A workers’ compensation insurance primer for small businesses

Posted Leave a commentPosted in Insurance, Payroll, Small Business

In the past many small businesses avoided carrying workers’ compensation insurance. In the future, more small firms will carry this insurance. This blog post is meant for small employers who are facing this issue for the first time. This is a big risk facing the smallest unsuspecting employers. What is changing? State laws have always […]

Strippers draw attention to changing tax law

Posted Leave a commentPosted in Payroll, Small Business, Taxes

Who would have guessed that strippers would be on the cutting edge of changing tax law? The laws that distinguish between contractors and employees are changing in some states. California’s strippers are in the spotlight. Yesterday strippers protested the new state law in San Diego. They like the independence of being classified as contractors yet […]

New Jersey payroll services

Posted Leave a commentPosted in Payroll, Small Business

I offer these small business payroll services in New Jersey: Weekly, bi-weekly, monthly, twice a month, or as manually requested payroll schedule New Jersey Employer Report of Wages Paid (NJ WR-30) New Jersey Employer’s Quarterly Report (NJ-927) New Jersey Employer’s Quarterly Report for Weekly Filers (NJ-927W) New Jersey Submitter Form NJ-ERW2-S New Jersey Annual Withholding […]

Employee vs contractor; more misclassification risks

Posted Leave a commentPosted in Accounting, Payroll, Small Business

“Employee misclassification is a major issue. Employers who misclassify employees are failing to provide unemployment insurance and workers’ compensation. Those employers can also leave workers with large employment tax liabilities.“ This new article delivers information on even more risks. Correct handling of worker compensation is not so difficult or expensive. It doesn’t make sense to shortcut this […]

Simplify the business of life

Posted Leave a commentPosted in Accounting, Employee Benefits, Payroll, Small Business, Taxes

This blog title is a slogan used by the world’s most popular personal and small business software maker. For my purposes as an adviser, I’m using it here to refer to the accounting for essential financial transactions between an employer and employee: payroll, taxes and employee benefits. Small businesses have wide latitude in some areas of […]

Small business payroll fees for 2019

Posted Leave a commentPosted in Accounting, Employee Benefits, Payroll, Small Business

I’m sending this email message to my smallest business payroll clients: In planning for 2019 services, I’ve noticed that payroll processing fees have risen sharply for me. This seems to be an industry trend apparently related to spreading out the cost of state and local tax compliance issues for some companies but doesn’t otherwise affect […]

How to upgrade your small business payroll in 3 easy steps

Posted Leave a commentPosted in Payroll, QuckBooks, Small Business

How to upgrade your small business payroll in 3 easy steps: Download and sign service agreement from tonynovak.com/payroll. If you have prior payroll this year, get a copy of the Year-To-Date reports. Upload these to the secure portal here. THAT’S IT! We’ll take it from there. At lease one phone call will be necessary to […]

Changes to Tony Novak CPA business practices for 2019

Posted Leave a commentPosted in Accounting, Payroll, Tax Planning

***DRAFT VERSION *** This post is meant for peer advisor discussion purposes only at this time. I expect to make these five changes to improve client services in 2019. The changes apply to my core client group, local law firms, as well as other individual, small business and nonprofit clients.   1) Payroll Services Complete […]

What to expect when outsourcing small business payroll

Posted Leave a commentPosted in Accounting, Payroll, Small Business

I often mention to small business owners that one of the easy and surefire ways a small business can get improved level of service, save time and save money is to set up an outsourced payroll service. These are remote services; there is no need to be close to your business. Small businesses can easily […]