When you’re looking for payroll software, the biggest challenge can be figuring out how each provider is different. Most calculate wages, offer direct deposit, and pay taxes, but which one is really best for your business? We evaluated dozens of payroll software, picked the eight best options for small businesses, and gave the highest consideration…
Easy Guide to Understanding Payroll for Nonprofits
Generally, processing payroll for nonprofits is similar to for-profits; however, there are some differences depending on your organization’s structure and the types of workers you need to pay. Like for-profits, all nonprofits must pay and withhold FICA taxes, but 501(c)(3)s are exempt from paying federal unemployment taxes (FUTA). You may also pay for a payroll…
How to Set Up QuickBooks Payroll Direct Deposit in 5 Steps
Compared to most payroll services, the setup process for direct deposit is intuitive. Aside from your company’s basic information (such as business name, address, and employer identification number or EIN), the system requires your business bank account details so that it knows where to pull the money from when it’s time to process employee paychecks….
Paychex vs ADP vs Gusto: Pricing, Features & What’s Best
When it comes to payroll software, Paychex, ADP, and Gusto are popular but for different reasons. ADP and Paychex are established providers that offer comprehensive HR and payroll services for businesses of all sizes, and Gusto is a newer provider that gives small businesses an affordable full-service payroll option with features they’d pay extra for…
How to Do Payroll in QuickBooks Online in 7 Steps
If you’re already using QuickBooks Online and you need to pay employees, consider adding to your plan. You can access it from the same system you use to manage your business’ books, allowing for the seamless transfer of your payroll expenses to the appropriate general ledger accounts. With just a few simple steps, you can…
Best Payroll Software for Mac Users in 2021
For Mac users, finding software that’s fully compatible with their operating system (OS) can sometimes be challenging. When it comes to payroll software, some solutions may even be off-limits. In this guide, we looked at seven payroll software that work with Mac. Some are stand-alone systems that cost anywhere from $250 to $500 a download,…
W-2 vs W-4: What’s the Difference and When to Use Them
The W-2 and W-4 forms are important IRS documents for your business and staff. Form W-4 is used to provide information about how much tax should be withheld from your employees’ paychecks, while Form W-2 is used to report annual income and taxes to the IRS. In this guide, we’ll compare both in detail and…
12 Payroll Forms Employers Need
It is mandatory for employers to have up-to-date payroll forms regardless of how many employees they have. To maintain good standing with the IRS, you need the regulated payroll tax forms like W-4 for new hires and W-2 for wage and tax statements. Other less structured forms can also be useful in helping you organize…
How to Do Payroll in Nevada in 9 Steps
Nevada does not have a state income tax, and its overall reporting requirements are easy to follow. It does not require state disability insurance but does charge state unemployment taxes (SUTA) quarterly. You may prefer to find a payroll software or service that handles all the rules and filings for you. covers Nevada along with…
What Is a Certified PEO?
A Certified PEO (CPEO) is a Professional Employer Organization that has met all requirements set forth by a governing body (the IRS being the most well-known) to receive certification. These requirements include strict guidelines that ensure that the organization is both responsible with its finances and is remitting payroll taxes correctly and timely on behalf…
FUTA Taxes and Form 940 Instructions
The Federal Unemployment Tax Act (FUTA) tax is what employers pay the IRS to fund the unemployment program that pays eligible workers who have lost their jobs. This is separate from state unemployment taxes (SUTA). Federal regulations only require employers to pay a maximum of 6% on each employee’s first $7,000 of earnings. At the…
How to Convert Minutes for Payroll [+ Free Minute Conversion Chart & Template]
If you are an employer with multiple hourly workers, it can be challenging to calculate pay if they work only a fraction of an hour. To pay employees working for partial hours, you need to know how to convert minutes for payroll. Failing to convert minutes when calculating pay causes errors and creates more work…