Small business owners are no stranger to the need to be self-sufficient and balance competing tasks. Some responsibilities, such as paying taxes and employees, are difficult to complete without proper planning. Additionally, there are many legal and financial risks for not fulfilling these obligations, especially in the state of Maryland. We know time is precious, so we’ve broken down the essential regulation and steps needed to complete payroll for small businesses in Maryland.
Payroll Blog Posts | Page 2
Learning how to do payroll in-house can keep costs down, but crunching the numbers and doublechecking your work takes patience and practice. It’s not impossible, though — no matter how daunting it may seem. Read on! We’ve put together a comprehensive guide to handling payroll that will take the guesswork and stress out of the picture.
Small business owners setting up shop need payroll records, legally speaking, just as much as CEOs of nationwide enterprises. Your payroll records help you prove to the government that your employees are collecting the money you owe them, on-time. But, as a business owner who’s still building out their company infrastructure, it can be worth it to manage employee payroll records yourself.
The more complex details of payroll and payroll taxes can be time-consuming and confusing, but they are absolutely essential for avoiding legal issues and penalties. We know small businesses have plenty on their plate already, so in this article, we’ve broken down all the steps involved in doing payroll in New York State — and the key regulations to be aware of. Ready to learn how to do payroll in New York? Read on!
Blessed with no state or local income taxes, Floridian businesses enjoy one of the laxest tax codes in the country. That leaves them with much less number crunching and heavy lifting to do in their payroll management. And coupled with highly intuitive payroll management software, small and medium scale business owners in Florida can process their payrolls personally with relatively greater ease. Learn more about Florida payroll rules and regulations here!
Ever wondered what the difference is between a 1099 contractor and a W2 employee? Believe it or not, the answer is both easier — and more complicated — than you might expect. It all boils down to this: If you tell your workers both what to do and how to do it, then they are probably W2 employees. On the other hand, if you only control the results and not the process, then they are probably 1099 contractors. The distinction may seem simple, but the implications are wide-ranging and can be fairly complex.
Most employers start onboarding too late and stop too early. Poor onboarding practices not only lower morale in new employees, they hinder productivity and will eventually cost you money. How can you leverage your onboarding process to improve employee retention, save money, improve your recruiting, and foster better working relationships within your team? Learn how to create a clear employee onboarding process that meets your specific needs with this simple checklist.
With the right software, DIY can sometimes be as simple as uploading information into the cloud and clicking a button. Even so, small business owners should take the time to understand the various components of payroll. Think of it this way: If an employee comes to you with a question about their paycheck, you should be able to help and explain any payroll documents in a teachable manner.
There are three ways to go when it comes to payroll. The first is to do it yourself manually; the second is to do it yourself but use a payroll software solution; the third is to hire an accountant or an accountancy firm to do it for you. Doing payroll manually demands the greatest time investment but it may also be the best way to save money if you’re just starting out. Read on for tips and tricks to DIY payroll, and learn when it might be best to go with an expert.
Is it time to add Intuit QuickBooks Online Payroll to your business? With its recent changes to its payroll platform, QuickBooks proves that it wants to remain a small business’s best option when it comes to business software. While you might have to pay extra for the service, the features and ease-of-use at all levels mean that QuickBooks should be in contention if you need to add a payroll system.