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,…
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…
Pros and Cons of Payroll Software vs Payroll Services
Choosing between Payroll Software vs Payroll Services can be a daunting decision for any business owner. Both options have their advantages and disadvantages, so it’s important to consider…
The Small Business Owner’s List of Federal Holidays 2023
When you are running a small business, whether it is a restaurant or a recreation park, sometimes holidays will be the prime day for your business. This means…
What is Compensation? – Definition, Importance, Types, FAQs & Plan
Compensation is one of the leading expenses for any small business. Before we learn the importance and types of compensation, we’ll learn what is compensation? Definition of Compensation…