Doing payroll in Florida isn’t complex, especially if you’re abreast of federal regulations—there aren’t an abundance of state-specific laws, and employees don’t have as many protections in place compared to others, like California. It also doesn’t have a state income tax, but employers are required to pay state unemployment insurance tax (SUTA), or reemployment taxes….
9 Payroll Costs to Consider Before Becoming an Employer
On average, small businesses pay $45,000 in payroll per employee, according to a 2017 report by JPMorgan, Chase & Company. Since the COVID-19 pandemic began, 32% of small business owners laid off employees and 30% spent their reserves by the end of the year. Even with government loans like the Paycheck Protection Program, many small…
2021 Federal & State Payroll Tax Rates for Employers
Both employers and employees are responsible for payroll taxes. Federal tax rates, like income tax, Social Security (6.2% each for both employer and employee), and Medicare (1.45% each), are set by the IRS. However, each state specifies its own tax rates. Below is a state-by-state map showing rates for taxes, including supplemental taxes and workers’…
15 Free Payroll Templates: Tips and What to Include
Payroll templates are pre-designed spreadsheets and forms that help organize, calculate, and track payroll data. They’re best for business owners who are preparing to hire their first employees and want to better manage payroll. You can use these templates instead of, or in conjunction with, payroll software to eliminate extra costs for add-ons like time…
5 Best Payroll Apps in 2021
The best payroll apps make it easy for employers to manage payroll even when they’re out of the office. Most apps are free to download, though you have to pay subscription fees to use the provider’s software. Some payroll apps may even cost less but won’t allow you to run payroll or e-file payroll taxes…
How to Do Payroll in Oklahoma
Doing payroll in Oklahoma involves more than paying employees. In addition to filing federal taxes, you need to file state income taxes and unemployment insurance taxes. There are exemptions for some workers, like military spouses, and the state has its own W-4 form (the document you’ll have new employees submit upon hire) with different withholdings…
How to Do Payroll in New York State
Doing payroll in New York can be more tedious and costly than handling it in other states. Its minimum wage rate is steadily increasing, so you could find yourself required to pay employees a minimum of $15 an hour, more than twice as much as the federal requirement. And in addition to paying regular federal…
How to Do Payroll in Texas: What Every Employer Needs to Know
Paying employees in Texas is a much easier process than you’ll find in other states. There’s no income tax, businesses aren’t required to purchase workers’ comp insurance, and employers only pay state unemployment taxes. There are some special laws concerning overtime and minimum pay frequency, but overall, Texas follows the federal regulations concerning business taxes….
Employee Handbook: Sections to Include [+Free Sample]
An employee handbook is a document that covers the rules and conduct expected of a business employee. It also serves as a reference for employees to learn about key policies like benefits, dress code, and work schedules. For business owners, maintaining an up-to-date employee handbook ensures employees have access to the same information regardless of…
Aatrix Review: Is It Right for Your Business?
Aatrix is payroll processing software for Macs. It includes a timecard tool for tracking hours worked accurately and monitoring vacation time, sick pay, and holiday pay. Although it’s not cloud-based or comparable with modern software, the software is free to use with a paid tax table subscription plan. What We Recommend Aatrix For Aatrix is…
SentricHR Review: Is It the Right HR Software for Your Business?
SentricHR is an online HR software ideal for businesses that need a complete HR solution with a highly recommended customer service team. This SaaS HR service includes HR tools, payroll, tax support, onboarding, compliance features, and time tracking. What We Recommend SentricHR for Since SentricHR provides every HR feature businesses require in one integrated solution,…
Zoho People Review: Is It Right for Your Business?
Part of the Zoho product suite, Zoho People is a secure, web-based HR solution that gives employers and employees an intuitive platform to help manage human resource matters, like onboarding, attendance tracking, and even answering employees’ questions. It has a free version for companies just starting out and enterprise-level tools for large companies planning to…