The deadline for furnishing copies to employees, paper filing, or E-filing to SSA is the same i.e. January 31st, 2023. What is the W-2 Form deadline — Form W-2 is an annual payroll report that shows the amount of taxes…
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Category: Small Business Payroll
Federal Minimum Wage by State – 2022 & 2023
The federal minimum wage for 2022 is $7.25 per hour. Some states and countries have raised their own minimum wages since it has not been increased since July 2009. The federal minimum wage rates below are for general informational purposes…
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The Small Business Owner’s List of Federal Holidays 2022
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 you can’t just give time off to your employees on list of…
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Understanding How Biweekly Pay Works – The Complete Guide
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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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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How Many Pay Periods are in a Year?
If you are just starting out your business and planning to hire employees, your initial task on the checklist will be setting up a payroll system, classifying employees, and selecting pay periods i.e. determining how often you want to pay…
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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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When to Switch Your Payroll Service Provider?
At which point you would need a switch over to a new payroll service provider? More often companies reach a crisis point before making a decision to change. This puts people, systems, and relationships under pressure, which shadows the business…
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Small Business Payroll Services
Small Business Payroll Services Companies provide services to the majority of American businesses. In the USA, it is mandatory for employers to pay for Medicare, Local, State, and Federal Taxes to the IRS for their employees. In the process the…
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The Best Payroll Software for Small Business in 2022
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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