These days it’s vital for companies to establish remote working policies BEFORE they allow employees to work from home!
Protecting Your Business From Payroll Fraud
Remember When? When you started your business you may have had to make a decision…are your employees going to be W2 and 1099? It’s not a small matter, but one with long-lasting impact on how you do your business and whether the IRS comes to visit you on the issue. It can also help protect […]
How the Massive Cyberattack on a Payroll Software Giant Left Millions Unpaid
One of the world’s biggest payroll software companies, Kronos, has recently been struck by a massive ransomware attack. This data breach left millions of public and private sector customers without paychecks ahead of Christmas, one of the worst times possible to not get paid. Multiple Kronos software platforms used by thousands of clients have been unavailable […]
How To Migrate Your Payroll Taxes
All components of business are important to its success. It is not only the product and service but what goes on behind the scenes. Of course, you may immediately think of proper amount of inventory, branding, and what kind of marketing you want to employ, and let’s not ignore the rude reality of TAXES! Aaargh. […]
Employee and Employer Payroll Taxes – What’s The Difference?
Even though payroll taxes are paid by both employers and employees, there’s one major difference. Payroll taxes paid by employees affect employees’ net pay, but payroll taxes paid by employers don’t. Taxes that employees pay are subtracted out of an employee’s gross pay, which lowers the net pay for that paycheck. However, payroll taxes paid by the employers do not affect […]
Outsourcing Payroll Services in Chattanooga
Outsourcing Payroll Services in Chattanooga There are so many moving parts to running a business. Inventory, scheduling staff, branding, marketing strategies, product development, etc. That is only naming a few areas that a business owner must be on top of when creating an excellent environment for staff, management, and most importantly, customers. Then of […]
3 Benefits of Working With a Third-Party Provider for Payroll
For growing companies, payroll services are among the most stressful HR responsibilities. As the source of your employees’ livelihood, payroll must be inputted accurately, but the time-consuming process can eat into other tasks necessary for a business to run successfully. Third-party providers for payroll offer a convenient and cost-effective solution. Here’s how their experts can […]
The Payroll Tax Deferral Explained
What Happened? On August 9, 2020, President Donald Trump issued a handful of executive orders (or memorandums) in an attempt to revive the U.S. economy. One of those executive orders pertains to a “payroll tax deferral”, which provides vital funding for Medicare and Social Security. This has left many people confused, including countless business owners […]
The PPP Was Extended: Expert Advice On Why You Should Apply
The Paycheck Protection Program (PPP) recently received an extension bill July 4th, offering business owners and self-employed individuals an additional 5 weeks to apply for a PPP forgivable loan (ending August 8th). Roughly 5 million businesses have already received funding; however, there are a large number of people who have still not applied. To date, […]
The Ultimate Guide to PPP for the Self-Employed
As the PPP deadline of June 30th looms less than a week away, we felt it was important to provide some context for the self-employed individuals looking to take advantage of the nearly $120B still remaining. Background: the Paycheck Protection Program (PPP) is a $660 billion dollar loan program. It was implemented by Congress specifically […]