How to do Payroll for a Small Business – The Ultimate Guide
Payroll is an essential component of every business, large and small. Once you have made the decision to hire your first employee or employees, it is inevitable that…
Form W2: Everything You Ever Wanted To Know
Form W2, also known as the Wage and Tax Statement, is a multi-part standard tax form that an employer must send to employees as well as the Internal…
W-2 Deadline, Penalty, & Extension for 2023/2024
The W-2 deadline for distributing copies to employees and for filing, either on paper or electronically to the SSA, is January 31, 2024. This deadline ensures that your…
5 Reasons to Update Your CheckMark Payroll Software Now!
Each year, the payroll management process becomes increasingly complicated due to the ever-changing tax tables and evolving IRS regulations. To guarantee timely employee compensation and accurate tax filings,…
How to File 1099-NEC in 2024
As the tax season approaches, learning how to file 1099-NEC might seem like a daunting task for business owners and employers who have paid non-employee compensation during the…
1099 Deadlines, Penalties & State Filing Requirements for 2023/2024
When are 1099s due in 2024: January 31, 2024, is the 1099 deadline applicable for Form 1099-NEC (Non-Employee Compensation). Copy A and B should be furnished to the…
How to File 1099-MISC for Independent Contractors
Wondering how to file 1099-MISC? As the tax season approaches, filing 1099-MISC Forms accurately is essential for business owners and employers that have hired independent contractors. In 2020,…
Federal Minimum Wage by State – 2022 & 2023
The federal minimum wage for 2023 is $7.25 per hour. Some states and countries have raised their own minimum wages since it has not been increased since July…
CheckMark Online Payroll Is Finally Here
The much-awaited and highly anticipated online payroll edition of our signature desktop program – CheckMark Payroll Software has been launched officially. It has been received with great approbation…
7 Tips to Find the Right Payroll Software for Your Business
Payroll is an essential part of any business operations, most especially when you have employees that you need to compensate. Thankfully, the digital revolution has helped streamline many…
Gross Pay vs Net Pay: Difference, Calculation, & Examples
Payroll is a complex and daunting task for a majority of employers, especially when it comes to calculating gross pay vs. net pay. Understanding the difference between these…