Learning how to do payroll in New Hampshire is a breeze because the state doesn’t have income tax and local taxes. It also doesn’t require a state income deduction form, which is one less thing for you and your employees to worry about. Step-by-Step Guide to Running Payroll in New Hampshire New Hampshire makes payroll…
How To
How to Do Payroll in Iowa: An Employer’s Guide
Learning how to do payroll in Iowa involves following some common steps like registering for state unemployment insurance taxes (called SUTA) and workers’ compensation insurance. You’ll need to withhold money from employee paychecks for state income taxes and pay close attention to the calculations—they’re tiered and range from 4.4% to 6.0%. But that’s changing—more on…
How to Set Up a VoIP System in 7 Steps
Learning how to set up a voice-over-internet-protocol (VoIP) system starts with identifying your business needs and considering your current call volume and the types of calls you manage. Next, with a clear understanding of your needs, assess if you have enough internet bandwidth and explore different VoIP types. From there, determine your budget, decide on…
How to Do Payroll in Washington, D.C.: An Employer’s Guide
Learning how to do payroll in Washington, D.C., is fairly easy because it mostly follows general federal guidelines. You will be required to obtain a federal Employee Identification Number (EIN), state tax and unemployment IDs, and an employment services number. You can take proper precautions to remain in state payroll compliance by following our steps…
Creating a Hiring Policy: The How & The Why
A hiring policy simply defines the practices and procedures used to hire a new employee. It covers everything from identifying the need through making the offer and considers fair practices, steps, and responsibilities. You will typically only need a single policy for your company—though you may have different policies for different occasions. For example, seasonal…
How to Do Payroll in Wyoming: An Employer’s Guide
Wyoming is one of the easiest states in which to run payroll. With no state income tax, your calculations of Wyoming payroll tax will be simple. That doesn’t mean you can just zip through payroll, however, as you still need to ensure that you’re following federal and state HR laws. Step-by-Step Guide to Running Payroll…
How to do Payroll in Utah: Payroll Taxes, Laws, & More
Doing payroll in Utah is more straightforward than in many states. Utah has a flat income tax, making it easy to compute the amounts you need to withhold from employee paychecks; however, it also has some specific HR laws you need to follow. Learning how to do payroll in Utah and calculating Utah payroll tax…
How To Determine the Useful Life of an Asset for Tax & GAAP
Determining the useful life of an asset is a matter of judgment. No formula can provide a quantifiable way to determine useful life; instead, the business may refer to IRS Publication 946 or Accounting Standards Codification 350 for guidance. If you want a quick and easy way to determine useful life, the IRS provides standard…