When setting up a payroll system for your small business, one of the first and most important decisions you must make is to decide the pay frequency for paying your employees – weekly pay, biweekly pay, semi-monthly pay or monthly…
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Category: Small Business Payroll
Federal Minimum Wage by State – 2019 & 2020
The federal minimum wage for 2019 & 2020 is $7.25 per hour. Some states and counties have raised their own minimum wages since it has not been increased since July 2009. Note: The federal minimum wage rates below are for…
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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 Compensation is the remuneration awarded to an employee in exchange for their…
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What is Form W-4 and How to Fill It Out in 2019
What is Form W-4? Form W-4 also known as Employee Withholding Allowance Certificate is an IRS form, which every employee needs to complete to let their employer know how much federal income tax to withhold from each paycheck. Your employer…
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The Best Payroll Software for Small Business in 2020
If you are searching for the best payroll software for small business in 2020, this article will guide you in the right direction by helping you save time, money and effort in the long run. Being a responsible small…
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W-2 Deadlines, Penalties, & Extension for 2019/2020
Form W-2 is an annual payroll report that shows the amount of taxes withheld from the employees’ paycheck for the year and is used to file federal and state taxes. As 2019 draws to a close, it is important for…
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How to do Payroll for a Small Business – The Ultimate Guide
Getting Started 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 you know how to do payroll properly. However, the truth…
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Form W2: Everything You Ever Wanted To Know
Form W2 is a multi-part standard tax form that an employer must send to the employees as well as the Internal Revenue Service (IRS) at year-end. The form contains employee’s annual wages, Social Security earnings, Medicare earnings, and federal and…
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How Much Does Payroll Software Cost?
Payroll software is vital for any small business who wishes to expand and grow. However, there can often be some confusion over the payroll software cost. We want to ensure that you don’t miss out, so keep reading to find…
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How to Choose the Best Payroll Software for Small Business
When it comes to choosing the best payroll software for small business, it can often feel like a daunting task. Unless you have experience, the thought of finding the best payroll software can seem intimidating, stressful and time-consuming. If you’ve…
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