Remove understanding-tax-forms-what-is-a-w-2
article thumbnail

Understanding Payroll Taxes: Payments, Penalties, and Deadlines

Netchex HR Blog

Taxes are a major part of the payroll process. Just like your business needs to pay employees, it also needs to pay taxes. Payroll taxes help your employees manage their annual tax burden, and by checking all the paperwork, ultimately prevents costly fines for your business. What are payroll taxes?

Payroll 52
article thumbnail

Common Payroll Mistakes and How a PEO Can Help Avoid Them

Extensis

Tips for Keeping Your Business Compliant and Productive Quick look: Managing payroll can be complex and time-consuming, involving multiple tasks like calculating wages, withholding taxes, and filing reports. With so many moving parts, it’s no surprise that payroll mistakes happen and can have serious consequences for businesses.

Payroll 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Are Payroll Costs – A Quick Overview

Payactiv

Payroll expenses are the costs associated with compensating people for the work they do for your business – whether they’re full-time workers, hourly workers, or contractors. An Explanation of Payroll Expenses. Payroll expenses represent all the costs an employer incurs to compensate its workers for their labor. Payroll Taxes.

Payroll 52
article thumbnail

5 Common HR Horrors to Avoid

Extensis

Unfortunately, the adage, “you don’t know what you don’t know,” rings true for many SMB employers. However, understanding what causes these common HR mistakes and how to avoid them can help your small- or medium-sized business (SMB) ward off any challenge that creeps up. Horror #2: Sloppy payroll processing.

article thumbnail

Understanding Employee vs. Independent Contractor

Helpside

This blog was written by Florencia Ramos, Senior Payroll Specialist at Helpside. It is very important to understand the difference between the two types of workers as misclassifying a worker can result in penalties and fines. Financial : Are the business aspects of the worker’s job controlled by the payer?

article thumbnail

W-2 vs. 1099: Which workers get which?

Business Management Daily

As the gig economy continues to expand, employers now more than ever need to possess a thorough understanding of the classification for each person performing services for the company. Don’t risk getting in trouble by issuing the wrong form. Take a closer look at what W-2s and 1099s entail.

article thumbnail

Pay Up! 10 Steps to Establishing a Payroll Process (Part 1)

Insperity

Which taxes apply to which employees? Whether you have one employee or 1,000, the process for implementing a payroll system is the same. Whether you have one employee or 1,000, the process for implementing a payroll system is the same. In this two-part blog series, we’ll walk through the 10 steps you need to take.

Payroll 40