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What Is Imputed Income? | Payroll Definition and Examples

Patriot Software

Group-term life insurance exceeding more than $50,000. Patriot’s online payroll software calculates the proper taxes for you. Opt for our Full Service payroll services and we will take care of withholding and depositing the taxes. As an employer, you must be aware of what can be considered imputed income.

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10 Easy Ways to Sabotage Your Payroll Process

Insperity

Running a business means managing a ton of moving parts; payroll is just one of them. With so much going on, even within the payroll process itself, it’s easy for business owners to slip up. Keep an eye out for these payroll faux pas: 1. By using an automated payroll processing system, this oversight can easily be avoided.

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How to Handle the Death of an Employee in Your Small Business

Patriot Software

Do you offer benefits like health insurance, life insurance, and retirement plans? After addressing the above, remove the deceased from your business’s payroll, website, and phone and email systems. If you use payroll software, remove the deceased from the system. Keep payroll records for at least three years.