily

JULY 4, 2023

Rather than draining the eagerness out of new employees on their first day by saddling them with stacks of paperwork and reading material, onboarding software allows them to receive pertinent forms and information electronically before day one. Contracts, employment laws, and tax considerations can vary significantly by region.

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Software Electronics Health Insurance Human Resources 52

Workers' Compensation Perspectives

SEPTEMBER 30, 2019

“Payroll” used to have a simple meaning. According to the Online Etymology Dictionary: payroll (n.) For workers’ compensation, payroll can have different meanings depending on your jurisdiction and whether you are a worker or an employer. Rules in different jurisdiction may use different terms to describe or define payroll.

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Workers’ Compensation Payroll IT Overtime 52

Insperity

MAY 4, 2021

Wage garnishment is a legal procedure in which a court order mandates that the employer withhold a portion of a person’s earnings to pay a financial obligation such as: Child support Tax debt Student loans Consumer or medical debt In the case of bankruptcy. State or federal tax debt are “tax levies.”.

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Government Taxes Payroll Electronics 88

HR Professionals Magazine

MAY 4, 2023

By Kisha Moliere It is common to think of benefits administration technology (ben admin) platforms as a tool that only facilitates employee benefits enrollment and transfers benefits eligibility data between carrier and payroll systems. Below are a few examples.

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Technology Utilities Payroll Deductions 52