» Home » Payroll » Page 1
How to Change From Weekly Payroll to Monthly Payroll
Category : Business
Paying your employees on a monthly rather than a weekly basis can save your business money and help increase your cash flow. While there are obvious benefits for your company in switching from a weekly to a monthly payroll, your workers -- who will be forced to survive a month on a week's wages -- are likely to be concerned about how they will make ends meet while the change is being actioned. It'

View Replies


Payroll Expense Vs. Payroll Liability
Category : Business
Payroll activities involve the financial management of wages paid to workers along with withholding and taxes. Many companies have a payroll department that works closely with accountants to properly record information in the general ledger -- a record that contains financial information relating to a company's business transactions. Two common payroll terms are expense and liability. Payroll E

View Replies


LLC and Payroll
Category : Business
The Internal Revenue Service (IRS) does not recognize a limited liability company (LLC) for income tax purposes and, by default, treats LLCs as sole proprietorships or partnerships. But if an LLC hires employees, the IRS suddenly does recognize the LLC, if not as a long-lost friend, at least as an employer who owes the government money. An LLC does not pay any company income tax on profits under d

View Replies

TAGS : Payroll

How to Pay Payroll Tax
Category : Personal Finance
Whether you are an employer or a self-employed person, you must know how to pay payroll tax throughout the year. As an employer, you are responsible for filing a 941 form with your payroll taxes quarterly. If your state has an income tax, state taxes are submitted to the state agency quarterly as well. Self-employed individuals can pay estimated taxes quarterly if they expect to owe any taxes at t

View Replies

TAGS : Payroll

How to Use ADP for Payroll
Category : Business
ADP is a provider of multiple services for business owners, including payroll services. The benefits of using ADP for payroll is it streamlines your accounting processes, including calculating each employee's payroll taxes and deductions. ADP allows you to choose the services you want for payroll needs and permits bundling to save your company money. Pricing and ADP payroll services also will depe

View Replies

TAGS : Payroll

What Is a Payroll?
Category : Business
Payroll is the primary group of expenses in a business associated with its human resources. Often one of the largest expenses of a business (especially in small to mid-sized businesses), payroll encompasses paychecks, taxation and employee benefits. Payroll as a term is often used to refer to the total number of business employees. Extent of PayrollPayroll refers to all compensation paid to a

View Replies

TAGS : What Payroll

What Is a Payroll Tax?
Category : Business
When you get paid you don't get all the money your employer "owes" you. If you look at your paycheck stub, you'll see that payroll taxes have been deducted. There are also other payroll taxes that your employer is responsible for. The taxes employers pay provide unemployment benefits and help fund Social Security and Medicare. IdentificationA payroll tax is money deducted from an employee's ear

View Replies

TAGS : What Payroll

What Is the Payroll Tax Cap?
Category : Business
The payroll tax cap references an element of the Federal Insurance Contributions Act (FICA) tax. This is a tax imposed on all U.S. employees and their employers to fund Social Security and Medicare. Social Security funds are paid out to retirees according to the amount they paid into the program during their working careers as a means of financially supporting them during this period of their live

View Replies

TAGS : What Payroll

Can an LLC Do Payroll?
Category : Business
In general, a limited liability company, LLC, with employees is required to pay employment taxes. Failing to file and make payroll tax payments leads to fines, penalties and possibly an investigation if the LLC willfully neglects its federal tax obligations.

View Replies

TAGS : Payroll

What Is ABR Payroll?
Category : Business
Payroll can be one of the most challenging parts of operating a business. It can take a lot of time and money, especially when hiring temporary workers. One way to avoid this is to outsource part of the payroll work. One such outsourcing company is ABR Employment Services, which is the parent company for the Kinsa Group, which outsources workers in the food industry. ABR Employment Services handle

View Replies

TAGS : What Payroll

Next
2012 / 2017 Copyrights BigHow , All Rights Reserved .