Posts from December, 2011

  • Letting a Specialist Handle Your Payroll Makes Good Business Sense If you own a small business, you probably started it because you were excited about making a certain product or providing a certain service. And what keeps you excited is making that product or service better, pleasing customers and growing your company. The routine business ... Continue Reading
  • The High Cost of Payroll Mistakes Payroll administration may be a mundane task, but it’s one that can create some serious repercussions if it’s ever done wrong. Monetary penalties for things like non-remittance or late remittance of taxes, incorrect calculation of overtime pay and improper retention of ... Continue Reading
  • New IRS Payment Reporting Rules for Businesses Could Bring Form 1099 Confusion in 2012 For small business owners, tax preparation for 2011 could bring some confusion surrounding the proper way to report payments to vendors on the IRS’s Form1099-MISC. Form 1099-MISC has always been used to report to the IRS payments of $600 or more made by businesses to small ... Continue Reading
  • Payroll Tax Rates for 2012 - Uncertainty Continues Amid Dueling Proposals The payroll tax that funds the Social Security program will go up on January 1, 2012. That is unless it goes down. Or possibly stays the same. Unfortunately for payroll managers , that’s about as clear as the payroll tax situation has gotten with 2011 winding to a close and ... Continue Reading
  • Payroll Outsourcing Eases Small Business Paperwork Burden Small businesses employ tens of millions of workers in the United States and Canada. That’s tens of millions of paychecks amounting to billions of dollars going out every month. While that’s a great contribution to the economic engines of our countries, the routine of ... Continue Reading