Form 941 is a quarterly tax form that tracks FICA (Social Security and Medicare) payments made by employers throughout the year. Employer FICA tax payments (6.2% for Social Security and 1.45% for Medicare) are typically due monthly or semiweekly, and Form 941 is due quarterly. If you’d rather not manually pay FICA taxes and fill…
How to Do Payroll in North Carolina
Payroll in North Carolina is pretty straightforward and follows general federal guidelines, requiring you to secure a Federal Employee Identification Number, NC Withholding Identification Number, and register for unemployment tax. However, there are still several labor law regulations that must be considered to ensure state payroll compliance. Using our guide below will ensure you take…
How to Deal With Employee Tardiness [+ Free Template]
How you react to employee tardiness and what steps you take to address that affect much more than just the late employee. Tardiness may increase turnover, and decrease business efficiency that’s why you should implement time tracking, keep records, and communicate a clear policy to your employees. They should know that frequent tardiness has consequences,…
How to Do Payroll in Arizona
Arizona is a typical state when it comes to processing payroll. It follows federal guidelines with a few exceptions. Some of these exceptions are listed below: Arizona has a progressive state income tax that depends on your employee’s income. You will need to withhold these state taxes in addition to federal taxes. The size of…
How to do Payroll in New Mexico
As you learn how to do payroll in New Mexico, you’ll find that labor laws for hours, time off, and overtime closely align with federal regulations, so you won’t have to deal with as many headaches that employers in some states do. Employers are required to pay state income tax withholdings on a monthly basis…
Free Pay Stub Template: Tips & Laws on What to Include
A pay stub is a document that serves as a record of an employee’s paid wages in addition to taxes and deductions withheld. In this article, we provide free pay stub templates to help you comply with laws in the 41 states that require employers to provide them—even if paying with cash or direct deposit….
What Is Time Theft: Types, Laws, and How to Prevent It
Time theft is when an employee gets paid for time they did not work, and it generally applies to hourly employees and nonsalaried employees. There are many ways employees can steal company time and, ultimately, steal company money by getting paid when they are not working. Fortunately, you can take action. One of the best…
How to Do Payroll in Nebraska: What Every Employer Needs to Know
Processing payroll in Nebraska is a pretty straightforward process. Most of the laws align well with federal laws, and there are no local taxes levied by cities or municipalities in Nebraska, like there are in other states. However, there are still nuances that may trip up even the most seasoned payroll professionals. The best way…
8 Best Retail Employee Scheduling Software 2021
Scheduling shifts can get complex between employees needing time off, labor law restrictions, and different positions requiring certain skills and wages. Retailers especially need software that’s easy-to-use and reminds employees to log in and out on their smartphones or POS system. With scheduling software, managers can create dependable schedules quickly and share them (and any…
Self-Employed Payroll: How to Process Your Own Paycheck
When processing payroll for yourself vs employees, choosing the right business structure is key to minimizing taxes. Determining how much and how often to pay helps with managing profitability and cash flow, which is why setting up a self-employed payroll system is important. Good payroll services make it easy and support employers with tax law…
Best Free Payroll Software for 2021
Free payroll software makes it easier to run paychecks without adding to your budget. The best options can calculate pay for hourly and salary workers, handle tax calculations and deductions, and print checks and pay stubs. Some of the software even files taxes and offers direct deposits. In this guide, we reviewed six free payroll…
What Is Form 944 and How to Fill it Out
Form 944 is an IRS form that very small businesses use to file their employer taxes on an annual basis. It is specifically for businesses that have at least one employee and owe less than $1,000 annually in federal taxes (income tax withholdings plus Social Security and Medicare taxes). This article covers the when and…