October 12, 2016
Once your business reaches the point of having at least one employee, you need to pay close attention to the details of payroll compliance—especially payroll taxes such as the withholding of federal and state income taxes and FICA (Federal Insurance Contributions Act) tax from employees’ wages. You also need to pay the employer share of FICA tax and federal and state unemployment taxes.
Payroll is an area of your business where it is essential to be proactive about remaining current and compliant. Doing so can save you a lot of pain by avoiding penalties for mistakes and late payments, so use these tips to ensure your payroll is as close to perfect as possible:
If you have questions about payroll compliance and taxes, please contact our firm for assistance.
June is national safety month, and it never hurts to remind your clients and community that safety always comes first. Our goal with this blog is to help you augment your marketing initiatives with a few ideas around safety. While we can’t cover every industry in a single post, we hope that you find the tips below useful and that they spark some innovative new marketing ideas!
It’s graduation season, and for many parents that means it’s almost time to start shelling out for college tuition. For those well-prepared parents with established 529 plans in place, the time has come to tap into that money pool. Of course, when it comes to tax-advantaged savings, trust that the IRS is keeping close watch, so it’s important to avoid making any rookie mistakes. It’s also important to keep saving as you move forward.
Having a remote workforce can be challenging, especially if you are trying to build a positive, collaborative work environment. So, how do you create a sense of comradery when you have staff in remote locations? These tips can help: