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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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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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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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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Running a small business isn’t easy. When you are responsible for everything from the success of the sales force, to the efficiency of the back office, it can often feel overwhelming. But, it doesn’t need to be this way. There…
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Doing payroll by hand is, to say the least, outdated and simply no match to the more modern approaches. Going down the manual route will most likely do more damage than good to your business. Here’s how: Calculation errors—doing calculations…
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Every year payroll processing becomes more complicated with revised tax tables and new requirements from the IRS. To pay your employees on time and ensure that taxes are filed accurately it is critical that you maintain up-to-date payroll software.
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Capitalization of costs is the usual practice that any business has to follow when they buy an asset which is supposed to render service for more than a year (usually for fixed assets). In simple terms, that means the cost…
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The latest update of CheckMark payroll software 16.0 is full of new enhancements ensuring employers process payroll effortlessly. We release updates annually based on the feedback provided by thousands of small business owners using CheckMark Payroll software. Here’s a quick…
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With the Protecting Americans from Tax Hikes (PATH) Act of 2016 from Congress, small businesses will experience some relief regarding tax rules and their fluctuations. This PATH Act is applicable for taxes of 2015 and 2016.
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