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…
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 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…
How to Do Payroll in Florida
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….
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…
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,…