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Pay Periods: Definitions, Types, And Factors To Consider

CuteHR

A well-planned pay period will help you stay in compliance with tax and labor regulations and satisfy payroll obligations on a consistent basis. In this blog, you’ll get to know more about pay periods, how they work? Your HR department will need to conduct payroll twice a month if you have a semi-monthly pay period.

Payroll 70
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Ensuring Global Payroll Tax Compliance

Celergo

Staying on top of tax compliance requirements can be a daunting task for any business. Ensuring global payroll tax compliance becomes a critical challenge when employees are located in multiple jurisdictions. Due dates can vary widely from one tax authority to the next. Review and Update Policies and Procedures.

Payroll 48
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Tips for Employer Taxes

BerniePortal

*This blog is adapted from the HR Party of One episode, Tips for Employer Taxes, which you can view below. Tax season is among us - so today, we’re covering what HR Parties of One need to know. Paying employer contributions for FICA taxes. Paying other employer business taxes. The History of Employer Taxes.

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Top 7 Payroll Tips for Business Owners

Effortless HR

Payroll is an important aspect of running a business with employees. An efficient and organized process can make payroll less cumbersome and costly. Here are seven simple and effective payroll tips that can benefit every business owner. If you hire new employees, report the event to the state within 20 days ).

Payroll 79
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Decoding Your W2 Forms with a Payroll Expert | Part 1: Boxes 1 through 9

Zenefits

Personal taxes are intimidating. The rules are unnecessarily complex, difficult to understand, and many of them will change before you file your next round of taxes in 2019. This form is required by your employers to document your annual wages and taxes from your paychecks. Equals: Federal Income Tax wages.

Payroll 28
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Prepare Your Employees for W-2 Season

Tandem HR

Employees will be searching for their W-2 to prepare for 2017 tax returns. The IRS requires all employers to complete a Form W-2 annually for every employee to report taxable wages to the government. Employees are issued three copies to process their tax returns for that year and to keep for their records. What is a W-2?

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Decoding Your W2 Forms | Part 2: Boxes 10 through 20

Zenefits

While tax forms and laws continue to evolve, the W2 form is one piece of the process that has stayed relatively consistent. Dependent Care – Box 10 of the W2 forms is used to report flexible spending (FSA) for dependent care. B — Uncollected Medicare or RRTA tax on tips. J — Nontaxable sick pay.